Addus Announces Sale Of Its Personal Care Business In New York

Addus HomeCare Corporation (Nasdaq: ADUS) is selling its New York personal care business, along with its fiscal intermediary services for the state’s consumer-directed care program. The company announced Tuesday that it will offload its New York operations to HCS-Girling, another home-based care provider. The divestment will be worth “up to” $23 million for Addus, the […]

Avenues Home Care Launches, Set To Serve More Than 100 Communities

There’s a new home care company on the block. On Tuesday, Avenues Home Care announced its launch. The company is the result of several local home care companies in Texas, Tennessee and Georgia coming together under one banner. The local companies include AA Care Services, Sentinel Homecare, SunLife and Comprehensive Care. “We really also saw […]

Pennant Announces 2 New Home Health, Hospice Acquisitions; Family Resource Home Care Expands Footprint

The Pennant Group secures 2 more acquisitions The Pennant Group has completed two acquisitions thus far in May. Announced first was its acquisition of the Davis County, Utah-based South Davis Home Health and South Davis Hospice. “This acquisition provides us with an opportunity to further expand in the state of Utah, and will complement our […]

Home-Based Care Investors Show Interest, But M&A Pace Remains Cautious

Home-based care dealmakers have been busier of late, but that has not yet translated into more transactions. There’s some feeling that sidelined private equity firms will eventually have to enter the game, but that may not be the case. For one, interest rates have still not come down. But also, the “dry powder effect” – […]

Report: Amedisys-UnitedHealth Group Closing In On Sizable Divestment Package

A new report claims that home health giant Amedisys Inc. (Nasdaq: AMED) and UnitedHealth Group (NYSE: UNH) are closing in on a sizable divestment package to help circumvent antitrust concerns from regulators. UnitedHealth Group and its Optum arm announced a $3.3 billion deal to acquire Baton Rouge, Louisiana-based Amedisys last year, luring the in-home care […]

The M&A Strategies Behind HouseWorks, Care Advantage And PurposeCare

Home-based care stakeholders are navigating a very different environment than they were in the past. No one understands that better than prolific acquirers like HouseWorks, PurposeCare and Care Advantage. All three companies are doing unique things to maintain growth in 2024, however. Firstly, over the last few years, there has been a vast chasm between […]

PurposeCare Bucks Historic Home-Based Care M&A Inactivity Trend In Q1

The home health, home care and hospice industries are barely exhibiting signs of life when it comes to M&A, sans a few active companies. Transactions were again historically low in the first quarter. Overall, only 12 total home-based care deals have been reported from the first quarter, according to data provided by the M&A firm […]

After Partnership With CD&R, Elevance Health Continues To Bet On Its Provider Services Arm

Elevance Health (NYSE: ELV) continues to point to its provider capabilities – which include home-based care services – as a strategic priority. The company has partnered with the private equity firm Clayton, Dubilier & Rice (CD&R) on a primary care initiative that will bring together Carelon Health – Elevance Health’s provider arm – and apree […]

‘We’re Seeing Tons Of Opportunity’: Home-Based Care Buyers Deploy DIY M&A, Earnout Structures In 2024 Dealmaking Strategies

Transaction volume for home health, home care and other in-home care businesses dipped in 2023, with inflation, higher interest rates and global unrest contributing to the downturn. Many home-based care stakeholders anticipated M&A to rebound in 2024, however, thanks to increased loan activity in January, greater buyer-seller consensus and private equity’s record-high levels of “mature” […]