Home Health Industry Likely Headed for M&A Rollercoaster

If there’s one thing home health care providers can agree on when it comes to the Patient-Driven Groupings Model (PDGM), it’s that the new model is shrouded in uncertainty. Despite attempting to predict expected reimbursement changes and adapting operations accordingly, agencies won’t know exactly how PDGM will affect them until well after its Jan. 1 […]

Outsourcing Wave Continues as Pikeville Medical Agrees to Sell Home Health Division

Pikeville Medical Center — one of the largest hospitals in eastern Kentucky — announced last week that it’s selling its home health division to Home Care Health Services. In doing so, Pikeville joins the ever-growing list of hospitals outsourcing their home health operations to nearby agencies, often because of workforce or financial challenges. Financial terms […]

Tech-Powered Home Care Company Breathes New Life into HomeHero

A new technology-enabled home care company is breathing life back into HomeHero, the startup once heralded as an industry “disruptor” for its business model of directly matching consumers to caregivers. After raising a total of $23 million, HomeHero was forced to cease its operations in late 2016. The new tech-powered home care player is Family […]

JourneyCare Acquires Northwestern Memorial’s Home Health Line; LHC Group Finalizes AtlantiCare JV

JourneyCare adds home health JourneyCare — Illinois’ largest nonprofit community-based hospice and palliative care provider — is expanding into the home health space. To do so, the provider has purchased Northwestern Memorial HealthCare’s home health and hospice programs. Terms of the deal were not disclosed. Among its offerings, the Glenview, Illinois-based JourneyCare provides adult and […]

Medically Home Raises $10M; Tennessee Home Health Businesses Merge with BrightSpring

Hospital-at-home company raises $10M in Series B funding Medically Home — a Boston-based technology-enabled services company — has raised $10 million in Series B funding. The round was led by Cardinal Health and other investors. Founded in 2017, Medically Home brings hospital-level care into the home, sending clinicians, technology, equipment, medication and supplies directly to […]

CommonSpirit Health Turns to Contessa for Hospital-Level Care at Home

Chicago-based nonprofit CommonSpirit Health announced Monday it’s teaming up with hospital-at-home startup Contessa to bring acute-level care and other new services into the homes of its patients. Created in 2019 following the alignment of Catholic Health Initiatives and Dignity Health, CommonSpirit operates across 142 hospitals and more than 700 care sites in 21 states. In […]

Care Advantage Enters Two New States, Jet Health Moves into Hospice

Care Advantage expands into news states with acquisitions Care Advantage Inc. has broadened its footprint in Washington, D.C., and expanded into Maryland and Delaware for the first time following two new acquisitions. The private equity-backed personal care provider acquired Capital City Nurses and its sister company, Coastal Home Care, earlier this month. Financial terms of […]

[UPDATED] AccentCare to be Acquired by PE Giant Advent International

Global private equity firm Advent International has entered a definitive agreement to acquire AccentCare from its current PE-backer, Oak Hill Capital Partners. Financial terms were not disclosed. The acquisition is one of six home health PE deals announced so far this year, with fewer industry deals happening at a slower pace than in years past. […]

Breaking Down Ensign’s Home Health and Hospice Spinoff Plans

Mission Viejo, California-based The Ensign Group Inc. (Nasdaq: ENSG) unveiled plans Monday to spin off its home health, hospice and senior living businesses into The Pennant Group, a separate publicly traded company. Expected to close by the end of 2019, the Pennant spinoff will consist of 60 home health and hospice agencies and 51 senior […]

Bain Capital’s Arosa+LivHome Acquires Forever Young Home Care

Arosa+LivHome announced Monday it has acquired Forever Young Home Care, a move that expands its North Carolina footprint and adds further scale to the up-and-coming in-home care provider’s operations. Financial terms of the deal were not disclosed. Backed by Bain Capital Double Impact, Arosa+LiveHome was formed in October 2018 after the combination of two regional […]