Members of Congress took aim at private equity’s expanded role in the U.S. health care system on Thursday, addressing the topic during a special hearing held by the House Ways and Means Subcommittee on Oversight. Much of the hearing focused on PE’s increasingly prominent role in nursing homes, as the COVID-19 pandemic has triggered heated […]
InnovAge (Nasdaq: INNV), a Program of All-Inclusive Care for Elderly (PACE) provider, officially went public Thursday. Denver-based InnovAge offers one of the largest PACE programs in the U.S. The company has about 1,900 employees and serves 6,600 seniors in Colorado, New Mexico, California, Pennsylvania and Virginia. In addition to its PACE offerings, InnovAge owns two […]
Securing stockpiles of personal protective equipment (PPE), doubling down on company-wide training efforts and implementing educational initiatives are just some of the responsibilities that home care leadership teams have taken on during the COVID-19 crisis. While most home care agencies were navigating the public health emergency over the past few months, Synergy HomeCare’s CEO had […]
In a normal week, Rexanne Domico — president of home health care and rehabilitation at BrightSpring Health Services — might be back and forth between Charlotte, North Carolina, where she lives, and Louisville, Kentucky, where her company is headquartered. Or maybe she’d be hopping around the South, visiting BrightSpring’s newest locations, which the home- and […]
Lifesprk — a home-based care company known for its innovative whole-person focus — has scored a new $16.1 million investment, the first the company has accepted since its 2004 founding. The investment — which was led by Burlingame, California-based private equity firm Virgo Investment Group — came in the form of Series A preferred stock. […]
The coronavirus has brought the U.S. economy and many of its industries to a screeching halt, so it’s not entirely surprising home health and home care dealmaking is expected to temporarily slow down amid COVID-19. But what will the pandemic mean for private equity firms, who came into 2020 with a record $1.5 trillion in […]
Private equity players are sitting on more dry powder than ever before, entering 2020 with a reported $1.5 trillion in unspent capital. In all likelihood, a portion of this cash will go into the in-home care space. In general, the health care sector has already seen an increase in private equity investment over the past […]
It’s safe to say that 2019 was a banner year for Amedisys Inc. (Nasdaq: AMED). The Baton Rouge, Louisiana-based company doubled down on hospice — announcing a number of deals. On the personal care side, Amedisys entered into and saw success in an innovative partnership with ClearCare Inc. Over the past few years, Amedisys has […]
Prior to 2014, there were only a few thousand adult day centers operating throughout the United States. Today, there are likely over 10,000 centers in existence, each one trying to make a lasting mark in an extremely fragmented industry. Founded in 1991, Tennessee-based Centennial Adultcare Center is among that group. The medical-model adult day provider […]
CareFinders expands footprint Home health agency CareFinders recently announced that it has completed its acquisition of DanielCare Caring Choice, a Stamford, Connecticut-based provider of personal home care services. The financial terms of the deal were not disclosed. Founded in 1995, Hackensack, New Jersey-based CareFinders provides home health care services to more than 8,500 patients throughout […]
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