M&A and Financing Newsflash: Home Health Foundation Joins Wellforce, Bayada’s New Partnership

Waltonwood Lake Boone Partnering With Bayada Home Health Care

Bayada Home Health Care is partnering with Waltonwood Lake Boone to provide additional resources to the senior living community’s residents and staff.

Waltonwood Lake Boone is a senior living community based in Raleigh, North Carolina.


Bayada Home Health Care is a Moorestown, New Jersey-based home care organization with more than 40 years of experience. Its team includes more than 22,000 home health care professional who serve communities in 22 states across 335 offices.

“Together with the Lake Boone team, we’ll focus on delivering recovery and preventive care services that help reduce hospitalizations while improving residents’ quality of life,” said David Baiada, CEO of Bayada, in a press release.

The Waltonwood Lake Boone senior living community is under construction and is expected to open later this summer. It will have 121 independent living apartments, 39 assisted living apartments and 23 memory care apartments.


Bayada will have staff on-site as needed and an outpatient gym for residents to utilize.

Home Health Foundation Joining with Wellforce

The Home Health Foundation is awaiting approval to partner with Wellforce.

Burlington, Massachusetts-based Wellforce is a growing health system formed by Tufts Medical Center and Lowell General Hospital. The system includes more than 3,000 physicians and 12,000 employees.

Home Health Foundation is a provider of home health, palliative, hospice and private duty services. The organization is based in Lawrence, Massachusetts.

The partnership would create one of the largest home health and hospice providers in the region, The Eagle Tribune reported. Home Health Foundation would join Wellforce’s current partners, which include Circle Home and Hallmark Health VNA and Hospice.

Wellforce and Home Health Foundation are submitting their plans to the Health Policy Commission and the agreement should be finalized in the next few months, according to The Eagle Tribune.

InnovAge Purchases NewCourtland LIFE program

InnovAge has finalized its acquisition of the Living Independently for Elders (LIFE) program in Pennsylvania from NewCourtland Senior Services.

Denver-based InnovAge is a provider of in-home senior care that operates 13 Program of All-inclusive Care for the Elderly (PACE) centers in five states, serving nearly 5,000 seniors.

In some areas, PACE is known as LIFE.

NewCourtland Senior Services is a Philadelphia-based nonprofit organization that provides housing to low-income seniors.

The acquisition includes four LIFE centers that currently serve more than 650 seniors and employs more than 320 staff members. The deal includes a plan to open two more LIFE centers, according to a press release from the company.

The four LIFE centers included in the acquisition are in the Philadelphia neighborhoods of Allegheny, Germantown, Roosevelt and St. Bart’s.

Participants in LIFE are primarily dually eligible for both Medicare and Medicaid.

Heart of Hospice LLC Purchases Peachtree Hospice

Heart of Hospice LLC has purchased the operations of Peachtree Hospice, which serves patients in Arkansas and Oklahoma.

Heart of Hospice, a subsidy of EPI Group LLC, offers end-of-life care to more than 800 patients across Louisiana and Mississippi.

Charleston, South Carolina-based EPI Group is a privately held company with a portfolio including Evening Post Publishing and EPI Health.

“I am delighted that we have the opportunity to expand our vision of providing quality end-of-life care to hospice eligible patients by building on the strong foundation that PeachTree Hospice has established in Western Arkansas and Eastern Oklahoma,” said Carla Davis, CEO of Heart of Hospice, in a press release.

Freedom Home Care Opens New Location

Freedom Home Care is opening its sixth location in Illinois that will serve as a prototype for its future locations.

Freedom Home Care is a home care organization operating in the Chicagoland area and northern Illinois. The company provides home nursing services that range from post-hospital care to daily home visits for meal preparation and personal care.

The company started in Highland Park, Illinois.

“We saw a great opportunity to open in Lake Forest and service the new Northwestern Lake Forest Hospital and Lake Forest Senior Center community,” said Sharon Burack, founder of Freedom Home Care, according to a Daily Herald article.

Pediatric-focused home health services expand across Wisconsin

Pediatric Home Services (PHS) has opened a Milwaukee location, expanding its services across Wisconsin.

St. Paul, Minnesota-based PHS is an independent pediatric home care company that provides patients and families support so that children requiring care can safely thrive at home. The company supports more than 5,000 children across Minnesota, Wisconsin and northern Iowa, along with portions of North Dakota and South Dakota.

The new Milwaukee location will offer respiratory therapy and equipment with high-tech respiratory care provided 24 hours a day, according to a press release.

“We’re looking forward to getting more Wisconsin kids out of the hospital,” said Mark Hamman, president of PHS, in a release.

Written by Kaitlyn Mattson

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