Brookdale Buyout with Chinese Firm Off the Table

The Chinese firm Zhonghong Zhuoye Group Co Ltd is no longer in talks to buy Brookdale Senior Living (NYSE: BKD), according to Bloomberg. Zhonghong Zhuoye Group Co Ltd, a Beijing-based real estate and leisure firm, was, at one time, prepared to buy Brookdale for $20 per share, but the deal stalled, and has now finally faltered. Negotiations […]

Under HHGM Threat, Encompass Acquires With Caution

As home health care deals have cooled off in the wake of the home health groupings model (HHGM) proposal, at least one major provider is continuing to meet its acquisitions goals—albeit, cautiously. That was one message from the third quarter earnings call with investors with HealthSouth (NYSE: HLS), soon to be known as Encompass Health. […]

Business Briefs: Ensign Acquisition, LHC Group

Ensign Group Acquires Nevada Hospice Operations The Ensign Group (Nasdaq: ENSG), the parent company of the Ensign group of skilled nursing, rehabilitative care services, home health care, hospice care and assisted living companies, has acquired a hospice provider serving Southern Nevada through a subsidiary of its home health and hospice portfolio, Cornerstone Healthcare, Inc. The […]

CareLinx Acquired by Generali Global Assistance

CareLinx, a tech-enabled caregiver marketplace with more than 200,000 caregivers on its platform, has been acquired by Generali Global Assistance, a provider of assistance services that is part of the Generali Group. The terms of the deal and acquisition price were not disclosed. CareLinx, which already has a large scale as a digital marketplace for […]

LifeCare Home Health Acquires Texas Agency

Plano, Texas-based LifeCare Home Health LLC has acquired Beyond Faith Homecare & Rehab LLC, a home health care and rehabilitative therapy services provider with multiple Texas locations. The acquisition price was not disclosed, though LifeCare received $41.5 million in financing for the acquisition and growth. LifeCare is part of LifeCare Health Partners, and provides customary […]

Homewatch CareGivers CEO Steps Down in Private Equity Deal

A number of home care franchisors have been acquired by private equity groups as of late—Homewatch International, franchisor of Homewatch CareGivers, among them. As part of the transaction, former CEO Leanne Reynolds stepped down from her position, and former COO and President Julie Smith took over the helm. Homewatch CareGivers, which has more than 200 locations […]

Franchisor Homewatch CareGivers Acquired by Private Equity Firm

Homewatch International, franchisor of Homewatch CareGivers, is the latest home care company with new private equity ownership. Authority Brands, a portfolio company of PNC Riverarch Capital, has acquired Homewatch International, according to a press release issued Thursday. There are more than 200 Homewatch CareGivers locations across the United States, Canada, and Latin America, providing in-home […]

Amedisys Continues Personal Care Growth in Massachusetts

Amedisys Inc. (Nasdaq: AMED) has made yet another acquisition in the private pay arena. The company’s subsidiary, Associated Home Care, has entered into an agreement to acquire Intercity Home Care, a Malden, Massachusetts-based personal care provider. The transaction is expected to close on October 1 and will bring Amedisys’ total client count in Massachusetts to […]

Business Briefs: Encompass Home Health, CareFinders

CareFinders Acquires Sovereign Home Health of Connecticut CareFinders, a Hasbrouck Heights, New Jersey-based home care provider, has acquired Sovereign Home Health of Connecticut, LLC. Norwalk, Connecticut-based Sovereign provides care to approximately 125 clients in Connecticut, giving CareFinders the opportunity to grow an initial presence outside of New Jersey, according to a press release from the […]

AccentCare Strikes Joint Venture Deal with UCLA Health

Dallas-based AccentCare is creating a joint venture-owned home health care agency with UCLA Health. The new agency, AccentCare UCLA Health, will serve patients in Los Angeles and surrounding communities. AccentCare is a post-acute health care provider that operates under several regional brand names and has more than 140 locations in 11 states. UCLA Health includes four hospitals on two […]