Business Briefs: Bethany HomeHealth Shuts Down Without Notice
Bethany HomeHealth Abruptly Closes All Locations
Plano, Texas-based Bethany HomeHealth Services has closed all 19 of its offices and did not provide a warning or reason for doing so, The Longview News-Journal reported. The company did share they were closing its offices in Longview, Carthage, Lufkin, Nacogdoches and Texarkana, but on Monday it appeared all locations had closed.
Under Texas state code, home health companies that are permanently closing must disclose in writing to the Texas Department of Aging and Disability Services at least five days before closing, but a spokesperson with the Texas Health and Human Services Commission said they were only informed about some location closings, according to The Longview News-Journal.
The other offices that closed include Bay City, Beaumont, Clear Lake, Corpus, Christi/Beeville, Corsicana, Greenville, Lake Jackson, Livingston, Palestine, Tyler, Waco and Weatherford.
Bethany HomeHealth was among the largest home health providers in Texas and is now referring patients to other providers.
Banner Health to Purchase SunLife Home Health
In a transaction that is expected to close on January 31, Banner Health, headquartered in Phoenix, will acquire SunLife HomeHealth, which provides home health services and private duty home care to the Tucson, Arizona area.
Banner Health is only purchasing SunLife’s Medicare-certified home health business. Of that business, the company will have 100% ownership and all operations will be under Banner Home Care, the home health care division of Banner Health, upon completion of the deal.
Currently, Banner does not provide home health services in the Tucson area, but with the acquisition, it will expand service to that area and transition current SunLife employees to Banner Home Care.
Help at Home Acquires Excel Companion Care
Help at Home, the portfolio company of Wellspring Capital, has acquired in-home care provider Excel Companion Care. This addition expands Help at Home into Pennsylvania, bringing the company’s reach to 11 states.
“We’re proud to add Excel, a great company with talented people that has always been a quality operator in the state of Pennsylvania,” Ron Ford, CEO of Help at Home, said in a press release. “As a reputable provider of superior income care for the last eleven years, Excel is a perfect complement to our core mission of enhancing quality of life for our clients.”
The acquisition also adds 600 direct care staff to provide non-medical in-home care under Pennsylvania’s Medical Waiver program.
“We are closely aligned with Help at Home’s culture, which has always placed a high value on its people, processes and client care, just as we have,” Joshua Drebes, co-owner of Excel, said. “Opportunities for increased scale, efficiencies and industry best practices will improve the overall customer experience and serve our staff well. We look forward to working with Help at Home, our partners and the sate of Pennsylvania to expand our service coverage in the future.”
Excel Companion Care received sell side advisory services from Brian Bruenderman, a partner of Stoneridge Partners.
Financial terms of the transaction were not disclosed.
Jordan Health Services Acquires Hospice and Home Care Organizations
Provider of home health, hospice and pediatric services throughout Texas, Oklahoma and Louisiana, Jordan Health Services has acquired Health Sense Hospice Inc., Health Sense Home Care Inc. and Health Sense Home Care of San Antonio, LLC.
“The acquisition of Health Sense fits perfectly with our continued commitment to the expansion of our current skilled care and hospice operations in Texas,” Jeff Fisher, executive vice president of growth and development of Jordan Health Services, said in a press release.
Health Sense as a whole provides services for approximately 420 patients and their families each day. These patients will be added to the approximately 33,000 patients Jordan Health Services provides care to.
“Health Sense’s commitment to homebound seniors and their families is a mission that aligns perfectly with Jordan’s continuum of care practices and standards,” Scott Herman, CEO of Jordan Health Services, said. “We are excited to have Health Sense’s seasoned professionals join the Jordan team.”
The financial terms of the transaction were not disclosed.
Home Instead Reveals New Owners
Orem Home Instead Senior Care, located in Orem, Utah, welcomed new owners in November. The franchise location’s new owners John and Lana Wilson live and work in Utah County and had careers in marketing and engineering before purchasing Home Instead.
Home Instead has more than 1,000 franchises around the world that provide in-home care to seniors.
“Many families do not realize that it’s possible for their aging adults to live safely, comfortably and independently in their own homes as they age,” Lana Wilson said in a prepared statement. “It is our goal to set the benchmark for non-medical, in-home care in Utah County and the surrounding area.”
Written by Alana Stramowski