Nearly every industry in the country is feeling the impact of the COVID-19 virus in one way or another. And the home-based care space is far from immune. However, the in-home care M&A landscape remains relatively strong. While deal activity will undoubtedly slow as a result of the coronavirus, the future looks bright, according to […]
Category: M&A
An international private equity fund that aims to make a social impact with its investments is now tying itself to home health care in the U.S. London-based Bridges Fund Management was started overseas in 2002. Now, its U.S. Sustainable Growth Fund is making its mark domestically as a lower- to middle-market private equity fund that […]
The coronavirus may have pressed pause on the home health industry consolidation some saw coming in 2020, but there’s a decent chance the stoppage will prove short-lived. Currently, the home health market is made up of thousands of individual agencies, many of which are mom-and-pop shops with annual revenues around $1.5 million or less. The […]
In the first quarter of 2020, LHC Group Inc. (Nasdaq: LHCG) boasted organic growth of 7.1% in home health admissions. That metric becomes more impressive when one considers the fact that the coronavirus drastically slowed home health admissions industry wide starting in mid-March. Before the virus took hold, LHC Group enjoyed even better organic home […]
For home-based care agencies, a lot has changed over the past two months. Their day-to-day has been uprooted, financial goals have been scratched and expectations for the future have been rewritten. Likewise, M&A plans have been disrupted — but not for all. For many, the coronavirus has thrown growth plans for a loop. For some, […]
The evolution of Amedisys Inc. (Nasdaq: AMED) continues. The Baton Rouge, Louisiana-based home health, hospice and personal care provider announced early Monday morning that it has a deal in place to acquire AseraCare Hospice for $235 million. As structured, the agreement includes a $32 million tax asset, effectively lowering the overall purchase price to $203 […]
In a normal week, Rexanne Domico — president of home health care and rehabilitation at BrightSpring Health Services — might be back and forth between Charlotte, North Carolina, where she lives, and Louisville, Kentucky, where her company is headquartered. Or maybe she’d be hopping around the South, visiting BrightSpring’s newest locations, which the home- and […]
After somewhat of a down fourth quarter of 2019, home health care dealmaking is back on the upswing. That’s according to the latest M&A update from advisory firm Mertz Taggart. Overall, there were at least 13 transactions that included Medicare-certified home health companies in the first quarter of 2020, Mertz Taggart noted in its update. […]
The coronavirus has brought the U.S. economy and many of its industries to a screeching halt, so it’s not entirely surprising home health and home care dealmaking is expected to temporarily slow down amid COVID-19. But what will the pandemic mean for private equity firms, who came into 2020 with a record $1.5 trillion in […]
The impact of the coronavirus on home health and home care M&A activity is becoming clearer. Earlier this month, a handful of M&A experts told Home Health Care News that the global spread of COVID-19 had yet to seriously affect home health and home care dealmaking. It now appears likely that the ongoing pandemic — […]
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