Walgreens Jump-Starts ‘Walgreens Health’ by Investing $5.5 Billion in VillageMD, CareCentrix

Walgreens Boots Alliance (Nasdaq: WBA), the holdings company for pharmacy store giant Walgreens, announced two major investments in home-based care on Thursday. The investments kick off its new long-term growth strategy. The first is a $5.2 billion investment in VillageMD to advance an already significant partnership that began in 2019. Walgreens is also betting big […]

Best Buy Acquires At-Home Care Tech Platform Current Health

Best Buy (NYSE: BBY) has signed an agreement to acquire the home-focused technology platform Current Health in an effort “to help make home the center of health,” according to the company. Along with the likes of Amazon (Nasdaq: AMZN) and Walmart (NYSE: WMT), Best Buy has been one of the retail giants that has steadily […]

Pharos Capital Adds to Growing Home-Based Care Portfolio with THEMA Acquisition

Private equity firm Pharos Capital Group has acquired THEMA Health Services, a home health and palliative care provider that operates across Arizona. The financial terms of the transaction were not disclosed. Prescott, Arizona-based THEMA provides care services including home health, palliative care, and hospice in patients’ homes, skilled nursing facilities, and assisted living facilities. The […]

‘We’re Never Going Back to an Institution-First Model’: Home Care Veteran Ready to Lead New Aging-in-Place SPAC

A new blank-check company is hunting for aging-in-place businesses to take public. And unlike other senior care-related special purpose acquisition companies (SPACs) launched in the past year, this one — DTRT Health — is led by a well-known home care veteran with ample public experience. “There’s quite a number of fascinating public-ready companies of scale, […]

Transactions: LHC Group Expands Footprint; Senior Helpers Acquires New Corporate Store

LHC Group purchases Virginia providers The LHC Group Inc. (Nasdaq: LHCG) M&A run continues. The Lafayette, Louisiana-based company recently announced agreements to acquire Generations Home Health along with Freda H. Gordon Hospice and Palliative Care, both in Virginia Beach, Virginia. LHC Group expects $7 million in annual revenue from the deals. Plus, the purchases complement […]

Walgreens Boots Alliance Invests $970B in Shields to ‘Further Expand Its Health Care Reach in Communities’

Walgreens Boots Alliance (Nasdaq: WBA) plans to invest $970 million in Shields Health Solutions, which aids both hospitals and health systems with specialty pharmacy services. It’s another major move for Walgreens, which is trying to position itself as an all-encompassing health care behemoth prepared for the sector’s near- and long-term trends. The deal, which is […]

24 Hour Home Care Buys Non-Medical Division of Home Health ‘Bundling Expert’ GrandCare

Often in the home-based care field, transactions are driven by companies seeking to expand their service lines to become one-stop shops for referral partners. Sometimes, however, dealmaking is ignited by a desire to double down on existing expertise. An example of the latter M&A tactic happened Wednesday, with 24 Hour Home Care buying the non-medical […]

Transactions: The Pennant Group Buys Texas Hospice Provider; DispatchHealth Partners with Lee Health

The Pennant Group acquires Open Heart Hospice The Pennant Group Inc. (Nasdaq: PNTG) has purchased the assets of Amarillo, Texas-based Open Heart Hospice. The financial terms of the deal were not disclosed. As part of the agreement, Open Heart Hospice will operate under the name Kinder Hearts Hospice of Amarillo. The deal will allow Pennant […]