All Metro Health Care Acquires Massachusetts Home Care Provider All Metro Health Care acquired Independence Healthcare Corp., a Worcester, Massachusetts-based provider of non-medical home healthcare services. All Metro, a home care provider headquartered in Valley Stream, New York and a portfolio company of middle market private equity firm One Equity Partners, serves patients in New York, Pennsylvania, New […]
Lafayette-based LHC Group (Nasdaq: LHCG) has entered into a joint venture agreement with Irving, Texas-based Christus Health to take over the operations of 21 services locations, including home health agencies, hospice program, community-based home care services, inpatient hospice and long-term acute-care hospitals (LTACHs). Christus Health is an international Catholic, faith-based, not-for-profit health system that operates more than 600 […]
While the overall U.S. health services industry experienced significant growth in mergers and acquisitions in the second quarter of 2017, the value of home health care deals took a dive, according to data published by Pricewaterhouse Coopers (PwC). While the home health sub-sector saw a total of nine announced deals in the second quarter, both […]
Encompass Home Health and Hospice, already one of the largest home health providers nationally, now is entering Illinois for the first time by acquiring VNA Healthtrends. Based in Des Plaines—about 20 miles northwest of downtown Chicago—VNA Healthtrends serves markets in Illinois, Indiana, Ohio, Michigan, and Arizona. The Michigan locations were not part of the sale, […]
Bayshore HealthCare Acquires Alpha Home Health Care Victoria, BC-based home health care provider Bayshore HealthCare acquired Alpha Home Health Care, another home health care provider that has been based in Victoria for more than 40 years. The sale was completed May 31, and was prompted by the retirement of Alpha’s president and second-generation owner, Don […]
Boyne Capital Partners announced yesterday that it acquired AmeriBest Home Care, Inc., a Philadelphia-based home care provider that serves seniors and disabled residents throughout Pennsylvania. The Miami-based private equity firm closed the deal in partnership with AmeriBest management, which will continue to handle operations. “We were impressed by the high-quality, dynamic leadership team at AmeriBest, […]
Netsmart, an Overland Park, Kansas-based provider of electronic health records (EHR), data analytics and other technology services, today announced it acquired DeVero, a technology company that specializes in home health and hospice. The companies did not disclose the acquisition price. As part of the deal, Netsmart inherits a high-profile DeVero client: Louisville-based Kindred Healthcare (NYSE: KND), […]
Mediware Closes Acquisition of Kinnser Software Mediware Information Systems, a health care software provider, finalized the acquisition of Kinnser Software, a provider of software for home health and hospice providers. The transaction, backed by TPG Capital, also included Kinnser CEO Chris Hester joining Mediware’s senior leadership team, according to a press release. The acquisition was initially announced […]
HealthSouth Corporation (NYSE: HLS) announced today that it will change its name to Encompass Health Corporation, after acquiring Encompass Home Health and Hospice for $750 Million in November 2014. In addition to the name change, effective January 2, 2018, the company will also change its NYSE ticker symbol from “HLS” to “EHC.” “This name change and […]
Happy Monday, readers! Take a minute to catch up on everything that happened last week with our Monday Jump-Start. Keep reading to see our top stories from last week, along with news items that caught our eye. Start your week off with this gripping first-hand account from a patient who was saved by her home […]
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