WellSky announced Tuesday it has entered into an agreement to acquire CarePort Health from Allscripts Healthcare Solutions (Nasdaq: MDRX), a health care information technology provider. The deal is for $1.35 billion, according to Allscripts. WellSky is an international software and professional services company with clients that include home health providers, hospital systems, blood banks, labs, […]
Category: M&A
Charter Health Care Group — a PE-backed post-acute care platform company with multiple locations across five states — announced Tuesday the acquisitions of both Vitality Home Healthcare and Heartwood Home Health & Hospice. The news comes less than two weeks after Bridges Health Services similarly announced a series of transactions at the start of October. […]
Clover Health recently announced that it will go public through a merger with a special purpose acquisition company (SPAC), Social Capital Hedosophia Holdings Corp. III. “Going public will enhance our ability to execute on our mission of improving every life, providing significant capital for the company to scale and improve health outcomes for seniors across […]
Bridges announces series of mergers Los Angeles-based Bridges Health Services has announced a series of new merger agreements. In Nevada, Bridges will join forces with Las Vegas-based home health and hospice companies Gentlecare Home Health and Renaissance Hospice. Meanwhile, in California, the provider will merge with Supreme Healthcare Inc. and Supreme Hospice Inc. All merger […]
Alivia Care Inc., a new operator in the senior care space, has plans to enter the home health market. Launched at the end of September, Alivia currently provides hospice and palliative care throughout the Jacksonville, Florida, area. The company’s history is tied to Community Hospice & Palliative Care, which now provides care as Alivia’s subsidiary, […]
Among its many impacts, the COVID-19 emergency signaled the decentralization of health care and the disruption of M&A activity. When it comes to post-acute care, skilled nursing facilities (SNFs) and other institutional care settings additionally saw patients migrate into the home in order to avoid the spread of the virus. Amedisys CEO and President Paul […]
The Providence Service Corporation (Nasdaq: PRSC), one of the nation’s largest managers of non-emergency medical transportation programs, has entered into a definitive agreement to acquire home-based care organization Simplura Health Group. Expected to close in the fourth quarter of this year, the all-cash transaction places an enterprise value of $575 million on Simplura, which is […]
Dealmaking rumors continue to swirl this week. In the latest piece of M&A gossip, Anthem Inc. (NYSE: ANTM) is reportedly in “late-stage” talks to acquire the PE-backed CareCentrix, according to PE Hub. Rumors of a possible CareCentrix deal come just days after reports surfaced about Centerbridge Partners and Vistria Group going after Wellspring Capital Management’s […]
The M&A rumor mill is starting to heat up in the home-based care space. On Friday, reports surfaced that Centerbridge Partners and Vistria Group are teaming up on a $1.4 billion deal for Wellspring Capital Management’s Help at Home. The rumored deal is valued off of EBITDA in the $110 million to $120 million range, […]
The Pennant Group Inc. (Nasdaq: PNTG) announced Wednesday that it has acquired CMS Home Health Care, a Texas agency with locations in Brownwood and Coleman. “With sister operations in Abilene, Austin and Dallas, this off-market acquisition is an excellent strategic fit for our burgeoning Texas portfolio of home health and hospice operations,” Pennant Group CEO […]