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. […]
Category: Private Equity
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 […]
In recent years, Choice Health at Home has shaped up to be a company to watch in the home health space, and Trive Capital is one of its backers. Based in Dallas, Trive Capital is a private equity firm that has increasingly invested in the health care space. Brad Wiginton, managing director and head of […]
Private equity’s influence in home-based care and health care at large has been exaggerated. But the active health care firms still play an important role. Pitchbook estimates that PE-backed providers represent 3.3% of the U.S. health care provider ecosystem by revenue. There are at least 73 PE-backed home-based care providers, according to Pitchbook, which represents […]
Private equity money plays a part in the U.S. health care system, as well as in home-based care. But PE firms have much less influence and ownership of the provider world than most outsiders likely believe. This idea was laid out by Rebecca Springer, the lead health care analyst at Pitchbook, in a new report. […]
While some private equity investors have been sidelined by macro and micro headwinds, there are still plenty of PE firms invested in home-based care that like where they are. On the Medicare-certified home health side, one factor that may have made investors hesitant to enter the space is the challenging payment landscape. Despite this, Kaltroco […]
Three years after being acquired by Advocate Aurora Health, Senior Helpers has a new home. The personal care company has been sold to Waud Capital, a Chicago-based middle-market private equity firm. Senior Helpers declined to disclose the transaction purchasing price. The wheels for the acquisition began turning following Advocate Aurora’s merger with Atrium Health in […]
The private equity company Nautic Partners has completed one of the first PE-driven deals of 2024. Announced Tuesday, the firm is acquiring the McKinney, Texas-based Angels of Care from Varsity Healthcare Partners. “I am extremely grateful to the entire VHP team for their extensive capital, operational and strategic support, which was instrumental in enhancing the […]
The home- and community-based services provider BrightSpring Health Services once again is planning to go public. Backed by the PE firm KKR, BrightSpring originally planned to raise $800 million in an IPO. In November of 2022, it ultimately decided against that course of action. Now, an IPO – this time with a goal of raising […]
The Vistria Group, a Chicago-based private equity firm, believes in home-based care’s value. Its investments back that up. Over the years, the company has built a diverse portfolio of home-based care assets that include home health and home care providers, vendors and a management services company. Specifically, those assets include Help at Home, Mission Healthcare, […]
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