Pennant adds end-of-life care provider The Pennant Group Inc. (PNTG) has acquired the assets of First Call Hospice, an end-of-life care provider that operates in Sacramento, California. Financial terms of the acquisition, effective June 16, were not disclosed. The Eagle, Idaho-based Pennant is the parent organization of a group of affiliated home health, hospice, home […]
Category: M&A
Help at Home — a provider of home- and community-based services (HCBS) — is considering going public. The Chicago-based company has even selected banks to help it prepare for an IPO later this year, Bloomberg News reported. More providers are considering public exits thanks to an increasing demand for home-based care, promising outlooks for public […]
A group of private equity firms have reached an agreement to acquire a controlling stake in Medline Industries Inc., a major player in the medical-supply space that works across the continuum of care. Announced Saturday, the deal reportedly places a $34 billion enterprise value on the Northfield, Illinois-based Medline. While the megadeal likely won’t directly […]
Bayada’s new home health JV Bayada Home Health Care and VCU Health System have formed a new home health and hospice joint venture in Richmond, Virginia. The new company, named “VCU Health at Home by Bayada,” is expected to start accepting patients within the next six to nine months. The enterprise will serve patients in […]
The COVID-19 public health emergency has solidified the home as a viable and effective care setting. That, in turn, has led to meaningful opportunities for home-based care providers, especially those with diversified service lines. Addus HomeCare Corporation (Nasdaq: ADUS) is a prime example. The company’s leadership team discussed the pandemic and its lasting impacts during […]
In-home care powerhouse LHC Group Inc. (Nasdaq: LHCG) has reached an agreement to acquire Heart of Hospice, an end-of-life care provider with locations in five states. Financial terms of the deal were not disclosed. The transaction announcement comes a week after LHC Group unveiled similar plans to buy Idaho-based Heart ‘n Home Hospice for an […]
Funds advised by Searchlight Capital Partners have reached an agreement to acquire a majority stake in Care Advantage, one of the largest in-home care companies in the Mid-Atlantic region. Terms of the transaction were not disclosed. Founded over three decades ago, Care Advantage offers a range of in-home care services to patients across Virginia, Maryland, […]
Fresh off of its market debut last month, Aveanna Healthcare Holdings, Inc. (Nasdaq: AVAH) is throwing its weight behind home health. Since going public, the company has made moves to position itself as a major player within the home health space. Aveanna plans to aggressively pursue home health M&A opportunities, Rod Windley, executive chairman of […]
DispatchHealth partners with two new health systems The in-home medical care provider DispatchHealth on Tuesday announced partnerships with Eastern Connecticut Health Network (ECHN) and Waterbury Health. The partnerships revolve around bringing patients same-day, at-home medical care. Denver-based DispatchHealth partners with health systems and payers to offer an array of services within the home. The company’s […]
Zing Health Enterprises, a Chicago-based Medicare Advantage (MA) provider, has announced plans to expand to over 30 additional states through its pending acquisition of Lasso Healthcare. The two entities ultimately aligned on a deal because of their like-minded approach, according to Dr. Eric Whitaker, the CEO and founder of Zing Health. Lasso Healthcare and Zing […]