The ever-present and impending funding cuts to the home health industry have yet to signal that the sky is falling, but while some providers may be feeling the strain financially, others are more optimistic of the future to come—with short term consolidation in the meantime. Regulatory cuts to home health Medicare payment rates, such as […]
Category: M&A
Following its acquisition of a Tampa-area home health agency last month, Greystone Healthcare Management Corp. is expanding its presence in the Sunshine State with the purchase of a skilled-nursing facility (SNF) in Melbourne, Florida. Greystone, which manages healthcare facilities and home health agencies in Florida and Ohio, Monday announced the acquisition of Wuesthoff Progressive Care […]
A company that manages senior living communities in Ohio and Florida is expanding its footprint in The Sunshine State with the acquisition of a Tampa-area home health agency. Greystone Healthcare Management Corp., which manages skilled nursing, assisted living and home health communities in Ohio and Florida, announced Tuesday the signing of a definitive agreement to […]
Home health solutions provider Signature Hospice, Home Health and Home Care recently acquired XL Hospice, a company that provides hospice, primary care, and palliative care consultation services throughout Idaho and Nevada. “We are very excited to welcome XL Hospice to our family of companies,” said Bob Thomas, PT, President of Signature Hospice, Home Health and […]
A $1.6 billion acquisition could be in the works between two of the home health industry’s largest players as Kindred Healthcare, Inc. (NYSE:KND) sets its sights to acquire Gentiva Health Services, Inc. (NYSE:GTIV). Under the proposal, Kindred would acquire all of the outstanding shares of common stock of Gentiva for a combination of $7.00 per […]
New York-based Wellspring Capital Management LLC is seeing a valuable investment opportunity in Great Lakes Caring Home Health & Hospice, a Jackson, Michigan-based post-acute care services provider. Great Lakes Caring announced Tuesday that Wellspring will be the company’s new equity partner, replacing Pouschine Cook Capital Management, which has been a partner to the home […]
Kindred Healthcare Inc. (NYSE:KND) reported 2% revenue growth in the first quarter ended March 31, 2014 boosted by newly acquired home care businesses along with improved margins in its rehabilitation and nursing care divisions. Consolidated revenues for the first quarter increased 2% to $1.3 billion compared to last year. Income from continuing operations grew to $16.8 […]
Home health and hospice M&A activity took a hit in the first quarter of 2014, dropping 40% from the previous quarter, according to an Irving Levin report on M&A in the health care industry. The sector’s six deals marks a decline from 10 in the fourth quarter of 2013, along with a 33.3% decrease from one […]
An Ohio health services company is ramping up its home care and hospice presence with the acquisition of Indiana-based operations this week. It will target new growth through partnerships with local communities and long term care providers. ViaQuest, based in Dublin, Ohio, announced it has acquired the Indiana operations of TriStar Home Health and Hospice—a […]
Lutheran Life Villages, a faith-based provider of retirement living services of Fort Wayne, Indiana, said Wednesday that it will merge its home care division with a company specializing in dementia care services. The merger with Birchwood Inc. will further strengthen Lutheran Life Villages’ service offerings in Northeast Indiana, the company stated on its website. “We are […]
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