The home health dealmaking train keeps on rolling, with the latest transactions coming from Amedisys Inc. (Nasdaq: AMED) and Charter Health Care Group, a private equity-backed post-acute care provider. On Wednesday, the Baton Rouge, Louisiana-based Amedisys announced it signed a definitive agreement to acquire the regulatory assets of a home health provider operating in Randolph […]
Category: M&A
Home care M&A experts knew that the dealmaking dominoes would start to tumble in 2021, pushed over by the recent agreement between Senior Helper and Advocate Aurora Enterprises. They didn’t know how fast that chain reaction would be, however. On Thursday, H.H. Franchising Systems Inc. — the Cincinnati-based company that operates Home Helpers Home Care […]
The recent upswing in home care dealmaking activity driven by private equity continues. It appears PE buyers are starting to get more collaborative, too. On Tuesday, a consortium of private equity firms came together to acquire Aging With Comfort, an independently owned Philadelphia-based home care agency that provides personal care assistance for elderly and disabled […]
Last week, the investment arm of Advocate Aurora Health acquired Senior Helpers, the giant home care franchise organization that domestically operates across 44 states. Advocate Aurora Enterprises pulled the trigger on the Maryland-based Senior Helpers as part of its three-pronged investment thesis around aging, parenthood and well-being. According to a report from PE Hub, Advocate’s […]
In late February, HCA Healthcare (NYSE: HCA) announced it had entered into a definitive agreement to acquire a majority stake in Brookdale Senior Living’s (NYSE: BKD) home health and hospice business. A for-profit operator of health care facilities like HCA wanting to ride home health tailwinds isn’t surprising. But HCA is a completely new — […]
Mission Healthcare has acquired Loma Linda University Medical Center Home Health in Southern California. Loma Linda University Medical Center Home Health is a part of Loma Linda University Health, which includes eight professional schools, six hospitals and a network of more than 900 faculty physicians. Meanwhile, San Diego, California-based Mission Healthcare is one of the […]
Aveanna Healthcare Holdings Inc. — a large and rapidly growing in-home care company that historically has specialized in caring for complex pediatric patients — is attempting to go public. The Atlanta-based home health provider announced plans to raise $100 million in an initial public stock offering on Thursday. In its paperwork, Aveanna also revealed an […]
After announcing that it has aspirational growth plans for 2021, The Pennant Group Inc. (Nasdaq: PNTG) delivered on Thursday, as it announced the acquisition of a Colorado home health agency. The Eagle, Idaho-based Pennant Group is the parent company of affiliated home health, hospice and senior living companies. Included in its network are 84 home […]
One of the largest home care organizations in the country has been acquired by one of the nation’s biggest health systems. Advocate Aurora Enterprises — the recently established subsidiary of Midwest-based Advocate Aurora Health, one of the 12 largest not-for-profit, integrated health systems in the U.S. — announced Thursday it has acquired Senior Helpers. The […]
Anthem Inc. (NYSE: ANTM) is bolstering its home-based care capabilities. The Indianapolis-based health insurer announced Wednesday that it has entered into an agreement to buy myNEXUS Inc., a technology-enabled company that manages home-based care for payers. Financial terms of the agreement were not disclosed. “Providing timely care for members in their homes allows for both […]
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