For home-based care agencies, a lot has changed over the past two months. Their day-to-day has been uprooted, financial goals have been scratched and expectations for the future have been rewritten. Likewise, M&A plans have been disrupted — but not for all. For many, the coronavirus has thrown growth plans for a loop. For some, […]
Category: M&A
The evolution of Amedisys Inc. (Nasdaq: AMED) continues. The Baton Rouge, Louisiana-based home health, hospice and personal care provider announced early Monday morning that it has a deal in place to acquire AseraCare Hospice for $235 million. As structured, the agreement includes a $32 million tax asset, effectively lowering the overall purchase price to $203 […]
In a normal week, Rexanne Domico — president of home health care and rehabilitation at BrightSpring Health Services — might be back and forth between Charlotte, North Carolina, where she lives, and Louisville, Kentucky, where her company is headquartered. Or maybe she’d be hopping around the South, visiting BrightSpring’s newest locations, which the home- and […]
After somewhat of a down fourth quarter of 2019, home health care dealmaking is back on the upswing. That’s according to the latest M&A update from advisory firm Mertz Taggart. Overall, there were at least 13 transactions that included Medicare-certified home health companies in the first quarter of 2020, Mertz Taggart noted in its update. […]
The coronavirus has brought the U.S. economy and many of its industries to a screeching halt, so it’s not entirely surprising home health and home care dealmaking is expected to temporarily slow down amid COVID-19. But what will the pandemic mean for private equity firms, who came into 2020 with a record $1.5 trillion in […]
The impact of the coronavirus on home health and home care M&A activity is becoming clearer. Earlier this month, a handful of M&A experts told Home Health Care News that the global spread of COVID-19 had yet to seriously affect home health and home care dealmaking. It now appears likely that the ongoing pandemic — […]
Amid the ongoing COVID-19 pandemic, concern has started to bubble up to the surface over a potential disruption to in-home care M&A activity. For now, experts say it’s business as usual. But coronavirus could have some negative impact in the long-run. In fact, on Tuesday, S&P Global economists predicted a global recession for 2020, forecasting […]
Alignment lands $135 million in Series C Medicare Advantage (MA) startup Alignment Healthcare has deepened its pockets. The Orange, California-based MA player announced March 4 that it has raised $135 million in Series C funding, led by Fidelity Management & Research Company. Additional funding came from funds and accounts advised by T. Rowe Price Associates […]
The home health and hospice segment of The Pennant Group Inc. (Nasdaq: PNTG) has been a shining star ever since the company successfully spun off from The Ensign Group (Nasdaq: ENSG) about six months ago. But the coronavirus outbreak is now stealing some of the spotlight. Pennant leadership discussed overall company growth and the potential […]
BrightSpring Health Services is once again on the move. The goal: to create a multi-faceted, fully integrated health care powerhouse with a suite of services focused on the home. It’s been nearly one year exactly since global investment firm KKR and an affiliate of Walgreens Boots Alliance Inc. (Nasdaq: WBA) closed on their $1.32 billion […]