Transactions: Elara Caring Buys American Family Home Health; New Day Healthcare Announces Another Deal

Elara Caring acquires American Family Home Health

Elara Caring has acquired American Family Home Health, a Huntley, Illinois-based home health care provider.

“In agreeing to be acquired by Elara, American Family Home Health is passing the baton to an organization that has demonstrated its full commitment to high-quality, compassionate patient care,” Ren Pillai, administrator at American Family Home Health, said in a press statement. “We have every expectation that this deal will improve lives within our community and provide greater opportunities for our team members.”

American Family Home Health increases Elara Caring’s Illinois footprint, as well as the company’s overall presence in the Midwest.

“As demand for home health continues to climb, Elara is finding new avenues to bring high-quality, personalized clinical care and support services to markets nationwide,” Elara Caring CEO Scott Powers said in the statement. “We’ve improved outcomes and the overall patient experience with our relationship-based approach, innovative platform, and value-based model, and we look forward to doing the same for patients and families in Huntley and beyond.”

Dallas-based Elara Caring is a home-based care provider with about 200 locations across 17 states. The company serves more than 60,000 patients.

In addition to American Family Home Health, Elara Caring also acquired the Rhode Island-based Assisted Daily Living in April.

New Day Healthcare purchases Pathfinder Home Health

New Day Healthcare has acquired Pathfinder Home Health, a skilled care provider in Texas.

“Pathfinder is an example of high caliber companies that we seek to add to the New Day family,” Matthew Griffith, chief development officer of New Day Healthcare, said in a press statement. “Keeping the existing operational structure in place and enhancing benefits for team members is a key success factor for New Day. Additionally, Pathfinder operational leader Danny Golden, a home healthcare veteran, will remain in charge of delivering the company’s exceptionally high quality care.”

New Day has 24 locations across Texas, Missouri, Kansas and Illinois. The company serves almost 82,000 patients annually.

New Day Healthcare is a rapidly growing home health provider. This is the company’s eighth completed acquisition since 2020.

The acquisition of Pathfinder Home Health is part of New Day’s expansion plans in East Texas, according to Kathy Poland, chief operating officer of New Day Healthcare.

“One of our major purpose statement beliefs is acquiring organizations for who they are, and letting health care be provided locally, by local caregivers,” she said in the statement. “We maintain local operations and let these companies run, so they remain patient focused. Our ability to maintain local brands and local operations sets us apart.”

Acara merges five entities

The Texas-based Acara has merged five home health providers: A Plus Family Care, Axiom Home Health, Bee First Primary Home Care, Elder Homecare and Starr Home Care.

Acara delivers home health services across San Antonio, Austin, Uvalde, Laredo, Rio Grande Valley and other communities.

The merger is meant to expand care across Central and South Texas.

“We exist to serve and advocate for the well-being of people in their homes and community so that together we make a positive impact on their lives,” Michael Thiel, CEO of Acara, said in a press release.

Ascension Saint Thomas Home Health is transitioning to Compassus

Ascension Saint Thomas Home Health is transitioning to Compassus, a company that offers home health care services, infusion therapy, palliative care and hospice care.

“Our patients expect to receive the highest caliber of care, whether they visit one of our hospitals, care centers or receive care in their homes,” Fahad Tahir, the president and CEO of Ascension Saint Thomas, said in a statement. “To meet our mission, we partner with organizations that have the depth and expertise to provide leadership in specific areas of focus such as home health, long-term care, acute rehabilitation, physical therapy, and others. Compassus is mission compatible and offers that depth in home health that we were seeking.”

The transition of Ascension Saint Thomas to Compassus will be branded as Ascension Saint Thomas at Home.

Ascension Saint Thomas at Home will administer the home health services formerly provided by Ascension Saint Thomas Home Health in the Hickman, Benton, Humphreys, Lewis, Williamson, Maury, Dickson and Perry counties of Tennessee.

“Middle Tennessee has been our home for nearly two decades and we’ve long looked to expand our presence here,” Compassus CEO David Grams said in a press release. “Working with Ascension Saint Thomas broadens our ability to offer patients a full spectrum of integrated home-based care options and we are grateful that more Middle Tennesseans will have the opportunity to receive the world-class care they need to address current and future health care needs where they live.”

Firmament fuels merger of Prime Providers and Right Choice In-Home Care

Firmament has invested in Prime Providers to support the company’s acquisition of Right Choice In-Home Care.

The New York-based Firmament is an investment management firm. The company provides structured equity and debt capital solutions to small- and medium-sized enterprises.

On its end, Prime is a home-based care organization that delivers private-duty nursing and other services to patients across California. Meanwhile, Right Choice provides personal care and respite care services to patients with intellectual and developmental disabilities in California.

“The acquisition of Right Choice furthers Prime’s mission to establish itself as an important partner for our key stakeholders — clients, clinicians, and payers,” Prime Providers CEO Jonathan Sassover said in a press release. “Linda Weinberg and Don Lucas built Right Choice into one of the largest and respected IDD in-home care providers in California through tireless dedication to service, and we are committed to continuing this legacy in partnership with them.”

WellSky acquires Corridor

WellSky — a post-acute technology company — has acquired Corridor from HealthEdge Investment Partners, a private equity firm.

This move allows WellSky to expand its medical coding and revenue cycle management (RCM) offerings.

“Providers today must continually demonstrate higher quality performance and compliance, and they’re looking for solutions to support quality patient care and reduce administrative burdens,” WellSky CEO Bill Miller said in a press statement. “As we looked to strengthen our services offerings, Corridor emerged as an ideal partner. Together, WellSky and Corridor help more post-acute care organizations succeed against industry challenges.”

Overland Park, Kansas-based WellSky utilizes software and analytics to help providers across the continuum achieve better outcomes at lower costs.

Meanwhile, Corridor is a tech-enabled services platform for post-acute providers.

“For more than 30 years, Corridor has held steadfast to our mission to help our clients maximize their performance and resources with powerful, tech-enabled solutions. I’m thrilled that Corridor will continue to advance that mission as part of the WellSky team,” Corridor CEO Des Varady said in a statement. “With access to WellSky’s tech-enabled solutions that are focused on improving outcomes, lowering costs, and improving patient and family satisfaction, we can better serve our client partners.”

Home Care Pulse buys Pre-Intent

Home Care Pulse (HCP) has purchased Pre-Intent, an automated outreach solution tool meant for the recruitment of direct-care talent.

‘With over 7.8 million jobs projected to be open in home-based care and senior living facilities by 2026, it’s more important than ever to help our customers meet this challenge,” HCP CEO Bud Meadows said in a press statement. “Pre-Intent is a perfect complement to HCP’s platform helping providers automate many of the manual tasks in recruiting staff while improving the efficiency of their talent acquisition process through integration with existing systems and offering a better experience for prospective candidates.”

Founded in 2008, HCP reports on workforce developments, marketing strategies and financial trends. The acquisition of Activated Insights and Pinnacle Quality Insight will also bolster the company’s technology platform.

Pre-Intent’s co-founders – Bryan White and Chris Bowker – will also join HCP.

“Chris and I are excited to join HCP and help shape the capabilities for Pre-Intent as an HCP solution that works alongside products like Retain and HCP Training to deliver a complete solution for employers in the LTPAC industry,” White said in the statement.