HouseWorks Acquires Caring Friends Home Care, LifeCare Health Pursues Rebranding

Massachusetts home care company enters Philadelphia market Private-pay in-home care company HouseWorks LLC has acquired Caring Friends Home Care. The acquisition propels the Massachusetts-based HouseWorks into the Philadelphia market, while positioning the company for future growth throughout Pennsylvania. Financial terms of the acquisition were not disclosed. HouseWorks, which is backed by health care investor RAB […]

PE-Backed Simplura Health Group Completes Personal In-Home Services Acquisition

Less than a month into 2019, it’s already safe to say private equity’s interest in home care opportunities likely won’t slow down in the new year. On Wednesday, PE-backed Simplura Health Group closed on its acquisition of Personal In-Home Services, propelling Simplura into the West Virginia market and expanding its footprint to six states in […]

ComForCare Brings Brands Together Under New Platform Company

Home care giant ComForCare has announced the creation of a new platform company to unify its brands. Going forward, Best Life Brands will encompass ComForCare, fellow home care franchise company At Your Side, senior placement organization CarePatrol and any future acquisitions. Owned by New York-based private equity firm Riverside Company, ComForCare operates on a franchise […]

PE-Owned Hospice Giant Compassus Reportedly Considering a Sale

Private equity-backed Compassus could soon be up for sale, according to a Jan. 8 report from PE Hub. PE Hub cited “three people familiar with the matter” for its article, which claims Compassus has tapped an advisor from Jefferies Financial Group to help the company prepare for an upcoming sales process. Jefferies had no comment […]

Home Health Care Likely to See Booming Investment Interest in 2019

Home health care is projected to be one of the hottest health care sectors for growth and investment in 2019. That’s according to an investment outlook survey from professional services firm KPMG and health care intelligence business Leavitt Partners. As part of the survey, researchers polled 175 healthcare CFOs, investment bankers and private equity executives […]

Bain’s Home Care Group Makes First Acquisition, Eyes Further Growth

Bain Capital Double Impact’s newly formed home care group is expanding less than three months after its creation. And Arosa+LivHome’s growth won’t stop there. Grayslake, IL-based Partners in Senior Care is the provider’s newest addition. Financial terms are not being disclosed. Nor is information about whether the company will rebrand or change its name.   […]

Homewatch CareGivers Harnesses Private Equity Capital to Shine in Hyper-Competitive Market

Under Julie Smith’s leadership, Homewatch CareGivers has transformed from being a family owned home care franchisor to being backed by private equity — but that only tells part of the story. The company — which encompasses more than 190 locations — was acquired by Authority Brands, a portfolio company of PNC Riverarch Capital, in 2017, […]

Why India’s Home Health Start-Ups Are Raising Serious Funding

Home care startups have been bringing in serious capital in recent years, both in the United States and abroad. India in particular has been a hot market, and a closer look reveals that while the country is different from the U.S. in some key regards, some of the same factors–including demographics, industry fragmentation and mobile […]

Epic Merges with PSA to Create Pediatric Home Health Powerhouse

Epic Health Services, the nation’s largest pediatric-focused home care company, is merging with PSA Healthcare to achieve even greater scale. The new entity will be an affiliate of Bain Capital Private Equity, which acquired Epic in late 2016. Epic, based in Dallas, also provides adult home care. Its footprint prior to the PSA merger spanned […]