AccentCare Acquires Quality Care Services
Texas-based AccentCare has expanded its personal care services client base by acquiring Quality Services’ Medicaid attendant care segment, which serves the Beaumont, Texas area.
The transaction was effective Feb. 1. The acquired business segment assumed the name of AccentCare’s regional branch in Texas —Texas Home Health.
Quality Care Services was founded in 1996. It will maintain and continue to operate its private pay attendant care segment.
All About Home Care Management Acquired
A strategic buyer has acquired All About Home Care Management, a Medicare-certified home health provider based in Ocala, Florida.
The company was founded in 2011 and is a four-star rated agency on Home Health Compare by the Centers for Medicare & Medicaid Services (CMS).The buyer intends to retain the current management and staff, and will utilize the company as a platform for growth in its district, which includes The Villages, a Florida senior living community.
Health care M&A firm Mertz Taggart served as the exclusive M&A advisor for this transaction, representing the seller.
Stowell Associates Sold
Stowell Associates, a home care and care management company based in Wisconsin, has been acquired by Chip Measells, a health care executive, and a group of local investors.
Stowell Associates was founded in 1983 and created the first private-pay professional geriatric care management and home care company in Wisconsin—and one of the first in the country. Founders Phyllis Brostoff and Verlie Stefanich will retain partial ownership of the company, and Measells has assumed the role of president and CEO.
Measells and the investors plan to continue growing the company and investing in technology to create new programs, including dementia education, medication management and mental health. The company will also expand into the Waukesha, Kenosha and Racine markets in 2018.
CNH Finance Acquires Triumph Healthcare Finance
CNH Finance, L.P., a specialty finance company based in Greenwich, Connecticut, has acquired Triumph Healthcare Finance, a division of TBK Bank, SSB, a subsidiary of Triumph Bancorp, Inc. (Nasdaq: TBK), based in Portland, Oregon.
The deal expands CNH Finance’s national commercial health care lending capabilities. CNH Finance specializes in middle- and lower-middle-market asset-based lending, including home health care and senior living clients. Upon completion of the transaction, Triumph will be integrated into CNH Finance, but remain based in Portland, Oregon.
Axxess Acquires Home Health Gold
Axxess, a home health technology company, has acquired health care data analytics and software provider Home Health Gold. David Merk will remain as Home Health Gold’s president and CEO.
Merk created Home Health Gold in 1997 to help home health organizations organize data into accessible reports. The company is based in Waterville, Maine, and services providers nationwide, including many Visiting Nurse Associations.
Written by Amy Baxter