LiveWell Partners acquires Michigan Community VNA Home Health and Hospice LiveWell Partners acquired Michigan Community VNA Home Health and Hospice, expanding LiveWell’s home-based care footprint in Michigan and marking the company’s third acquisition in the state. “Michigan Community VNA has a long history of serving patients and families with compassion and excellence, and we’re honored […]
In-home care provider Avid Health at Home has acquired Tech Medical Home Care Services, a provider of home health and personal home care services. The deal expands Avid’s footprint into two new states and is the company’s eighth acquisition. “Tech Medical has a strong local team, deep community roots and a strong commitment to quality […]
Private equity firms Afterburner Capital and Council Capital have exited their investment in Advanced Care Partners (ACP), a provider of home care and private duty nursing services. The firms exited after eight years, during which time ACP expanded into new markets and created strong presences in Georgia and Florida, according to the companies. “ACP’s success […]
Growth and private equity firm General Atlantic has acquired TEAM Services Group from Alpine Investors for $3 billion, according to Bloomberg. The deal, completed last week and not publicly announced at the time of signing, values TEAM Services at approximately 10x EBITDA, the outlet reported, citing an unnamed source with knowledge of the deal. The […]
2025 was characterized by significant uncertainty across the home-based care landscape. Providers grappled with uncertainties surrounding the transition to a new presidential administration, potential changes to Medicare home health payment rates and the prospect of deep cuts to the federal Medicaid budget. As providers and advocacy groups worked to navigate a wave of consequential policy […]
CareCentrix, a home care services provider formerly owned by Walgreens Boots Alliance (Nasdaq: WBA), is now an independent, privately held company. This transition was triggered by the $22 billion acquisition of Walgreens by private equity firm Sycamore Partners, which was finalized on Thursday. The separation of CareCentrix into an independent company restores its original ownership […]
Private-duty nursing has become an attractive target for private equity (PE) investors. However, a new report states that care quality and market competition could suffer as a result. The report by the nonprofit watchdog group Private Equity Stakeholder Project (PESP) emphasizes the ongoing issues faced by private-duty nursing agencies, including persistent labor shortages and low […]
HCAP Partners announced Tuesday that it successfully exited its investment in Arosa. The private equity firm helped the in-home care company expand from a regional provider in four states to 38 locations across 13 states, including a new location in Kansas City to serve Kansas and Missouri residents. “HCAP backed Arosa at its pivotal moment […]
A prediction from an analyst, in January, that called the sale of Walgreens Boots Alliance Inc. (Nasdaq: WBA) to the PE firm Sycamore Partners “less likely” has been proven false, as news emerged that a deal has been inked. On Thursday, Walgreens announced that it entered into an agreement to be acquired by Sycamore Partners. […]
Home health agencies (HHAs) owned by private equity (PE) firms tend to outperform agencies not owned by PE in certain metrics while lagging in others. That’s according to a recent study by Mohammad Ishtiaque Rahman, an assistant professor of computer information systems at Thomas More University in Crestview Hills, Kentucky. The analysis found that HHAs […]
