Transactions: HouseWorks Acquires Care and Help Home Care; Pennant Bolsters Colorado Home Health Footprint

HouseWorks acquires Care and Help Home Care, Amedisys’ personal care division

The Massachusetts-based HouseWorks is expanding its footprint in Pennsylvania by acquiring Care and Help Home Care.

Care and Help Home Care is a privately-owned personal care provider serving the greater Philadelphia area.

“We are excited to welcome the Care and Help team to the HouseWorks family,” HouseWorks CEO Mike Trigilio said in a statement. “The acquisition of an organization driven by a talented team with a strong reputation for quality care will enable us to reach more clients and provide more services to seniors in need.”

Care and Help Home Care CEO Alex Berenson will stay on board and serve as a member of HouseWorks’ leadership team as the president of Pennsylvania’s operations.

Berenson founded the company in 2017 after trying to find personal care services for his dad.

“Recognizing the value that quality home care can provide seniors and their families, I founded Care and Help to allow more seniors to age in place,” Berenson said in a statement. “I am proud to help deliver the highest quality care to our clients through our network of dedicated and professional caregivers. HouseWorks is an ideal partner for Care and Help as our companies share a common mission of delivering the highest quality of care to those in need.”

The acquisition comes two months after HouseWorks acquired Associated Home Care (AHC), the personal care division of Amedisys Inc. (Nasdaq: AMED).

The home care provider has been on a bit of M&A frenzy following its partnership with InTandem Capital Partners, a health care services-focused private equity firm.

Pennant Group acquires Benefit Home Healthcare, Benefit By Your Side

The Pennant Group (Nasdaq: PNTG) has acquired the Colorado-based home health provider Benefit Home Healthcare and Benefit By Your Side, known together as Benefit.

Benefit offers skilled home health, private duty and community health services in Colorado Springs.

“We are pleased to expand our home health operations deeper into the state of Colorado,” Pennant CEO Brent Guerisoli said in a statement. “Benefit will be a great partner to our affiliates in the area as we further expand the continuum of care and provide life-changing service to the residents of Colorado Springs and its surrounding communities.”

The Eagle, Idaho-based Pennant has a network that includes 95 home health and hospice agencies and 49 senior living communities.

CenterWell Home Health acquires Trilogy

CenterWell Home Health – a part of Humana Inc. (NYSE: HUM) – has acquired the West Balm Beach, Florida-based Trilogy Home Health.

Kinderhook Industries, the previous owner of Trilogy, sold the provider for an undisclosed amount.

“Over the course of Kinderhook’s ownership, the Trilogy team completed nine add-on acquisitions and expanded its footprint to eleven offices,” Louis Aurelio, managing director at Kinderhook, said in a statement. “These investments combined with a premier management team created the largest independent home health provider in Florida. CenterWell’s expansive footprint and commitment to growth will fit perfectly with Trilogy’s culture.”

Trilogy has 11 locations across Florida. The company provides home health care, personal care and care coordination services.

On its end, CenterWell provides home health services to more than 350,000 patients per year across 38 states. It rebranded officially to CenterWell Home Health – after formerly being known as Kindred at Home – in September.

Chapters Health System, Capital Caring Health join forces

Chapters Health System and Capital Caring Health have finalized an official affiliation and will combine their respective resources.

The Tampa, Florida-based Chapters Health is a nonprofit, community-based health care services organization. Capital Caring Health, also a nonprofit, provides hospice, palliative care and counseling to nearly 120,000 patients.

“For the past several years, Chapters Health has been on an aggressive and ambitious trajectory to change the way chronic illness management and end-of-life care is administered in our communities,” Andrew Molosky, president and CEO for Chapters Health, said in a statement “We are thrilled to finalize the affiliation with Capital Caring Health, which for both organizations officially begin a new era in advanced illness care.”

Together, the two companies will have 4,000 employees and 3,000 volunteers.

“Chapters Health and Capital Caring Health are changing the health care landscape by dramatically strengthening our combined not-for-profit missions,” Capital Caring Health President and CEO Tom Koutsoumpas said in a statement. “Together we provide the best possible outcomes for patients, families and our dedicated team members.”

The combination will allow the nonprofits to serve patients in Florida, Georgia, Maryland and Virginia.

Elara Caring to acquire Assisted Daily Living

Elara Caring has announced plans to acquire Assisted Daily Living, a Rhode Island-based home health provider.

While expanding Elara Caring’s footprint in Rhode Island, the acquisition also opens the door to expanding its presence into the bordering markets of Connecticut and Massachusetts.

“Elara continues to set important milestones as we look to transform the home health space, bringing our relationship-based approach, innovative platform and value-based model to markets across the country,” Elara Caring CEO Scott Powers said in a statement. “We look forward to providing Rhode Island patients and clients with the individualized, high-quality, compassionate home health services that have come to define the Elara experience.”

The Dallas-based Elara Caring is a home-based care company that currently has roughly 200 locations across 16 states.

The deal is expected to be finalized at the end of 2023.

“In agreeing to be acquired by Elara, Assisted Daily Living is enhancing our ability to serve patients with outstanding care while providing greater opportunities for our team members,” Assisted Daily Living President Debra Corey said in a statement. “Given our organizations’ shared mission and values, I have every confidence that this move will serve to benefit scores of Rhode Islanders.”