ModivCare expands into remote patient monitoring ModivCare Inc. (Nasdaq: MODV), a diversified health care services company with a large personal care business, has signed an agreement to acquire VRI Intermediate Holdings LLC, a provider of remote patient monitoring solutions. Under terms of the agreement, the Denver-based ModivCare will acquire 100% of VRI for a purchase […]
Category: M&A
Home-based care leaders are encouraged by the Choose Home Care Act of 2021’s introduction into the U.S. Senate — and what it could mean for the home health industry if it’s ultimately enacted. Brent Korte, Keith Myers and Susan Ponder-Stansel are among them. The trio spoke about the recently introduced legislation Monday at the National […]
Addus HomeCare Corporation (Nasdaq: ADUS) has remained laser focused on one goal for some time now: building out all three of its home-based service lines in markets where it is already present. That requires a strategic and aggressive M&A strategy, which Addus has executed in the past year. It plans to continue making moves in […]
Despite still reeling from COVID-19-related headwinds, Humana Inc. (NYSE: HUM) experienced better-than-expected results in its home and provider businesses during the second quarter of 2021. “Our strong operating performance this year is, in part, attributed to our strong partnerships with providers who are delivering high-quality care to our members,” Bruce Broussard, president and CEO of […]
ModivCare Inc. (NYSE: MODV), the non-emergency medical transportation (NEMT) company that’s quickly becoming a major player in the home-based care space as well, announced Monday plans to buy CareFinders Total Care for $340 million. Once the deal is finalized, ModivCare will initially combine the CareFinders business with its existing personal care capabilities from Simplura Health […]
Last September, ModivCare Inc. (NYSE: MODV) acquired the large personal care services provider Simplura Health Group for $575 million. Less than nine months later, ModivCare President and CEO Daniel Greenleaf shared a vision for growing his company to a $1 billion home-based care player with a true national footprint. ModivCare has now taken a giant […]
Choice Health at Home has acquired Alpha Home Health and Hospice, further increasing the company’s Oklahoma footprint. Financial terms of the deal were not disclosed. Alpha provides home health and hospice services through five locations in Ada, Ardmore, Oklahoma City, Norman and Pauls Valley. Meanwhile, Tyler, Texas-based Choice is home health, hospice and rehabilitation services […]
Help at Home — a private equity-backed provider of home- and community-based care — has acquired Community Care Systems (CCS). Financial terms of the transaction were not disclosed. Founded in the 1908s, the Illinois-based CCS will become part of the Help at Home network, adding 13 additional locations and nearly 6,000 new clients. With nearly […]
Two of the largest concierge-level caregiving, private nursing and care management firms in Houston, Texas, have joined forces. On Tuesday, Family Tree In-Home Care announced it has completed the acquisition of Evergreen Private Care of Houston in order to merge the operations of the two companies. The announcement echoes the increasing amount of consolidation happening […]
Rod Windley and Tony Strange have been in business with each other for decades. They continue to be partners today as the chairman and CEO, respectively, of Aveanna Healthcare (Nasdaq: AVAH). From The Healthfield Group Inc. and Gentiva Health Services, Kindred at Home’s predecessor, to Aveanna, Windley and Strange have helped build a handful of […]
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