EVV Difficulties Creating M&A Opportunities for Addus HomeCare Corporation

Over the last few months, Addus HomeCare Corporation (Nasdaq: ADUS) has had to deal with a challenging legislative environment and significant COVID-19 surges that have affected clients and caregivers alike. Still, the Frisco, Texas-based in-home care provider is maintaining its course, particularly when it comes to M&A activity in 2021. “We continue to evaluate and […]

Why the $400M HCA Deal Is a ‘Win-Win Transaction’ for Brookdale

Brookdale Senior Living Inc. (NYSE: BKD) revealed Wednesday that it’s selling an 80% stake in its health care services business to HCA Healthcare (NYSE: HCA) for $400 million. At first glance, the transaction could be interpreted as a savvy move that enables Brookdale to cash in on its sizable home health, hospice and outpatient therapy […]

BrightSpring Reportedly Acquires Abode in $775M Deal

BrightSpring Health Services has reportedly brokered a deal to acquire Abode Hospice and Home Health, according to PE Hub. Based in Louisville, Kentucky, BrightSpring provides a diverse array of home- and community-based services, serving more than 350,000 patients across 50 states. In 2019, BrightSpring was acquired by global investment firm KKR, with Walgreens Boots Alliance […]

UnitedHealth’s Optum Reportedly Strikes Deal for Landmark Health

Optum, a part of UnitedHealth Group (NYSE: UNH), has reportedly reached a deal to acquire in-home medical group Landmark Health. Rumors of such a deal between UnitedHealth and Landmark come from M&A intelligence service Mergermarket, which cited “four sources familiar with the situation.” Landmark declined a request for comment from Home Health Care News, which […]

Pharos-Backed Charter Buys Physmed Home Health Care; SCAN Group Invests in Monogram

The hot start to the 2021 dealmaking season continues. Pharos Capital announced on Tuesday that its post-acute care provider platform, Charter Health Care Group, has acquired two home health and hospice assets in Omaha, Nebraska. Financial terms of the transaction were not disclosed. Founded in 2006, Charter offers a range of post-acute care services, including […]

In-Home Care Providers ConcertoHealth, Perfect Health Merge to Form ‘ConcertoCare’

Two in-home care providers — ConcertoHealth and Perfect Health — announced Wednesday that their organizations have merged. Together, the companies will operate under the name “ConcertoCare.” Aliso Viejo, California-based ConcertoHealth is a value-based care provider organization that delivers a variety of home-based care services. The company’s teams consist of complex care physicians, complex care nurses, […]

Grant Avenue Capital Makes First Transaction in Buy-and-Build Home Health Play

Grant Avenue Capital recently acquired Salt Lake City-based Valeo Home Health & Hospice from Eduro Healthcare, an operator of skilled nursing facilities. The financial terms of the deal were not disclosed. New York-based Grant Avenue Capital is a middle-market private equity firm focused on health care. Founded in 2011, Valeo Home Health & Hospice has […]

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 […]