The M&A market is heating up again now that uncertainty tied to the COVID-19 crisis is waning. Another factor that could increase transactions and shift the market, though, has nothing to do with home-based care. Instead, it’s President Joe Biden’s proposed increase to the capital gains tax. Broadly, a capital gains tax is applied to […]
Medalogix was already one of the market leaders in home health predictive analytics. It has now gotten what appears to be another boost. That boost comes in the form of three new developments: a merger, a private equity investment and an investment from yet another publicly traded home health care giant. On Wednesday, the Chicago-based […]
The post-acute care space has been undergoing a wave of consolidation for the past few years. And as more providers come together, the businesses that serve them are beginning to do the same. The newest example of that trend came Tuesday, when the Connecticut-based Simione Healthcare Consultants and Pennsylvania-based BlackTree Healthcare Consulting revealed plans to […]
Special purpose acquisition companies (SPACs) have risen to immense popularity in the past 12 months. Many are becoming more intrigued by senior-focused investments as well. Ultimately, that could lead to a shift in the home-based care M&A environment. SPACs — sometimes referred to as “blank-check companies” — offer an alternative to the traditional route of […]
HouseWorks — the large, independent home care organization that also runs a home-modification business — is adding another important senior care tool to its toolbox. The Boston-based HouseWorks announced Monday that it has acquired Intervention Associates, a care management company that currently serves the Greater Philadelphia area. Financial terms of the acquisition were not disclosed. […]
AMN scoops up Synzi Staffing powerhouse AMN Healthcare Services Inc. (NYSE: AMN) has completed its $42.5 million all-cash acquisition of full-service virtual care management company Synzi. The Dallas-based AMN offers workforce and staffing solutions across the health care continuum, from acute care hospitals and urgent care centers to home health agencies. It also delivers its […]
In April, home care provider Family Tree In-Home Care acquired HomeCare of the Rockies. And while it seems like just another transaction, from the buyer’s perspective, it was anything but. The acquisition was Family Tree’s first since the pandemic began. Its growth strategy plans were severely delayed by the COVID-19 crisis, but the trends in […]
Encompass Health Corp. (NYSE: EHC) is actively evaluating ways to strategically reposition its home health and hospice segment, which also needs a new leader. The search is under way for that new segment CEO, with current CEO April Anthony — its original founder — set to step down in June. Even with all of that […]
Amedisys Inc. (Nasdaq: AMED) expected to do plenty of dealmaking heading into 2020 and Year 1 of the Patient-Driven Groupings Model (PDGM). Those plans, however, were largely put on pause for the Baton Rouge, Louisiana-based home health, hospice and personal care services company due to the COVID-19 pandemic. While Amedisys remained active on the M&A […]
Even though InnovAge (Nasdaq: INNV) is already one of the largest Program of All-Inclusive Care for Elderly (PACE) providers in the U.S., the company has plans to go after an even bigger piece of the pie. Maureen Hewitt, president and CEO of InnovAge, talked about the company’s multi-pronged growth strategy on Monday during a conference […]
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