Home Health Transaction Numbers Continue to Climb

Last fall, the home health M&A winds started to shift, with some industry insiders even predicting a record number of transactions to soon follow. New data suggests that point has arrived. Most had gone into 2020 believing that the Patient-Driven Groupings Model (PDGM) would jump start a period of “historic” M&A activity, but that ultimately […]

The Pennant Group Acquires Arizona Home Health Provider; Caring People Lands Multiple Home Care Companies

Pennant kicks off 2021 M&A activity The Pennant Group Inc. (Nasdaq: PNTG) has kicked off its 2021 M&A push. The Eagle, Idaho-based post-acute care provider announced Tuesday it has acquired Sacred Heart Home Health Care, which provides home health services in Phoenix and Tucson, Arizona. The acquisition was effective Jan. 16, 2021. “This strategic, off-market […]

Traditions Health Acquires 4 Agencies; Help at Home Buys Adaptive

Traditions adds to post-acute care platform Traditions Health is adding to its growing post-acute care business. The College Station, Texas-based home health and hospice provider announced a handful of new acquisitions at the start of January. Financial terms of the transactions were not disclosed. In Oklahoma, Traditions acquired two home health agencies: Traditions Home Care […]

59% of Health Care CFOs See Home Care as Key Investment Area

The majority of health care financial leaders view home care as a key area of investment. That’s according to a recent survey from BDO, a Chicago-based accounting, tax, financial advisory and consulting organization. Released Monday, the survey includes the responses of 100 CFOs at U.S. health care organizations, including home health providers, with revenues ranging […]

LHC Group Finalizes Three Acquisitions; A-1 Preferred Sources Buys On The Mark Services

LHC Group finalizes hospice, palliative care purchases LHC Group Inc. (Nasdaq: LHCG) has finalized acquisition agreements in Arizona and Oklahoma. By doing so, the Lafayette, Louisiana-based home health, hospice and personal care services giant expands its scope of services in the Phoenix area while entering the Oklahoma hospice market for the first time. Specifically, LHC […]

WellSky Completes $1.35B Purchase of CarePort Health

WellSky announced Thursday that it has completed its acquisition of care coordination software company CarePort Health. Under terms of the deal — first announced in October — WellSky purchased CarePort from Allscripts Healthcare Solutions (Nasdaq: MDRX) for a price tag of $1.35 billion. Allscripts is a health care information technology provider. CarePort’s platform helps health […]

AccentCare, Seasons Finalize Merger Aimed at Streamlining Patient Care

AccentCare and Seasons Hospice & Palliative Care have cleared all regulatory hurdles and officially merged, the post-acute care providers announced Tuesday. The Dallas, Texas-based AccentCare is ranked as the fifth-largest home health provider in the nation in terms of overall market share, according to LexisNexis statistics. Similarly, the Rosemont, Illinois-based Seasons is listed as the […]

Blank-Check Company Deerfield to Combine CareMax, IMC Medical Group in $614M Play

The health care SPAC boom continues. On Friday, Deerfield Healthcare Technology Acquisitions Corp. (Nasdaq: DFHT) announced it is acquiring CareMax Medical Group and IMC Medical Group Holdings for $364 million and $250 million, respectively. The New York-based Deerfield — a special purpose acquisition company — says it plans on merging the two senior care organizations […]

VC Insider Chris Booker: There’s Definitely More Capital Moving Toward Home-Based Care

The degree to which venture capitalists were interested in at-home care may have been overplayed at one point. But that’s becoming less and less the case. That’s according to Chris Booker, a partner at the Nashville, Tennessee-based venture capital firm Frist Cressey Ventures, which has itself frequently invested in the at-home care space. “From a […]