Care Advantage Continues to Scale by Acquisition; BrightStar Eyes New Markets

Care Advantage acquires Allegiance Home Care Care Advantage Inc. has acquired Allegiance Home Care, marking the 51-year-old home health provider’s 10th acquisition since it received private equity backing in January 2017. Financial terms of the deal were not disclosed. Richmond, Virginia-based Care Advantage, which is backed by New York-based PE firm BelHealth Investment Partners, provides […]

Care Advantage Enters Two New States, Jet Health Moves into Hospice

Care Advantage expands into news states with acquisitions Care Advantage Inc. has broadened its footprint in Washington, D.C., and expanded into Maryland and Delaware for the first time following two new acquisitions. The private equity-backed personal care provider acquired Capital City Nurses and its sister company, Coastal Home Care, earlier this month. Financial terms of […]

M&A and Financing Newsflash: Addus Nets $59M After Public Offering, Care Advantage Acquires Two Home Care Providers

Addus Closes Public Offering of Common Stock Frisco, Texas-based Addus HomeCare Corporation (Nasdaq: ADUS) has closed an underwritten public offering of 2,100,000 shares of its common stock at a public offering price of $59.00 per share. Addus is a provider of home care, home health and hospices services operating in 157 locations across 25 states. […]

Home Health Transactions: Noor, Care Advantage, Summa Health

Noor Inc. acquires Texas home health provider Noor Inc., based in New York City, acquired San Antonio, Texas-based home health care provider Restorative Health Care, Staffing Industry Analysts reported on Dec. 11. Restorative Health Care, which provides nursing and therapy services, including registered nurses and occupational, physical and speech therapy services, has four offices and more […]

Business Briefs: Kinnser Software Merges with Mediware

Kinnser Software Merges with Mediware Kinnser Software, an Austin, Texas-based software technology company in the post-acute care space, is merging with Mediware, a company that offers software solutions for home health and hospice providers. Mediware, which is headquartered in Lenexa, Kansas, is purchasing Kinnser from Insight Venture Partners, according to a press release. The transaction is expected to close […]

Movers & Shakers: Care Advantage’s New CEO

Care Advantage Names New CEO William Mayes has been named the new CEO of Care Advantage, Inc., a multi-division health care company that provides skilled clinical care for patients in their homes in 14 agencies across Virginia, The Gleaner reported. Mayes has more than 30 years of relative healthcare experience, including 20 years of home […]