Dealmaking remained relatively quiet in home health, home care and hospice in the third quarter. A variety of trends – both micro and macro – contributed to that. Overall, there were 25 total deals reported, according to data from the M&A firm The Braff Group. That quarterly number is in line with the first and […]
Category: M&A
Option Care Health (Nasdaq: OPCH) came out on the losing end of a bidding process for Amedisys Inc. (Nasdaq: AMED) earlier this year. The winner of that process, of course, was UnitedHealth Group’s (NYSE: UNH) Optum. That transaction is still pending, but will likely be finalized in the first half of 2024. Before Optum came […]
Elara Caring acquires American Family Home Health Elara Caring has acquired American Family Home Health, a Huntley, Illinois-based home health care provider. “In agreeing to be acquired by Elara, American Family Home Health is passing the baton to an organization that has demonstrated its full commitment to high-quality, compassionate patient care,” Ren Pillai, administrator at […]
Everyone in home-based care wants to get further into value- and risk-based contracting. No one can agree on the best way to do so. Some providers believe that honing in on just one or two core service lines – like home health and hospice care, for example – is the best way to go. Others […]
Sharecare Inc. (Nasdaq: SHCR) – a large digital health company that owns the home-based care coordinator CareLinx – confirmed last week that it had received an unsolicited acquisition proposal from Claritas Capital. Specifically, Claritas Capital’s proposal included an acquisition of all of the outstanding shares of Sharecare common stock “for cash consideration of between $1.35 […]
Amid reimbursement uncertainty in Medicare-certified home health, investors are slowly shifting focus to other home-based care types. This shift, while not a radical departure, is something stakeholders are keeping an eye on heading into 2024. “I think we’re already seeing a little bit of that,” Rebecca Springer, lead health care analyst at PitchBook, told Home […]
Well Care Health is divesting its personal home care division to Avid Health at Home. For Well Care Health, it’s an opportunity to capitalize off of the demand for its well-established home care footprint, while also focusing on a new strategic direction moving forward. “There’s a couple of drivers behind [the move],” Well Care Health […]
Earlier this week, Enhabit Inc. (NYSE: EHAB) stock tumbled after the company entered into a limited waiver agreement with Wells Fargo Bank (NYSE: WFC). “As we work with our advisors and prospective strategic partners as part of our strategic review, out of an abundance of caution we chose to proactively reach out to our bank […]
Lawmakers are hoping to direct further scrutiny toward UnitedHealth Group’s (NYSE: UNH) pending deal of the home health giant Amedisys Inc. (Nasdaq: AMED). Specifically, Sen. Elizabeth Warren (D-Mass.) and U.S. Rep. Pramila Jayapal (D-Wash.) have asked antitrust regulators to take a closer look. “We urge DOJ and FTC to closely scrutinize UnitedHealth’s proposed acquisition of […]
During an acquisition process, there are obvious boxes that need to be checked on the buyer and seller sides. On the buyer side, that due diligence includes checks around financials, compliance and a whole lot of other numbers. But one factor that can fly under the radar is employee tenure. “Tenure is a very important […]
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