A Washington-based hospital is trading its in-house home health care agency for a lump sum. Island Hospital in Anacortes, Washington, agreed last week to sell its home health care division to Utah-based Canyon Home Care & Hospice for $1.45 million, reports local news site goanacortes.com. Canyon runs 12 locations in Utah, Idaho, and Oregon. Island Hospital Home Health […]
Category: Acquisitions
The largest nonprofit home health care provider in New Jersey, the Visiting Nurse Association Health Group (VNAHG), has signed a letter of intent to merge with the Visiting Nurse Association of Ohio (VNAO), which will become an affiliate of VNAHG. VNAHG hopes of grow as an organization to continue to stay relevant, attract new talent and innovate […]
Happy Monday! We are back from the National Leadership Conference co-hosted by the Visiting Nurse Associations of America (VNAA) and the Alliance for Home Health Quality and Innovation in sunny San Diego last week, and here to get you up to date on the latest news in the industry. Last week, we kept you in […]
Late last year, Kindred Healthcare (NYSE: KND) announced its intention to completely exit the skilled nursing sector and place its bets on the home health and hospice business. Now, the Louisville, Kentucky-based post-acute care services provider is reportedly receiving takeover interest. The one-time skilled nursing giant is in “late-stage” discussions with several potential buyers for […]
Despite a rising interest in the home care space from outside financing groups, mergers and acquisition activity slowed during the first three months of the year. In the first quarter of 2017, there were just 13 publicly announced home health and hospice acquisitions, according to recent data from Irving Levin and Associates. M&A remained flat […]
AccentCare, a home health and hospice provider with about 140 locations in 11 states, has entered Mississippi for the first time by acquiring Sta-Home Home Health & Hospice. Based in the state capital of Jackson, Sta-Home describes itself as Mississippi’s largest home health provider, serving about 19,000 patients each year. The acquisition by AccentCare was […]
Amedisys Inc. (Nasdaq: AMED) is continuing to expand its presence in the private duty home care arena by acquiring East Tennessee Personal Care Service. The transaction is expected to close on May 1, and will grow AMED’s Personal Care Division to 2,700 aides serving 15,600 clients annually, the Baton Rouge, Louisiana-based company announced Friday. The […]
Hometeam to Offer 12 Weeks Paid Maternity Leave New York-based home care startup Hometeam has announced it will offer 12 weeks of paid family leave for its caregivers who are the primary carer, male or female. The company is also offering two weeks of paid family leave for child-caring partners. The paid family leave is for caregivers who have […]
A proprietary medical documentation and device company with a 70-history has stepped across the line from providing products to providing services by acquiring operations in the private duty home care space. West Des Moines, Iowa-based Briggs Healthcare has recently started a new business line as the owner and operator of private duty home care companies—with plans […]
Private equity investment in the home care and hospice sectors hit a new high in 2016. As of the third quarter of 2016, more than 50 home care and hospice transactions involved private equity buyers, compared with fewer than 30 of these transactions in all of 2015, according to proprietary data from M&A advisory firm […]
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