After Gentiva Health Services (NASDAQ: GTIV) initially declined a takeover bid from Kindred Healthcare (NYSE: KND) in a $1.6 billion deal, Kindred has increased its offer to acquire all outstanding shares of Gentiva’s common stock for $14.50 per share, making the proposal a $1.7 billion acquisition. The new bid — which is an all-cash offer […]
Category: Acquisitions
Following its acquisition of a Tampa-area home health agency last month, Greystone Healthcare Management Corp. is expanding its presence in the Sunshine State with the purchase of a skilled-nursing facility (SNF) in Melbourne, Florida. Greystone, which manages healthcare facilities and home health agencies in Florida and Ohio, Monday announced the acquisition of Wuesthoff Progressive Care […]
Addus HomeCare Corporation (NASDAQ: ADUS) announced Tuesday it has acquired Tennessee-based Cura Partners, LLC (D/B/A Aid & Assist at Home, LLC), a deal that is expected to add $12 million to $13 million to Addus’ revenue this year. Addus HomeCare provides comprehensive health care services including skilled nursing, personal care aides and rehabilitation, and provides services […]
A company that manages senior living communities in Ohio and Florida is expanding its footprint in The Sunshine State with the acquisition of a Tampa-area home health agency. Greystone Healthcare Management Corp., which manages skilled nursing, assisted living and home health communities in Ohio and Florida, announced Tuesday the signing of a definitive agreement to […]
A $1.6 billion acquisition could be in the works between two of the home health industry’s largest players as Kindred Healthcare, Inc. (NYSE:KND) sets its sights to acquire Gentiva Health Services, Inc. (NYSE:GTIV). Under the proposal, Kindred would acquire all of the outstanding shares of common stock of Gentiva for a combination of $7.00 per […]
Pittsburgh-based Celtic Healthcare has acquired a Missouri-based home care and hospice provider that will expand its footprint beyond Pennsylvania and Maryland into Missouri and Illinois. The company announced this week it has acquired VNA-TIP Healthcare, a HomeCare Elite agency that has a longstanding history of nearly 100 years and has growth through acquisition of the […]
An Ohio health services company is ramping up its home care and hospice presence with the acquisition of Indiana-based operations this week. It will target new growth through partnerships with local communities and long term care providers. ViaQuest, based in Dublin, Ohio, announced it has acquired the Indiana operations of TriStar Home Health and Hospice—a […]
The Ensign Group (NASDAQ: ENSG) announced it is expanding its presence as a home health and hospice provider through the recent acquisition of Boise, Idaho-based Life’s Doors Hospice, Life’s Doors Home Health and Life’s Doors Home Care Solutions. The companies will be operated by Cornerstone Healthcare Inc., Ensign’s home health and hospice operating company. “We […]
On the heels of the closing of a deal to acquire two BioScip home health subsidiaries for nearly $60 million earlier this week, LHC Group (NASDAQ: LHCG) is continuing its buying spree with the asset purchases of two more home health agencies this week. The new acquisitions include the asset purchase of home health and hospice […]
LHC Group today announced it has closed a previously disclosed deal to acquire two home health subsidiaries of BioScrip Inc. (Nasdaq:BIOS) for $59.5 million. LHC, which provides home health, hospice and post-acute care services nationally, has purchased Deaconess HomeCare and Elk Valley services in a transaction that will add 32 agencies in four states to the […]
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