Despite a recent uptick in M&A activity within the hospice space, many industry leaders still see private duty home care and medical home health care as the greatest growth areas for the in-home care industry in 2019. Meanwhile, the year ahead will also be filled with new technology adaptation, driven by payment model changes and […]
Category: M&A
CareLinx is making moves to further appeal to potential payer partners by beefing up its ability to address social determinants of health and reduce hospital readmissions for at-risk patients. Burlingame, California-based CareLinx announced Thursday it has acquired the Optimal Aging platform from Providence St. Joseph Health (PSJH), one of the country’s largest health systems and […]
BrightSpring adds new clinical, compliance execs BrightSpring Health Services, one of the country’s largest home and community-based health services providers for high-need populations, has hired a new chief clinical officer and a new chief compliance officer. Susan Sender will take the reigns as the company’s chief clinical officer, while Rachael Kurzer Givens has been named […]
Aveanna Healthcare to acquire Maxim’s home health care division Atlanta-based Aveanna Healthcare has entered into a definitive agreement to acquire the home health care division of Maxim Healthcare Services. Financial terms of the transaction — expected to close in the second quarter of 2019 — were not disclosed. Privately-owned Aveanna Healthcare is made up of […]
Home-based care is often lauded for allowing seniors to age in place while saving the health care system thousands of dollars by decreasing hospital admissions. But with costs that don’t always come cheap to clients and nationwide caregiver shortages, home-based care isn’t without challenges. An increasingly popular way to address them is with adult day […]
San Francisco-based Honor — which uses technology and workforce management solutions to take over caregiver recruiting, scheduling, billing and other back-office responsibilities for home care agencies for a share of their revenue — has started to refine its partner profile. Since revamping its business model more than a year ago, Honor has teamed up with […]
After 20 years of serving the Boston area, private-pay in-home care company HouseWorks LLC recently expanded into the Philadelphia market. Expanded Medicare Advantage (MA) benefits, rising demand and private equity backing helped drive the strategic decision. Company leaders say innovation — from its caregiver team structure to its home-modification arm — will help propel the […]
Similar to how hospitals have different arms able to treat patients with changing needs and a variety of conditions, a new private equity partnership is aiming to create a multisite, multidisciplinary system of community care services. Led by former Addus HomeCare Corporation (Nasdaq: ADUS) CEO Mark Heaney, the PE partnership is particularly interested in adult […]
New York-based private equity firm Post Capital Partners is partnering with former Addus HomeCare Corporation (Nasdaq: ADUS) CEO Mark Heaney to search for — and invest in — home- and community-based care businesses. “We see a growing need for home and group care in the community, as the number of older persons grows and life […]
The long-standing moratoria on new Medicare home health agencies is no longer in effect anywhere in the U.S. The Centers for Medicare & Medicaid Services (CMS) allowed the temporary ban to expire on Jan. 30, a move that will likely improve patient access to home-based care in related markets, experts say. CMS initially implemented a […]