Now that the Patient-Driven Groupings Model (PDGM) is the new normal, the home health industry is entering the most pivotal time for consolidation since the shift to the Prospective Payment System (PPS). With that in mind, Lafayette, Louisiana-based LHC Group Inc. (Nasdaq: LHCG) expects to see a major spike in terms of market share gain […]
Category: M&A
Three years after Shelly Sun founded the Chicago-based BrightStar Care, she adopted a franchise model as a means for expansion, a somewhat unusual path for growing an in-home care company from scratch. BrightStar is now active in 39 states, able to reach 75% of the U.S. population within a 30-minute drive. Overall, the franchise network […]
Arosa+LivHome continues to ride its fast-paced M&A wave into 2020. The company announced Tuesday that it has acquired Lifecare Innovations, a Burr Ridge, Illinois-based professional care management services provider. Financial terms of the deal were not disclosed. Backed by Bain Capital Double Impact, Arosa+LivHome was formed in October 2018 after the combination of two regional […]
LHC Group completes JV purchase, expansion agreements LHC Group Inc. (Nasdaq: LHCG) has hit the ground running in 2020. The Lafayette, Louisiana-based home health, hospice and personal care powerhouse announced Monday it has finalized joint venture purchase and expansion agreements in Texas, Arkansas and Louisiana. The transactions — all effective as of Jan. 1 — […]
AlayaCare announced Friday it has acquired Procura, a division of Complia Health and one of AlayaCare’s largest global competitors. Separately, The Pennant Group (Nasdaq: PNTG) also announced an acquisition of its own. For AlayaCare, the newly announced deal continues the Montreal-based company’s aggressive growth strategy and lays the groundwork for 2020, founder and CEO Adrian […]
Amedisys finalizes Asana Hospice deal Shortly after acquiring Compassionate Care Hospice in 2018 for $340 million, Baton Rouge, Louisiana-based home health giant Amedisys Inc. (Nasdaq: AMED) hinted at its desire to wade deeper and deeper into the hospice pool. The company has lived up to those plans ever since. On Thursday, Amedisys announced it closed […]
Care Advantage announced at the end of December that it acquired Team Nurse Inc. The acquisition may be new, but the relationship between the two companies is actually quite old. South Boston, Virginia-based Team Nurse, which operates across 17 locations in Virginia, was founded in 2000 after owner Steve Mize originally purchased two locations from […]
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 […]
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 […]