Addus HomeCare Corp. (Nasdaq: ADUS) has completed its acquisition of Gentiva’s personal care assets. The deal will significantly bolster Addus’ footprint in certain states, and also allow the company to enter other states for the first time. In a press release, Addus noted that the $350 million deal was funded through a combination of cash […]
Category: M&A
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 […]
New Day Healthcare – one of the fastest-growing home-based care organizations in the country – has picked up more fuel for its growth engine. The company announced Monday that it has closed on a $125 million senior credit facility with First Citizens Bank. Backed by the private investment company Kaltroco, New Day has executed about […]
VitalCaring Group – the home health and hospice company led by April Anthony – got caught in the crosshairs of the U.S. Department of Justice (DOJ) this week. The company responded, however, defending its current state and re-emphasizing where it plans to go. VitalCaring agreed to acquire divested assets from Amedisys Inc. (Nasdaq: AMED) in […]
The U.S. Department of Justice (DOJ) and four state attorneys general filed a lawsuit to block UnitedHealth Group’s (NYSE: UNH) acquisition of Amedisys (Nasdaq: AMED) this week. The DOJ’s complaint is thorough, with some compelling arguments, and some less so. Home health veterans have been predicting consolidation of the fragmented industry for a long time. […]
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 […]
The Department of Justice (DOJ) officially sued Tuesday to block UnitedHealth Group’s (NYSE: UNH) takeover of Amedisys (Nasdaq: AMED), calling the deal “presumptively anticompetitive and illegal.” In its complaint, the DOJ laid out multiple gripes it had with the deal, indicating that it would negatively impact patients, payers and home health workers. “We are challenging […]
Altaris — a New York-based, health care-focused investment firm — recently acquired Sharecare, the owner of the home-based care company CareLinx. Atlanta-based Sharecare is a digital health company that leverages a data-driven virtual health platform to manage patients’ health. It works with employers, health plans and government programs. CareLinx, meanwhile, coordinates personal care services and […]
The Department of Justice is reportedly prepping a lawsuit to block UnitedHealth Group’s (NYSE: UNH) takeover of Amedisys (Nasdaq: AMED). Bloomberg first reported the news. Its report, citing anonymous sources, says that the Amedisys and UnitedHealth Group leaders did meet with DOJ officials last week. That meeting did not change the DOJ’s mind, however. UnitedHealth […]
The Cigna Group (NYSE: CI) said on Monday that it is officially not pursuing a combination with Humana Inc. (NYSE: HUM). That means that CenterWell Home Health, one of the largest home health entities in the country, will not be changing hands. Together, Cigna and Humana would have become one of the largest health care […]
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