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Help at Home makes two more acquisitions
The Chicago-based Help at Home announced this week that it has acquired the Ohio-based Berkshire Homecare and the Indiana-based My Care at Home.
“We want to extend a warm welcome to the Berkshire Homecare and My Care at Home caregivers, clients and payer partners to Help at Home,” Help at Home COO Ray Smithberger, said in a statement. “These organizations are a great fit for Help at Home and allow us to extend our service coverage within these two key states. We look forward to bringing Help at Home’s innovative care coordination value proposition, enhanced caregiver support and quality services to more clients in Ohio and Indiana.”
A home- and community-based services provider, Help at Home has 180 branch locations across 12 states. Its network includes more than 65,000 clients and 50,000 caregivers.
The company has been aggressively expanding within its key markets over the last few years.
Berkshire Homecare serves the Cleveland area, including the Lorain and Cuyahoga counties. My Care at Home is headquartered in Shelbyville, Indiana.
“The company’s continued growth in Indiana with the My Care at Home transaction coincides closely with the state’s planned transition to managed long-term services and supports (MLTSS) in 2024,” Help at Home added in its press release. “As the leading Indiana-based home care provider with distinctive value-based care capabilities, Help at Home is positioned as a partner of choice to payers in supporting the unique needs of seniors and chronic populations such as dual-eligibles in conjunction with the MLTSS transition.”
Addus completes Tennessee Quality Care acquisition
Addus HomeCare Corporation (Nasdaq: ADUS) has finalized its deal to acquire Tennessee Quality Care — a home health, hospice and private-duty nursing provider.
The price tag was $106 million.
“We are excited to add the clinical services of Tennessee Quality Care to our operations as we expand our market coverage to all three levels of home care in Tennessee,” Addus Chairman and CEO Dirk Allison said in a statement. “Tennessee Quality Care has an excellent reputation and strong market presence, which will enhance our ability to reach more patients and families in this important market.”
The Franklin, Tennessee-based provider serves an average daily census of about 1,800 patients through 17 locations in over 50 counties. The provider’s biggest service line is home health care, but it also provides private-duty nursing and hospice care.
Addus funded the acquisition through a combination of cash on hand and a revolving credit facility.
“This is a very strategic acquisition for as it allows us to offer all three levels of home-based care in an attractive market,” Allison added on the company’s second-quarter earnings call.
The Frisco, Texas-based Addus currently provides home-based care services to about 47,500 individuals through 203 locations across 22 states.
Amber Personal Care acquires Healing Hearts Home Health
Amber Personal Care has acquired Healing Hearts Home Health.
“We are thrilled to join forces with Healing Hearts Home Health,” Amber Personal Care President Sophia Akrami said in a statement. “Our shared vision and commitment to exceptional care will enable us to make a lasting impact on the lives of countless individuals in our community.”
Based in Greenwood Village, Colorado, Amber Personal Care offers home care services, dementia care, post-surgery support and physical disability support.
Healing Hearts is also based in Colorado and provides home health care to seniors.
Knute Nelson and Walker Methodist join forces
Knute Nelson and Walker Methodist, two faith-based, non-profit organizations, are set to merge into one entity.
The strategic partnership is set to be finalized at the beginning of 2024.
“Both Walker Methodist and Knute Nelson are well-respected leaders in the aging services field,” Knute Nelson CEO Mark Anderson said in a press release. “A successful merger of these two organizations would mean that we could scale appropriately, continue to be relevant and appealing to customers and job seekers, as well as allow us to better optimize technologies.”
Knute Nelson provides home health, senior housing and assisted living, among other services, in 43 counties in Minnesota and North Dakota. The company plans to grow into the metro marketplace with the new partnership.
Currently, Knute Nelson serves more than 8,500 individuals per year through about 1,100 team members.
Walker Methodist owns and manages 19 senior living communities in Minnesota and Wisconsin and serves more than 3,000 people annually, with about 1,000 team members.
National Church Residences acquires in-home medical company
The Ohio-based National Church Residences has acquired At Your Door Visiting Healthcare Services, an in-home medical service and primary care provider.
The acquisition will allow the National Church Residences team to offer home-based care and hospice services through At Your Door in its communities throughout the state.
“At Your Door’s model of providing primary care and in-home medical services for senior housing communities complements everything National Church Residences believes in by helping seniors remain living in their homes,” National Church Residences President and CEO Susan DiMickele said in a statement. “With the addition of At Your Door’s home-based primary care services, we can offer patients a full continuum of care for seniors living in our communities.”
All of At Your Door’s team members have received offers to become National Church Residences employees, the company announced. That includes owner Angela Hoff and COO Larry Hoff.