Almost Family, Inc., a national provider of home health care services, today announced it has signed a definitive agreement to acquire the stock of SunCrest HealthCare for $75.5 million—the largest acquisition in the company’s history. SunCrest, a provider of skilled home health and personal care services generated over $150 million in revenue in 2012. The […]
Category: M&A
Despite a rising number of healthcare deals in the third quarter, home health and hospice lagged the remainder of the health care services market, falling 44% year over year. Health care mergers and acquisitions increased at a rate of 13% year over year with long-term care services mergers outpacing that average at a rate of […]
Kindred Healthcare, Inc. (NYSE: KND) today announced it has entered into agreements to renew early its leases with Ventas, Inc. (NYSE: VTR) for 48 properties comprising transitional care hospitals and nursing centers. Kindred will renew the existing leases for three transitional care hospitals and 15 nursing and rehabilitation centers for an additional five year term […]
Interim HealthCare Inc., a national network of home care, hospice and health staffing franchises, has gone global with the acquisition of UK-based Bluebird Care Franchises Limited. Founded in 2004, Bluebird Care has more than 180 franchise operations which provide non-medical care services in England, Wales, Scotland, Northern Ireland and the Republic of Ireland. The acquisition […]
East Coast-based home health provider Preferred Home Health & Nursing Care Services today announced it is boosting its market presence through the acquisition of Acelleron Medical Products. The acquisition of Acelleron, a Massachusetts-based durable medical equipment provider, Preferred plans to expand its home health care reach into New England. “We are very happy to bring […]
Kindred Healthcare (NYSE:KND) announced today that it has signed into a definitive agreement with Dignity Health to create a joint venture to expand home health services in San Bernardino, California. “We look forward to working with Dignity Health and Community Hospital’s team of experienced healthcare professionals,” said Paul J. Diaz, chief executive officer, Kindred Healthcare, […]
Kindred Healthcare, Inc. (NYSE: KND) announced today that it has signed into definitive agreements to build and acquire several home health and hospice businesses. Kindred plans to open a new 120-bed transitional care center in Phoenix, Arizona, on the campus of IASIS Healthcare’s St. Luke’s Medical Center. The center will specialize in intensive short-term rehabilitation […]
Watertown, New York-based Samaritan Medical Center (SMC) will soon enter an agreement with HCA/Genesis, Inc. to manage Genesis Home Health Care. The agreement will remain in place until a final purchase agreement and certificate of need is approved by the New York State Department of Health, when the home healthcare agency will become a Samaritan […]
Health care merger and acquisition activity spending fell by 50% in the first quarter of 2013, according to Irving Levin Associates, Inc. (ILA). Deal volume was down 33% compared to the previous quarter, with 204 deals announced. The quarter also dropped 31% from what it was a year ago, according to ILA, when 295 deals […]
Regulatory cutbacks might have cooled M&A activity for traditional Medicare home care businesses, but things might just be heating up on the hospice side. Given the federal sequestration earlier this year and reimbursement cuts playing critical roles in the market’s recent lull, industry experts agree that the home health M&A market will experience smaller scale […]
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