M&A and Financing Newsflash: Optimal Acquired, VNA Care and Porchlight Team Up

Mercy Hospital Partners with Integrity Home Care and Hospice

Mercy Hospital and Integrity Home Care and Hospice are partnering up on home health care.

Integrity Home Care and Hospice is a Missouri-based home care organization that focuses on home health, hospice and pediatrics, among other services.

Mercy Hospital is an acute care, specialty care and critical access hospital system that operates in communities across four states, according to their website.

The partnership will focus on home monitoring.

“The goal for both Mercy and Integrity will be to allow patients to stay in their home as long as possible, and to prevent remissions or maybe unnecessary emergency department visits,” said Integrity Home Care President Cliff Stepp, according to a news story from KY3.

The program should be rolled out later this year in Springfield, Missouri.

Optimal Health Services Acquired by Bristol Hospice

Bristol Hospice, a portfolio company of Webster Capital, has acquired California-based Optimal Health Services.

Optimal Health Services was founded in 1992, and the company provides hospice and home health care across 10 counties in California.

Bristol Hospice is a Salt Lake City-based hospice provider with 11 locations across several states—California, Florida, Georgia, Hawaii, Oregon, Texas and Utah. The portfolio company Webster Capital is a private equity firm out of Waltham, Massachusetts that invests in the branded consumer and health care services industries. Webster is currently investing its forth fund and has raised over $1.5 billion of capital.

Cain Brothers served as Optimal’s financial advisor in connection with the transaction, according to the press release. Financial terms of the transaction were not disclosed in the release.

VNA Care Enters Management Agreement with Porchlight VNA/Home Care

VNA Care has entered into a management agreement with Porchlight VNA/Home Care, the companies announced in a press release.

VNA Care, a subsidiary of Atrius Health, serves more than 50,000 patients each year. The Massachusetts-based organization is the largest nonprofit home health and hospice provider in the state. Atrius Health is a non-profit health care system serving patients in eastern and central Massachusetts.

A freestanding nonprofit community agency, Porchlight VNA/Home Care is the only western Massachusetts agency rated five stars by the Centers for Medicare & Medicaid Services (CMS).

VNA Care President and CEO Holly Chaffee, previously president and CEO of Porchlight for more than a decade, will resume leadership for the organization along with the VNA Care senior leadership team.

“Together VNA Care and Porchlight have a wonderful opportunity to innovate home health across the Commonwealth to provide all of our patients with the right care that keeps them happy and comfortable in their homes. I look forward to working with our talented teams to achieve this vision,” said Chaffee in the press release.

Porchlight and VNA Care operate in over 250 communities throughout Massachusetts, according to the release.

Always Best Care opens new office in Pittsburgh

Always Best Care Senior Services announced in a release that it has opened its newest franchise in the Greater Pittsburgh area. Always Best Care of Fox Chapel marks the company’s seventh location in Pennsylvania.

Always Best Care, founded in 1996, is one of the nation’s leading providers of non-medical in-home care, assisted living placement services and skilled home health care. The company delivers its services through an international network of more than 200 independently owned and operated franchise territories throughout the United States and Canada.

The new agency is owned and operated by husband-and-wife team Richard and Julie Clements, according to the release.

“With the rise in demand for quality care on a national level, we felt the best way to combat the issue was to contribute to our local community by opening a trusted senior care provider for those in need,” said Richard Clements, in the press release.

Written by Kaitlyn Mattson

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Kaitlyn Mattson on Email
Kaitlyn Mattson
When not writing about home health topics, Kaitlyn can be found kayaking on the Chicago River or taking pottery classes.

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