A major change is in store for senior housing and home care referral service A Place for Mom (APFM). The Seattle-based company’s previous investor, Warburg Pincus, is selling APFM for an undisclosed price to technology investment firm Silver Lake and global growth equity firm General Atlantic, both of which will own equal stakes in APFM […]
Category: Acquisitions
An already fast-growing home care provider is entering a new phase of expansion, adding a fresh service line through a recent acquisition and extending its geographic reach by launching its first franchise location. Sunny Days In-Home Care launched in 2011, and since that time, the Pittsburgh-based company has grown quickly. In 2015, it pulled in […]
After announcing its intention to cease being an owner and operator of skilled nursing facilities at the end of 2016, Kindred Healthcare (NYSE: KND) has struck a deal to sell its SNF business for $700 million in cash. The total value of the transaction to Kindred is expected to be $910 million, the Louisville-based company […]
After completing the nation’s largest public home health-hospital joint venture, Almost Family (Nasdaq: AFAM) is focused on growth and opportunities in alternative payment models. Last year, Louisville-based Almost Family, one of the nation’s largest home health care providers, formed a joint venture with Community Health Systems (NYSE: CYH) and created the nation’s largest public home […]
Optima Healthcare Solutions Acquires Hospicesoft Optima Healthcare Solutions, a provider of cloud-based software for post-acute care providers, has acquired Hospicesoft, a supplier of cloud-based software for hospices. Palm City, Florida-based Optima is a portfolio company of Alpine Investors V, LP and affiliated funds. Hospicesoft offers a complete EMR and billing solution that eliminates the need […]
Brookdale Senior Living (NYSE: BKD), one of the nation’s largest home health operators, continues to be the subject of takeout rumors, with a China-based firm now seen by some as the most likely buyer. Executives with Brentwood, Tennessee-based Brookdale touted improved operational performance Tuesday on a first quarter 2017 earnings call with analysts. However, as […]
Lafayette, Louisiana-based LHC Group (Nasdaq: LHCG) is continuing to bet on a growth strategy that has long paid off for the home health care company—partnering with hospitals and health systems in joint ventures. And the opportunity for these joint ventures is gaining more momentum, according to LHC Group CEO Keith Myers, who spoke about the […]
Addus Homecare (Nasaq: ADUS) is buying a personal care services provider with a sizable footprint in New Mexico. Addus announced Thursday it signed a definitive agreement to purchase Options Home Care, a provider of personal care services in 20 counties in New Mexico and a wholly-owned subsidiary of HB Management Group. Options Home Care has […]
Lafayette, Louisiana-based LHC Group (Nasdaq: LHCG) has entered into a definitive agreement to form a joint venture with Baptist Memorial Home Health Care. LHC Group, one of the nation’s largest home health care providers, will purchase the majority of Baptist’s home health and hospice operations. The venture is expected to add $25 million in annualized […]
Investors Drop $4 Million on PreparedHealth Some well-known investors have opened their wallets for a Chicago startup focused on social media and big data. PreparedHealth recently picked up $4 million from Chicago Ventures, Pritzker Group Venture Capital, Beverly Capital and Meridian Street Capital, reports Crain’s Chicago Business. PreparedHealth’s signature product is an app called enTouch, […]