Transactions: Alivia Care Acquires Better Life Home Health; Charter Health Care Group Buys Generations Hospice Care

Alivia’s new home health transaction

Alivia Care Inc. has acquired Summerfield, Florida-based home health provider Better Life Home Health. Financial terms were not disclosed.

Alivia Care is the parent company of Jacksonville, Florida-based Community Hospice & Palliative Care, which provides services for more than 1,200 patients across Florida.

In total, the deal puts Alivia Care in 32 counties in North Florida and Southeast Georgia.

Additionally, the deal means Alivia Care’s offerings now include home health, hospice, palliative care, and Programs of All-Inclusive Care for the Elderly (PACE) services.

Entering the home health market allows the company to fulfill its broader aim of offering services across a larger health care continuum, according to Susan Ponder-Stansel, president and CEO of Alivia Care.

“Our organization is excited about building on and expanding the excellent work of Better Life Home Health,” Ponder-Stansel said in a statement. “Adding home health to our services is part of our goal of creating a continuum of care so that patients and their families can have the support needed to live well with as much independence as possible.”

The deal is also in line with the company’s strategy of completing acquisitions of existing entities as opposed to launching de novo locations.

“We figured that for us, the better way would be to go ahead and buy an existing book of business,” Ponder-Stansel previously told Home Health Care News. “We weren’t starting cold.”

Charter lands Generations

Charter Health Care Group, the post-acute care provider platform of private equity firm Pharos Capital Group, has purchased Generations Hospice Care Inc. The financial terms of the transaction were not disclosed.

“We are pleased to add Generations Hospice to our portfolio as we continue to expand our footprint in Texas,” Charter CEO Steve J. Larkin said in a statement. “Their philosophy of humanizing death and dying, along with their family-centered approach that tailors a plan specific to each patient, dovetails with Charter’s belief in providing compassionate, comprehensive care solutions for patients and families navigating the last years of life.”

San Antonio, Texas-based Generations Hospice Care provides a wide array of care services, including pain and symptom management, medication and medical equipment, therapy, nursing care, dietary assistance, and emotional care and counseling.

Meanwhile, Cucamonga, California-based Charter Health Care offers hospice, home health, complex care management and palliative care services. The company delivers care to over 5,000 patients across seven states.

Home-based care and end-of-life services played a pivotal role amid the COVID-19 emergency, according to Bob Crants, founding partner and chief investment officer of Pharos.

“Palliative care has played an important role throughout the pandemic, and we expect a continued and rising need for home health and end-of-life services,” Crants said in a statement. “We are proud to support Charter’s mission of ensuring a comfortable patient experience while lowering the costs of care.”

SolutionHealth, Home Health & Hospice Care merge

In an effort to expand access to care across southern New Hampshire, SolutionHealth and Home Health & Hospice Care (HHHC) will merge. The financial terms of the transaction have not been determined.

SolutionHealth is the parent company of the Elliot Health System and Southern New Hampshire Health.

HHHC serves 25 communities in southern New Hampshire. The company offers traditional home care, including nursing, rehabilitation, therapies, medical social work and licensed nursing assistants.

Once merged, HHHC will join SolutionHealth, alongside Elliot Health System, the VNA of Manchester and Southern New Hampshire Health. HHHC will continue to operate under its current name and remain an independently licensed not-for-profit organization.

“Offering services as part of a new post-acute care division within SolutionHealth enhances our ability to provide care in patient homes and avoid unnecessary hospitalizations,” John Getts, HHHC president and CEO, said in a statement. “Sharing a common health care record platform will also help to coordinate care and lead to greater patient satisfaction. At the same time, we remain committed to the meaningful relationships that we have developed with all health care providers and will continue to work collaboratively to best serve patients in southern New Hampshire.”

The deal is slated to close later this year.

Geneva Glen Capital completes sale of Southeastern Health Care at Home

Geneva Glen Capital (GGC), a Chicago-based private equity firm, recently completed the sale of Southeastern Health Care at Home to AccentCare. The terms of the transaction were not disclosed.

“We are tremendously grateful for our partnership with GGC and Rick Gandersman,” Werner Freymann, CEO of Southeastern, said in a statement. “The support and the strategic guidance they provided was exceptional throughout this chapter in our Company’s history. GGC and Rick delivered on all their promises and we could not have asked for better partners in helping us achieve our goals.”

Bristol, Pennsylvania-based Southeastern is the largest privately-owned home health services provider in the state. The company operates in 12 offices across eastern Pennsylvania and eastern Virginia and serves over 3,100 patients.

Dallas-based AccentCare is a provider of home health, hospice and personal care services, as well as private-duty nursing and care management services. The company has more than 250 locations across 31 states.

The transaction marks AccentCare’s first M&A deal since the company finalized its merger with Rosemont, Illinois-based Seasons Hospice & Palliative Care in 2020. The merger turned AccentCare into one of the five largest home health-hospice providers in the nation.