When the year began, Massachusetts-based HouseWorks was expanding farther south. As 2019 comes to a close, it’s now expanding farther north. After moving into the Philadelphia market in January by acquiring Caring Friends Home Care, the innovative, in-home care company HouseWorks made its next move by acquiring Extended Family, which moved it into New Hampshire […]
Category: M&A
Humana to acquire Enclara Consonance Capital Partners, a health care investment firm, has agreed to sell Enclara Healthcare to Humana Inc. (NYSE: HUM). The transaction includes the privately held pharmacy company’s subsidiaries Enclara Pharmacia, GuidantRx and Avanti Health Care Services. The deal is expected to close during the first six months of 2020. For Louisville, […]
The Patient-Driven Groupings Model (PDGM) is already starting to fuel the M&A engine of LHC Group Inc. (Nasdaq: LHCG), Chairman and CEO Keith Myers told Home Health Care News. Any day now, the Lafayette-based home health, hospice and personal care services company will announce an agreement to purchase five Egan Home Health and Hospice locations […]
Lifesprk, North Memorial Health unveil LEADS Lifesprk and North Memorial Health have partnered to make an alternative delivery system for whole person senior services. The idea behind the new system is to take into account a senior’s entire health care journey in order to more adequately serve his or her needs. The two Minneapolis-based organizations […]
CareFinders has expanded its footprint in the Northeast once again. This time, the expansion comes in Pennsylvania via a move that’s consistent with the growth strategy CareFinders has followed and accelerated since CEO Jim Robinson took charge in October 2018. The Hackensack, New Jersey-based personal home care agency announced Tuesday that it had acquired the […]
Honor — the technology-driven home care services provider already backed by Andreessen Horowitz — may soon have even more firepower to work with. A sequel to the world’s largest investment fund focused on technology, SoftBank’s Vision Fund 2 is reportedly in talks to invest roughly $150 million in Honor, according to a Thursday report from […]
At 79 deals and counting through November, home health and hospice mergers-and-acquisitions activity for 2019 is poised to exceed the previous year. That’s according to newly released data from Norwalk, Connecticut-based Irving Levin Associates. Founded in 1948, the firm provides market intelligence to health care professionals and senior care providers. Overall, 2018 saw 85 total […]
Home health, hospice and personal care giant Amedisys Inc. (Nasdaq: AMED) has entered a definitive agreement to acquire Asana Hospice. The financial terms of the deal — slated to close Jan. 1, 2020 — were not disclosed. Asana is a hospice care provider with locations in Pennsylvania, Ohio, Missouri, Kansas and Texas. As a part […]
LHC Group expands joint venture LHC Group (Nasdaq: LHCG), Texas Health Resources and Methodist Health System have agreed to purchase and share ownership of Healthcare Resources, an Arlington, Texas-based home health provider. DFW Home Health — a separate legal entity jointly owned by LHC Group, Texas Health Resources and North Texas Health Facilities Management Inc., […]
The Patient-Driven Groupings Model (PDGM) will largely come and go, leaving ample growth opportunities in its wake for the market’s biggest home health providers. With that in mind, LHC Group Inc. (Nasdaq: LHCG), has its long-term sights set on landing more value-based payment agreements. That’s according to CFO Joshua L. Proffitt, who discussed PDGM, LHC […]