The Pennant Group Inc. (Nasdaq: PNTG) announced Wednesday that it has acquired CMS Home Health Care, a Texas agency with locations in Brownwood and Coleman. “With sister operations in Abilene, Austin and Dallas, this off-market acquisition is an excellent strategic fit for our burgeoning Texas portfolio of home health and hospice operations,” Pennant Group CEO […]
Category: M&A
Jet Health acquires Carrington Hospice Care Home health provider Jet Health Inc. announced it has acquired Carrington Hospice Care Inc. Irvine, California-based Jet Health provides physical, speech and occupational therapy services, plus skilled nursing, hospice and personal care. Medical social services are also part of Jet Health’s business mix. The company operates in Texas, New […]
Family Resource Home Care — one of the largest independent home care companies in the Pacific Northwest — is positioning itself for further growth. On Monday, the Liberty Lake, Washington-based Family Resource Home Care announced a new investment partnership with Great Point Partners, a health care-focused private equity group headquartered in Greenwich, Connecticut. Terms of […]
Home health giant AccentCare Inc. is forming a new post-acute care business, building upon its long-time partnership strategy with large health systems. The Dallas-based AccentCare revealed Tuesday it has been in talks with Fairview Health Services to take over the health system’s home health and hospice business in Minnesota. Under the newly announced deal, AccentCare […]
Actinium Healthcare Holdings — a Dallas, Texas-based private equity firm — has acquired Central Home Health Services of Texas Inc. The PE firm announced the acquisition last week, touting it as a stepping stone toward building a broader health care platform company. The financial terms were not disclosed. Houston, Texas-based Central Home Health Services of […]
LHC Group Inc. (Nasdaq: LHCG) has added another joint venture partner into its fold. The Lafayette, Louisiana-based home health, hospice and personal care services provider announced Thursday it has signed a definitive agreement to form a new JV with University Health Care System, one of the largest, most comprehensive health care organizations in Georgia. University […]
Caring People is staying busy on the acquisition front. In fact, the New York City-based Caring People has completed a handful of strategic deals — with a focus on care management organizations — in the last few months alone. The acquisitions consist of Acappella In Home Care, Aging Care LLC and AMR Care Group, all […]
Carely Inc. — an online referral platform for both caregivers and professional care providers — has announced it has an agreement in place to acquire CareGiving.com, an online community for family caregivers. The acquisition will help Dayton, Ohio-based Carely with its ultimate goal of enhancing the family caregiver experience through its platforms, Carely CEO and […]
M&A has been quiet in home health care for the most part, mostly due to the implementation of the Patient-Driven Groupings Model (PDGM) and the COVID-19 virus. Each has created uncertainty, though it was the former that kicked off the quiet M&A environment starting last year. PDGM put a halt to a lot of activity […]
So far, the transition to the Patient-Driven Groupings Model (PDGM) has gone smoothly for many home health agencies, with a majority successfully avoiding questionable encounters and achieving staffing efficiencies across their operations. Eagle, Idaho-based The Pennant Group Inc. (Nasdaq: PNTG) has seen positive results on its end, too, especially when it comes to coding accurately […]