BrightSpring Health Services Files To Go Public For The Second Time

BrightSpring Health Services officially filed plans for an initial public offering Tuesday. The home- and community-based services provider first planned to go public in 2021, but ultimately decided against it. Now, those plans are full speed ahead yet again. “With over 40 years of experience caring for ‘must-serve’ client and patient populations, we deliver care […]

The Top 10 Home Health Care News Stories Of 2023

In the first year that truly felt “post-COVID,” home-based care providers did not see a shortage of challenges. Instead, in 2023, home health providers saw another year defined by payment struggles, with both the Centers for Medicare & Medicaid Services (CMS) and Medicare Advantage (MA) plans. Home care providers, meanwhile, were still grappling with high […]

A Lukewarm Home Health, Hospice Dealmaking Year Comes To A Close

Following consecutive record years for health care transactions, 2023 was a comparatively lukewarm time for home health and hospice dealmaking activity. That’s according to a recent report from PwC. Specifically, there were 95 home health and hospice deals in the 12 months examined by PwC, which ended on Nov. 15., compared to 114 during the […]

From $40M to $400M: How HouseWorks Dramatically Grew Its Business in 12 Months

One of the most well-established independent home care companies in the nation is heading into the new year with a new identity – and a much larger overall business. Just a few years ago, the Greater Boston-based HouseWorks brought in about $25 million in annual revenues, with nearly all of that coming from private-pay home […]

Transactions: HIG Growth Partners Sells Just Home Healthcare Services; The Pennant Group Buys Southwestern Palliative Care and Hospice

HIG Growth Partners finalizes sale of Just Home Healthcare Services H.I.G. Growth Partners — a growth capital investment affiliate of investment firm H.I.G. Capital — has sold portfolio company Just Home Healthcare Services. In April, H.I.G. Growth Partners sold Just Home Healthcare Services’s personal home care and adult day health business segments to Honor Health […]

The M&A Balancing Act: The Risks Of Lightning-Fast Home Care Growth And How Operators Can Avoid Overwhelming Their Business

Home care providers looking to grow need to follow meticulous planning and have realistic goals. Failure to follow that guidance could mean serious operational challenges down the road. During the public health emergency, when more attention was being paid to alternative settings for long-term care, the home care industry saw record-breaking volume and valuations. Seeing […]

The Vistria Group, Centerbridge Partners Reportedly Weighing Help at Home Sale

The Vistria Group and Centerbridge Partners are “weighing options” around the future of Help at Home, including a potential sale. Bloomberg first reported the news late Tuesday, citing “people with knowledge of the matter.” Based in Chicago, Help at Home is one of the largest providers of home- and community-based services (HCBS) in the country. […]

Cigna Group, Humana Suspend Negotiations Around A Potential Combination

Cigna Group (NYSE: CI) and Humana Inc. (NYSE: HUM) are reportedly no longer in deal talks. The two parties could not agree on a fair price, and there was also shareholder disinterest in a potential combination. The Wall Street Journal first reported on the suspension of talks on Sunday. Together, the two companies would have […]