BrightStar Care is touting its “unprecedented” growth a little over halfway into 2024, signaling that it is still committed to expanding its franchise footprint around the country. Specifically, the company has signed 15 new franchisees this year; signed 24 new franchise agreements; and opened 16 new locations. Currently, it has 396 agencies across the U.S., […]
Category: M&A
There were at least 20 deals closed in home health, home care and hospice during the second quarter, in addition to a few major deals that were announced, but not finalized. Overall, recent months have shown a thaw in M&A may actually be in progress. The home health sector saw at least 10 deals, while […]
The Pennant Group (Nasdaq: PNTG) is one of the largest home health providers in the country, and has also been one of the more acquisitive ones over the last year. Now, it’s moving eastward, in a move that could set the table for an aspirational future. In June, the company announced a partnership with the […]
The Pennant Group (Nasdaq: PNTG) has agreed to acquire assets of certain affiliates of Signature Healthcare at Home for a combined price tag of $80 million. “This is a significant acquisition in Pennant’s history,” Pennant CEO Brent Guerisoli said in a press statement. “We are excited to make this investment because of the quality of […]
Private equity money plays a part in the U.S. health care system, as well as in home-based care. But PE firms have much less influence and ownership of the provider world than most outsiders likely believe. This idea was laid out by Rebecca Springer, the lead health care analyst at Pitchbook, in a new report. […]
On late Friday, Amedisys Inc. (Nasdaq: AMED) announced that it had agreed to divest certain locations to VitalCaring, in a deal that would be a massive one for the home health industry. It could clear the way for UnitedHealth Group (NYSE: UNH) to finalize its takeover of Amedisys, and also turn VitalCaring into one of […]
Amedisys Inc. (Nasdaq: AMED) filed paperwork Friday with the U.S. Securities and Exchange Commission saying it has agreed to divest “certain” locations to an affiliate of home health and hospice company VitalCaring. The divestiture was a way for Amedisys to avoid further antitrust concerns from regulators prior to it joining UnitedHealth Group (NYSE: UNH). UnitedHealth […]
Elara Caring has acquired Caregivers Home Health in a transaction that allows the company to enter the Iowa market and expand its footprint in Kansas. The deal falls in line with Elara Caring’s strategy of acquiring companies that will facilitate footprint growth in their existing markets, and its expansion goals in the Midwest. “There is […]
HCS-Girling Backs Pinnacle Home Care HCS-Girling and Pinnacle Home Care announced earlier this month that the two companies have a definitive agreement to enter into a strategic partnership. Financial terms of the deal were not disclosed. The New York-based HCS-Girling provides home health and home care services, and Pinnacle Home Care is one of the […]
Sharecare (Nasdaq: SHCR) – the digital health company that owns the home-based care platform CareLinx – is set to be acquired. An affiliate of Altaris Capital – a health care investment firm – is acquiring the company for $1.43 per share, which represents a premium of 85% on Sharecare’s closing price as of June 20. […]
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