At Addus HomeCare Corporation (Nasdaq: ADUS), the impact of Medicaid redetermination resulted in a slowdown of new patients. “We didn’t lose a lot of patients,” Addus CEO Dirk Allison said last week at the Cowen Health Care Conference. “What we really saw was a slowdown in new patients because of states like Illinois.” Based in […]
Category: M&A
A prediction from an analyst, in January, that called the sale of Walgreens Boots Alliance Inc. (Nasdaq: WBA) to the PE firm Sycamore Partners “less likely” has been proven false, as news emerged that a deal has been inked. On Thursday, Walgreens announced that it entered into an agreement to be acquired by Sycamore Partners. […]
This week brought some big news in the at-home care space, with the acquisition of BrightStar Care by a private equity firm. The deal is not the only PE-driven transaction to make headlines this year, with other examples including Renovus Capital Partners’ investment in Superior Health Holdings and Levine Leichtman Capital Partners’ acquisition of SYNERGY […]
BrightStar Care has been acquired by an affiliate of Peak Rock Capital, a middle-market private equity firm, in partnership with the company’s founder Shelly Sun Berkowitz. “I believe our partnership with Peak Rock will help BrightStar Care continue its mission of providing clients with high-quality compassionate care in the home, as well as make investments […]
Gracepoint Home Care has acquired the assets of Touching Hearts Senior Care. The acquisition includes the full transition of Mobile, Alabama-based Touching Hearts Senior Care’s assets, which encompasses client relationships and staff. “We’re thrilled to welcome the Touching Hearts team and clients into the Gracepoint family,” Owner Dylan Maloney said in a statement. “We look […]
Describing a year of “record breaking performance” for Pennant Group (Nasdaq: PNTG), leaders with the organization touted the home health segment in particular during the company’s Q4 2024 earnings call on Friday. “When you look at our growth this year, it was really record breaking to have a 40% increase in home health admissions, to […]
New Day Healthcare recently announced two major developments at the company. Bill Dombi, former president and CEO of the National Association for Home Care & Hospice, has joined the company’s Board of Advisors. New Day also recently acquired Houston-based home health provider Christian Senior Care Services. Founded in 2020, New Day has roughly 31 locations […]
Recent developments in the legal battle over the planned $3.3 billion UnitedHealth Group (NYSE: UHG) acquisition of Amedisys (Nasdaq: AMED) have moved the case closer to trial and shed more light on how UnitedHealth and Amedisys are pursuing divestments and defending the transaction. First, UnitedHealth dropped its motion to dismiss the case, saying that the […]
Choice Health at Home (CHH) has acquired Devotion Hospice, based in Conroe, Texas, enhancing the company’s commitment to delivering comprehensive post-acute care services throughout the Southwestern U.S. “We are excited to welcome Devotion Hospice into the Choice family,” Founder and CEO of Choice, David Jackson, said in a statement. “Their dedication to compassionate end-of-life care […]
If recent headlines are any indication, 2025 will be a pivotal year for setting the course of private equity investment in health care provider companies, including home-based care organizations. In the first month of the year, these were among the PE-related stories that generated headlines: These developments point to both the ongoing PE investment in […]
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