The National Alliance for Care at Home’s (the Alliance) leadership team is rounding into form. Sherl Brand – who has significant leadership experience in provider, association and third-party roles – is set to become the next COO. Brand will begin her new position in the middle of January. She will become the first COO of […]
Category: Hospice
Elevance Health to acquire CareBridge Elevance Health (NYSE: ELV) is emerging as another “payvider.” It announced last month that it has agreed to acquire the home-based care company CareBridge. The deal is reportedly worth $2.7 billion. CareBridge is a value-based solutions platform for home- and community-based services. After its founding in 2019, the company raised […]
Coming off the acquisition of Intrepid USA’s hospice operations in Missouri and Texas, M&A will continue to be a major growth driver for New Day Healthcare. For New Day, the most recent acquisition will allow the company to have the full care continuum in both markets. This is imperative to the company’s ability to be […]
As home-based care leaders seek new business opportunities, rolling out new product or service lines can be an avenue for achieving growth. But those new service lines can also have considerable financial consequences if things go awry. One company with extensive experience launching new service lines is Choice Health at Home. Tyler, Texas-based Choice provides […]
As The Pennant Group (Nasdaq: PNTG) expands its home health footprint rapidly across the country, developing local leaders remains at the heart of the company’s operating model. That’s according to Pennant CEO Brent Guerisoli. He reiterated Pennant’s focus on this strategy during the company’s third-quarter earnings call Thursday. “The significant investment we have made in […]
Aveanna Healthcare Holdings Inc. (Nasdaq: AVAH) continues to push forward in its efforts with government and preferred payers. “While we continue to operate in a challenging labor and inflationary environment, our preferred payer strategy allows us to return to a more normalized growth rate in our business segments,” Aveanna CEO Jeff Shaner said during the […]
Compassus has signed an agreement to form a joint venture with the health system Providence. The partnership will include home health care, hospice, community-based palliative care and home care services. It is the latest example of Compassus’ overarching joint venture growth strategy. “Providence at Home with Compassus” will be the name of the venture. In […]
Every company has their own unique growth goals, but some companies are hitting goals faster than others. Across home-based care, companies like Traditions Health, Honor, HomeWell and others are seeing tremendous growth. In fact, the industry is well-represented on the Inc. 5000 2024 ranking of the fastest-growing private companies in the country. This year, 29 […]
Empath Health is a company in transition. In the spring, it completed an affiliation process with Trustbridge, which formed the largest nonprofit post-acute provider organization in the state of Florida. The Clearwater, Florida-based Empath Health offers hospice, home health care, palliative care, grief services, Program of All-Inclusive Care for the Elderly (PACE), adult day services, […]
There were at least 20 deals closed in home health, home care and hospice during the second quarter, in addition to a few major deals that were announced, but not finalized. Overall, recent months have shown a thaw in M&A may actually be in progress. The home health sector saw at least 10 deals, while […]
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