Aveanna Healthcare to acquire Maxim’s home health care division
Atlanta-based Aveanna Healthcare has entered into a definitive agreement to acquire the home health care division of Maxim Healthcare Services.
Financial terms of the transaction — expected to close in the second quarter of 2019 — were not disclosed.
Privately-owned Aveanna Healthcare is made up of two of the largest providers of pediatric home care in the country in Epic Health Services and PSA Healthcare. Aveanna and its affiliates operate across 23 states and more than 200 branch offices, with services ranging from pediatric private-duty nursing to adult skilled hourly nursing.
Columbia, Maryland-based Maxim is a provider of home health care and staffing services. Its operational divisions include home health care, personal caregiving services, behavioral health care, health care staffing and population health and wellness.
Maxim’s staffing services and population health and wellness divisions are not part of the agreement, according to the companies.
“Our agreement with Aveanna represents a positive opportunity for Maxim and the patients and caregivers we serve,” Bill Butz, president and CEO of Maxim, said in a statement. “Our home health care division will benefit from a greater platform for growth and success in delivering quality, compassionate care, while allowing us to focus on our health care staffing and population health and wellness businesses.”
Aveanna — backed by Bain Capital and J.H. Whitney — acquired Pasadena, California-based Premier Healthcare Services in July 2018. Premier Healthcare Services is also a provider of pediatric services.
“Maxim represents a highly complementary addition that we believe will strengthen Aveanna’s business while expanding services and access to high-quality care,” Devin O’Reilly, managing director at Bain Capital Private Equity, said in a statement.
Amedisys to acquire RoseRock Healthcare
Amedisys Inc. (Nasdaq: AMED) has signed a definitive agreement to acquire RoseRock Healthcare. The move is part of the Baton Rouge, Louisiana-based home health giant’s ongoing push to grow its hospice business.
Financial terms of the agreement — expected to close on April 1 — were not disclosed.
Amedisys — which also maintains an executive office in Nashville, Tennessee — provides home health, hospice and personal care services across 38 states and Washington, D.C. On the close of the RooseRock deal, Amedisys will operate 138 hospice care centers in nearly three dozen states.
The company closed on its $340 million acquisition of Compassionate Care Hospice, a 53-location national hospice care provider that added 11 states to Amedisys’ hospice network, earlier in February.
RoseRock provides specialized hospice care to about 200 patients in northeastern Oklahoma daily.
Strategically, Amedisys’ play for RoseRock will round out its services in the Oklahoma market, allowing patients to stick with the company as they progress throughout the continuum of care. Amedisys currently operates six home health care centers in Oklahoma, including an agency in Tulsa.
“The opportunity to have home health, hospice and personal care in the same space has really been an overarching goal of our CEO and leadership team,” Regarner Thompson, senior vice president of Amedisys’ hospice south region, previously told Home Health Care News. “Seniors getting to age in place with one company, one provider that can do restorative care to end-of-life care.”