[Updated] Health Care-Focused PE Firm RiverGlade Capital Acquires Home Helpers

Home care M&A experts knew that the dealmaking dominoes would start to tumble in 2021, pushed over by the recent agreement between Senior Helper and Advocate Aurora Enterprises. They didn’t know how fast that chain reaction would be, however. On Thursday, H.H. Franchising Systems Inc. — the Cincinnati-based company that operates Home Helpers Home Care […]

PE Players Getting More Collaborative in Home Care Dealmaking

The recent upswing in home care dealmaking activity driven by private equity continues. It appears PE buyers are starting to get more collaborative, too. On Tuesday, a consortium of private equity firms came together to acquire Aging With Comfort, an independently owned Philadelphia-based home care agency that provides personal care assistance for elderly and disabled […]

‘Homecareist’ Vesta Raises $65M to Support Pop Health Programs, Risk-Based Contracts

Home-focused digital health platform Vesta Healthcare announced Tuesday it has raised an additional $65 million in growth capital. The New York City-based Vesta is a clinical provider and technology services organization that connects caregiver insights to the rest of an individual’s care team. As part of its business model, the company partners with home care […]

Senior Helpers Likely to Be the First of Many Home Care Dominoes to Fall in 2021

Last week, the investment arm of Advocate Aurora Health acquired Senior Helpers, the giant home care franchise organization that domestically operates across 44 states. Advocate Aurora Enterprises pulled the trigger on the Maryland-based Senior Helpers as part of its three-pronged investment thesis around aging, parenthood and well-being. According to a report from PE Hub, Advocate’s […]

Aveanna Files for $100M IPO, Announces Major Expansion Plans

Aveanna Healthcare Holdings Inc. — a large and rapidly growing in-home care company that historically has specialized in caring for complex pediatric patients — is attempting to go public. The Atlanta-based home health provider announced plans to raise $100 million in an initial public stock offering on Thursday. In its paperwork, Aveanna also revealed an […]

PACE Providers Shift Services Toward the Home Amid Nation’s Long-Term Care Overhaul

The COVID-19 pandemic has revealed a dire need to rethink how and where Americans age, most long-term care experts agree. Investing in small-home senior living and “nursing homes without walls” are among the several innovative ideas that have been floated over the past year. Alternatively, some aging services stakeholders have simply called for a sweeping […]

[Updated] ‘We Own the Full Health Care Continuum’: Advocate Aurora Enterprises Acquires Senior Helpers

One of the largest home care organizations in the country has been acquired by one of the nation’s biggest health systems. Advocate Aurora Enterprises — the recently established subsidiary of Midwest-based Advocate Aurora Health, one of the 12 largest not-for-profit, integrated health systems in the U.S. — announced Thursday it has acquired Senior Helpers. The […]

Home Care Operators Waiting for Clarity on Proposal to Boost Pay to 112% of Minimum Wage

Multiple scandals involving New York Gov. Andrew Cuomo and a related impeachment investigation will not slow down budget negotiations. That could mean a late night for the state’s home-based care operators, who are following the talks closely due to possible wage hikes on the table. As of Wednesday afternoon, New York lawmakers were full-speed ahead […]