Care collaboration software platform PatientPing has been acquired. Boston-based PatientPing provides a wide range of services, including real-time notifications when patients receive care, COVID-19-monitoring tools and other solutions. The software company works with health care organizations across the continuum of care, from hospitals and health systems to post-acute care providers. Citing “people familiar with the […]
Category: M&A
Mission Healthcare — one of the largest regional home health, hospice and palliative care providers in Southern California — is on the move. Earlier this month, the San Diego-based company completed its acquisition of Alliance Home Health & Hospice Care, a Medicare-certified home health and hospice organization in Pleasanton. The acquisition is Mission’s first outside […]
One of the faster-growing home care organizations in the United States is now trying to grow even faster. PE Hub reported Monday that CareFinders Total Care is trying to lock down additional growth capital. Hackensack, New Jersey-based CareFinders provides home care services to more than 8,500 patients throughout New Jersey, Pennsylvania and Connecticut. The company […]
The historic wave of consolidation that home health M&A experts predicted ahead of the Patient-Driven Grouping Model (PDGM) hasn’t fully panned out, largely due to the COVID-19 emergency and the billions in federal relief dollars that have come with it. There was some degree of contraction within the industry, however. Going into 2020, there was […]
LHC Group Inc. (Nasdaq: LHCG) and Orlando Health announced Tuesday they are expanding their joint venture into St. Petersburg, Florida, by realigning Bayfront Home Health Services into the partnership’s portfolio. Bayfront Home Health Services was already owned by LHC Group, but now the home health provider will be controlled through the joint venture. “Bayfront Home […]
Over the last few months, Addus HomeCare Corporation (Nasdaq: ADUS) has had to deal with a challenging legislative environment and significant COVID-19 surges that have affected clients and caregivers alike. Still, the Frisco, Texas-based in-home care provider is maintaining its course, particularly when it comes to M&A activity in 2021. “We continue to evaluate and […]
Brookdale Senior Living Inc. (NYSE: BKD) revealed Wednesday that it’s selling an 80% stake in its health care services business to HCA Healthcare (NYSE: HCA) for $400 million. At first glance, the transaction could be interpreted as a savvy move that enables Brookdale to cash in on its sizable home health, hospice and outpatient therapy […]
The Pennant Group Inc. (Nasdaq: PNTG) is sitting on a newly increased revolving line of credit, giving it plenty of M&A firepower to work with moving forward. The company specifically plans on putting “a lot of capital to work” in its home health business, executives noted during a Thursday earnings call. The Eagle, Idaho-based Pennant […]
BrightSpring Health Services has reportedly brokered a deal to acquire Abode Hospice and Home Health, according to PE Hub. Based in Louisville, Kentucky, BrightSpring provides a diverse array of home- and community-based services, serving more than 350,000 patients across 50 states. In 2019, BrightSpring was acquired by global investment firm KKR, with Walgreens Boots Alliance […]
Optum, a part of UnitedHealth Group (NYSE: UNH), has reportedly reached a deal to acquire in-home medical group Landmark Health. Rumors of such a deal between UnitedHealth and Landmark come from M&A intelligence service Mergermarket, which cited “four sources familiar with the situation.” Landmark declined a request for comment from Home Health Care News, which […]