Pennant Group Enters New Joint Venture; Prepared Health Rebrands

The Pennant Group Inc. (Nasdaq: PNTG) announced that a subsidiary of Cornerstone Healthcare Inc. — its home health and hospice portfolio company — has agreed to form a home health joint venture with San Diego-based Scripps Health, a nonprofit health system. The deal is expected to be finalized in the third quarter of 2020. The […]

AlayaCare Acquires Procura; The Pennant Group Lands New Home Health Agency

AlayaCare announced Friday it has acquired Procura, a division of Complia Health and one of AlayaCare’s largest global competitors. Separately, The Pennant Group (Nasdaq: PNTG) also announced an acquisition of its own.  For AlayaCare, the newly announced deal continues the Montreal-based company’s aggressive growth strategy and lays the groundwork for 2020, founder and CEO Adrian […]

Addus Closes on Hospice Partners of America; Ensign Group Completes Pennant Spinoff

Addus completes Hospice Partners of America deal Addus HomeCare Corporation (Nasdaq: ADUS) has completed its purchase of Hospice Partners of America. The Frisco, Texas-based at-home care company bought the multi-state hospice provider for $130 million cash — $118.4 million of which was in value and $11.6 million was in estimated tax benefits, according to a […]

Breaking Down Ensign’s Home Health and Hospice Spinoff Plans

Mission Viejo, California-based The Ensign Group Inc. (Nasdaq: ENSG) unveiled plans Monday to spin off its home health, hospice and senior living businesses into The Pennant Group, a separate publicly traded company. Expected to close by the end of 2019, the Pennant spinoff will consist of 60 home health and hospice agencies and 51 senior […]

Ensign’s Cornerstone in Buy-Now Mode, CEO Says

Cornerstone Healthcare — the large in-home care provider organization under The Ensign Group Inc. (NYSE: ENSG) umbrella — is actively seeking opportunities to acquire both well-performing and struggling home health, hospice and home care operations across the United States. That’s according to Cornerstone President and CEO Daniel Walker, who hinted at future M&A moves following […]

Ensign CEO: Home Health, Hospice Segment Growth Likely to Outpace Skilled Nursing

The Ensign Group (Nasdaq: ENSG) achieved its highest-ever adjusted earnings per share during the fourth quarter of 2018, the company announced Wednesday. That’s thanks in part to growth and success in the California-based provider’s home health and hospice services segment. Growth within the space will likely outpace that of Ensign’s skilled nursing subset, President and […]

Business Briefs: Ensign Group, Amedisys

The Ensign Group Acquires Home Health and Hospice Operations in Oklahoma City The Ensign Group (NASDAQ: ENSG), parent company of Ensign, said a subsidiary of Cornerstone Healthcare, Ensign’s home health and hospice portfolio subsidiary, acquired Excell Home Care and Hospice and Excell Private Care Services in Oklahoma City. The deal was effective Nov. 1. The move marks Ensign’s entry into Oklahoma. As […]

Business Briefs: Ensign Acquisition, LHC Group

Ensign Group Acquires Nevada Hospice Operations The Ensign Group (Nasdaq: ENSG), the parent company of the Ensign group of skilled nursing, rehabilitative care services, home health care, hospice care and assisted living companies, has acquired a hospice provider serving Southern Nevada through a subsidiary of its home health and hospice portfolio, Cornerstone Healthcare, Inc. The […]

Business Briefs: InnovAge’s For-Profit Conversion

InnovAge Converts to For-Profit to Fund The NextFifty Initiative InnovAge, a Denver, Colorado-based provider of in-home care services, affordable senior housing and other health care and day programs, has finalized an agreement with private equity firm Welsh, Carson, Anderson & Stowe (WCAS) to expand its services and convert from a non-profit entity to a for-profit. […]