Dealbook: Pennant Acquires Assets of Signature Healthcare at Home; Avid Health at Home Purchases Sandhills Home Care

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 […]

Providence’s Joint Venture With Compassus Likely Delayed Amid Concerns About Patient Care And Rural Access

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 […]

HRS Founder Aims To ‘Democratize’ Investment Banking, Exit Process For Home-Based Care Providers

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 […]

Walgreens Reportedly In Sale Talks With PE Firm Sycamore Partners

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 Closes $350 Million Deal For Gentiva’s Personal Care Assets

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 […]

Transactions: Elevance Health’s Home-Based Care Bet; Eden Health, Mission Health Expand Hospice Footprints

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 […]

VitalCaring Rebuts The DOJ, Makes Case For Itself As Worthy Divestment Partner 

VitalCaring Group – the home health and hospice company led by April Anthony – got caught in the crosshairs of the U.S. Department of Justice (DOJ) this week. The company responded, however, defending its current state and re-emphasizing where it plans to go. VitalCaring agreed to acquire divested assets from Amedisys Inc. (Nasdaq: AMED) in […]