The private equity firm Renovus Capital Partners has acquired the home health and hospice provider Superior Health Holdings, Inc. Financial terms were undisclosed. Renovus Capital Partners is a lower middle-market investment firm based in Philadelphia. The firm’s portfolio includes more than $2 billion of assets, about 30 companies, across its several industries, including technology, health […]
Amedisys’ (Nasdaq: AMED) planned divestiture of more than 100 home health and hospice locations to VitalCaring has reportedly been halted following a federal court ruling that requires Texas-based VitalCaring to allocate a significant portion of its future profits to Encompass Health and Enhabit. Amedisys in June announced an agreement to sell some of its locations […]
The Pennant Group (Nasdaq: PNTG) has completed its purchase of certain Oregon assets of Signature Healthcare at Home. The company previously acquired Signature’s Idaho and Washington assets on August 1, 2024. “We are delighted to welcome these operations to the Pennant fold,” Brent Guerisoli, CEO of Pennant, said in a press release statement. “This is […]
UnitedHealth Group (NYSE: UNH) and Amedisys (Nasdaq: AMED) have extended the deadline to finalize their merger agreement until 2025, as stated in a filing on Dec. 27. The merger is currently under close scrutiny by the U.S. Department of Justice (DOJ), which filed a lawsuit on Nov. 12 to block the takeover, labeling it as […]
Oregon’s Health Care Market Oversight (HCMO) program is reviewing a proposal to spin off Providence’s home health and hospice services into a joint venture supported by private equity. Sarah Bartlemann, the cost programs manager for Oregon’s Health Authority (OHA), confirmed the review in a letter to a Washington D.C. attorney representing Compassus, Providence’s partner in […]
During his time as CEO of home-focused telehealth and remote patient monitoring company Health Recovery Solutions, Jarrett Bauer aimed to help more home-based care providers extend their reach through virtual care. While home-based care is still top of mind for Bauer, he is now addressing a different industry need. He recently launched Montauk AI, a […]
Avenues Home Care, which launched earlier this year, has already made a splash on the M&A market. The company announced Monday that it acquired Clear Path Home Care. The deal will bring six new locations into the Avenues network in Texas, specifically in the Dallas area. It will enhance opportunities around veteran care, including through […]
Walgreens Boots Alliance Inc. (Nasdaq: WBA) is reportedly in talks to sell itself to the PE firm Sycamore Partners. The move would take the retailer private, as its shares have dipped in value over recent years. The deal may be signed by early next year, according to a Wall Street Journal report. Sycamore is a […]
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 […]
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 […]
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