Global private equity firm Advent International has entered a definitive agreement to acquire AccentCare from its current PE-backer, Oak Hill Capital Partners. Financial terms were not disclosed. The acquisition is one of six home health PE deals announced so far this year, with fewer industry deals happening at a slower pace than in years past. […]
Mission Viejo, California-based The Ensign Group Inc. (Nasdaq: ENSG) unveiled plans Monday to spin off its home health, hospice and senior living businesses into The Pennant Group, a separate publicly traded company. Expected to close by the end of 2019, the Pennant spinoff will consist of 60 home health and hospice agencies and 51 senior […]
Arosa+LivHome announced Monday it has acquired Forever Young Home Care, a move that expands its North Carolina footprint and adds further scale to the up-and-coming in-home care provider’s operations. Financial terms of the deal were not disclosed. Backed by Bain Capital Double Impact, Arosa+LiveHome was formed in October 2018 after the combination of two regional […]
The number of publicly traded home health companies in operation may soon rise by one, as The Ensign Group Inc. (Nasdaq: ENSG) signaled Monday its intent to spin off and grow a separate business under the name The Pennant Group Inc. Plans for the spinoff — expected to close toward the end of 2019 — […]
LHC Group Inc. (Nasdaq: LHCG) is leaning even further into its joint venture strategy, a major calling card for the Lafayette, Louisiana-based home health, hospice and personal care giant. LHC Group announced Thursday it has entered into an agreement to acquire home health and hospice assets from SSM Health, a multi-state health system based in […]
Cornerstone Healthcare — the large in-home care provider organization under The Ensign Group Inc. (NYSE: ENSG) umbrella — is actively seeking opportunities to acquire both well-performing and struggling home health, hospice and home care operations across the United States. That’s according to Cornerstone President and CEO Daniel Walker, who hinted at future M&A moves following […]
In the dynamic home health, hospice and personal care industries, scale is sometimes a serious leg up, as well as a driving force behind record-setting M&A activity. That’s especially true when it comes to keeping up with potential Medicare Advantage (MA) opportunities, collecting actionable data and experimenting with new business models that solve nationwide problems, […]
Blue Wolf Capital makes another post-acute care move As a response to the growing demand for integrated delivery models in the post-acute care sector, private equity firms Blue Wolf Capital Partners and Peloton Equity have partnered to launch rehabilitative health care provider ClearSky Health. Austin, Texas-based ClearSky Health plans to develop and acquire in-patient rehabilitation […]
HCAP Partners invests in Mission Healthcare In the midst of growing interest in the home health care space from private equity investors, HCAP Partners has invested in Mission Healthcare. Investment terms were not disclosed. Mission Healthcare — which has more than 600 employees — is a San Diego-based home health and hospice services provider with […]
When LHC Group (Nasdaq: LHCG) acquired Almost Family in 2018, a number of additional assets came with the deal, including Imperium Health Management, one of the country’s largest accountable care organization (ACO) management companies. Rather than sell the business, LHC Group decided to embrace it. “We did not even hesitate to embrace the ACO segment […]
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