Honor Faces Scrutiny Over Growing Partnership Model

It’s been a little more than a year since San Francisco-based startup Honor launched a new strategy focused on partnering with existing home care providers. The partnership approach has so far helped Honor shift to a more sustainable business model and expand its market presence, company leaders say, but it has generated persistent rumors and […]

[CORRECTED] PE Firm Alpine Investors Adds Advantage In-Home Services to its Portfolio

Advantage In-Home Services, a provider of personal home care, has been acquired by Alpine Investors* and will partner with Alpine’s portfolio company TEAM Public Choices. The deal should help TEAM expand geographically and service-wise, and will yield liquidity to Advantage’s founder, who is retiring. Financial terms were not disclosed. Prior to this transaction, Advantage In-Home […]

Addus Makes Medicare Advantage Headway, to Acquire VIP Health Care Services

Addus HomeCare Corporation (Nasdaq: ADUS) has signed a definitive agreement to acquire a New York-based home care provider and is positioning itself to fully capitalize on “exciting” new Medicare Advantage (MA) opportunities over the next several years. Addus President and CEO Dirk Allison discussed his company’s latest acquisition, its MA plans and third-quarter financial results […]

Brightree Owner ResMed to Acquire MatrixCare for $750 Million

Health care technology company ResMed (NYSE: RMD, ASX: RMD) has signed a definitive agreement to acquire MatrixCare for $750 million. The purchase price represents a valuation multiple of 25 times the expected calendar year 2018 pro forma EBITDA of $30 million for MatrixCare. The move allows ResMed to expand across the continuum of care, strategically […]

Private Equity Backs Post-Acute Platform, Celtic Hospice & Home Health Rebrands

Pharos Capital Makes Majority Investment in Charter Health Care Group Private equity firm Pharos Capital Group has made a majority investment in Charter Health Care Group, a California-based provider of post-acute care services, including hospice and home health care. The transaction serves as the launching pad for Pharos’ post-acute care platform moving forward. Terms of […]

Speakers Announced — Capital + Strategy Forum | April 2019

Announcing the Preliminary Speaker Roster Join Us April 10, 2019 in Washington, D.C. Request An Invite Home Health Care News (HHCN) is pleased to announce the preliminary speaker roster for our inaugural Capital + Strategy Forum on April 10, 2019, in Washington, D.C. This full-day event attracts home care, hospice, private duty, investment bankers, insurance industry […]

Home Health and Hospice M&A Activity Holding Steady

With more than 20 deals total, home health and hospice merger-and-acquisition activity held steady in the third quarter of 2018. This quarter’s M&A action marks the third-consecutive quarter with more than 20 acquisitions, according to newly released data from Norwalk, Connecticut-based market intelligence firm Irving Levin & Associates. So far, 2018 has seen a “much […]

Amedisys Buys Compassionate Care for $340M, Will Become Third-Largest US Hospice Provider

Amedisys Inc. (Nasdaq: AMED) is executing an industry-shaping deal with one of the country’s largest hospice providers, adding further fuel to a white-hot M&A market. Home health, hospice and personal care powerhouse Amedisys announced Wednesday that is has signed a definitive agreement to acquire Parsippany, New Jersey-based Compassionate Care Hospice for a fixed price of […]

M&A and Financing Newsflash: Justice Department Approves CVS-Aetna Merger, Amedisys Subsidiary Closes Personal Care Deal

Justice Department Approves CVS and Aetna Merger CVS Health Corp. (NYSE: CVS) has secured anti-trust approval for its $69 billion acquisition of Aetna (NYSE: AET), the Justice Department announced Wednesday. The deal was approved on the condition that the company divest Aetna’s Medicare Part D prescription drug plan business to WellCare Health Plans, Inc, a […]

M&A and Financing Newsflash: Vitas Acquires Florida Hospice, Catawba Regional Hospice Rebrands

Vitas Healthcare Acquires Florida’s Hospice of Citrus and The Nature Coast Vitas Healthcare, one of the largest hospice providers in the United States, has acquired Hospice of Citrus and the Nature Coast (HOCNC) in Florida. Terms of the deal were not disclosed. Vitas Healthcare is an end-of-life care provider operating across 14 states and Washington, D.C. Vitas — […]