Last year, home-based care M&A was up by dollar amount and down by volume. CVS Health’s (NYSE: CVS) $8 billion pending deal for Signify Health (NYSE: SGFY) and UnitedHealth Group’s (NYSE: UNH) pending deal for LHC Group Inc. (Nasdaq: LHCG) made sure of the former. While 2021 was an outlier year from an M&A perspective, […]
InTandem Capital Partners LLC, a health care services-focused private equity firm, has completed a strategic equity investment in HouseWorks. Both organizations declined to reveal financial details, but did confirm that it was a majority investment. “As a growing organization, partnering with InTandem Capital allows the company to expedite our growth goals, leveraging their deep expertise […]
BrightSpring Health Services – a large home- and community-based services provider – is not going through with its planned IPO, according to an S-1 filing. Backed by the PE firm KKR and Walgreens Boots Alliance (Nasdaq: WBA), the company had initially filed the paperwork for an IPO that was expected to raise close to $800 […]
The public perception of private equity (PE) firms is not always rosy, but for health care providers – especially founder-led ones – they can sometimes be a proverbial knight in shining armor. Innovation, expansion and financial freedom can all be achieved through the backing of a PE firm. Like most things in the world, home-based […]
Home care executives are expecting a few separate things to shake up the market in the coming years. Among those are an increase in franchising, more private equity involvement and innovation to keep pace with higher costs. Consolidation in home care has lagged compared to home health care. One of the reasons why is that […]
Private equity interest in home-based care has steadily increased over the years. The number of company names now preceded by “private equity-backed” in Home Health Care News stories is all the evidence you need. I wondered if PE firms would back off during the period between the unfavorable proposed home health payment rule and the […]
Pushed by the White House, federal watchdogs have a new directive – cracking down on private equity in health care. While they’ll largely be targeting nursing homes and PE investment as part of a recently unveiled senior care initiative from the Biden administration, there will likely be ripple effects in the home-based care space. In […]
Nick Loporcaro, the former CEO of Landmark Health, has joined The Vistria Group as a senior operating partner. He makes the transition from the provider side to private equity geared with decades of health care experience – and years of at-home care experience. Loporcaro led Landmark – an in-home medical care provider – until it […]
Nick Loporcaro joins The Vistria Group The former CEO of Landmark Health, Nick Loporcaro, has joined the The Vistria Group as a senior operating partner for its health care team. Loporcaro served as the CEO of Landmark, an in-home medical care provider, for over three years. The company was acquired by UnitedHealth Group’s (NYSE: UNH) […]
In 2021 alone, a handful of investment organizations have launched with the objective of operating within the value-based care space. The existence of these companies exemplifies how businesses in value-based care are increasingly becoming attractive commodities. Broadly, value-based care is the concept of paying providers based on some measure of the quality of their care […]
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