Home-based care deals significantly slowed in 2024, but conditions are improving, according to a new report from Mertz Taggart. M&A activity declined from 183 deals in 2021 to 110 in 2023, and then further decreased to 72 in 2024, according to the report. Ultimately, only 14 transactions took place in the last quarter, marking the […]
Avid Health at Home
The Pennant Group (Nasdaq: PNTG) has completed its purchase of certain Oregon assets of Signature Healthcare at Home. The company previously acquired Signature’s Idaho and Washington assets on August 1, 2024. “We are delighted to welcome these operations to the Pennant fold,” Brent Guerisoli, CEO of Pennant, said in a press release statement. “This is […]
Help at Home has agreed to acquire Penn Highlands Healthcare’s Helpmates, which is a personal care provider. The deal was announced Oct. 17 and will be finalized on or around Dec. 9, pending government approval. “The acquisition of Helpmates enables our health system to focus and grow the core services of Healthcare at Home, which […]
Referral sources are the lifeblood of home-based care companies. Even with payment and staffing headwinds, solid referral source relationships offer a path to sustainability for providers. At Avid Health at Home, there are a number of elements that go into its referral source strategy. The company prioritizes routine communication, and personalizing outreach. “No two referral […]
At a time when many home care providers are shutting the door on Medicare Advantage (MA), Avid Health at Home has managed to go the other way. Avid Health at Home is a home care platform backed by Havencrest Capital. The company believes that demonstrating its value through data could be what puts it in […]
The rising costs of home care were a trend in 2022 and 2023. They will remain one in 2024, and could finally come to a head. That’s only one trend, of many, that will impact home care providers in the new year. But it alone will also lead to other trends, such as increased M&A, […]
Home care providers looking to grow need to follow meticulous planning and have realistic goals. Failure to follow that guidance could mean serious operational challenges down the road. During the public health emergency, when more attention was being paid to alternative settings for long-term care, the home care industry saw record-breaking volume and valuations. Seeing […]
Gentiva officially acquires ProMedica’s home health, palliative and hospice business Gentiva has closed on its $710 million deal for ProMedica’s home health, palliative and hospice business. The deal was first announced in February. Now that it is finalized, the Atlanta-based Gentiva will boost its location count from 380 to 500, and its patient census by […]
Well Care Health is divesting its personal home care division to Avid Health at Home. For Well Care Health, it’s an opportunity to capitalize off of the demand for its well-established home care footprint, while also focusing on a new strategic direction moving forward. “There’s a couple of drivers behind [the move],” Well Care Health […]
During an acquisition process, there are obvious boxes that need to be checked on the buyer and seller sides. On the buyer side, that due diligence includes checks around financials, compliance and a whole lot of other numbers. But one factor that can fly under the radar is employee tenure. “Tenure is a very important […]