Sienna Senior Living Sells Home Care Business for $16.5 Million

Sienna Senior Living has sold Preferred Health Care Services (PHCS), its home care business, to Spectrum Health Care LP for cash proceeds of $16.5 million before working capital adjustments. The deal is the result of two years of debating whether to focus on home care growth through partnerships or other means, or to simply offload the […]

Home Health M&A Surges as Major Providers Vie for Growth

Home health merger and acquisition activity was on the upswing in the third quarter of 2015, and it appears that post-acute care providers remain particularly avid to increase their in-home services. However, signs indicate that the largest home health companies are positioning themselves to drive M&A activity as well. With nine publicly announced transactions in […]

Home Health Acquisition Prices Keep Climbing

The number of home health mergers and acquisitions dipped in the first quarter of 2015 compared to a year prior, but a trend of high deal values continued to hold strong. The first three months of this year saw 16 mergers and acquisitions of home health and hospice companies, compared with 19 in the first […]

Home Health Business Briefs: Extendicare Acquires Revera

As one of the fastest-growing sectors in the United States, home health care is teeming with activity — from acquisitions and partnerships to new leadership appointments and promotions. Here’s the latest news buzzing around the industry: Tim Bateman Joins ChartaCloud Healthcare Services Advisory Board ChartaCloud Technologies LLC recently announced the addition of Timothy Bateman to […]

Extendicare to Acquire Revera’s Home Health Business in $83 Million Deal

Extendicare Inc. recently entered into a definitive agreement to acquire the Revera Home Health business from Revera Inc. for $83 million in cash, before working capital adjustments, Extendicare has announced. Both Extendicare and Revera Home Health are based in Canada, with Extendicare having an additional corporate office in Milwaukee, Wis. Extendicare recently competed the first stage […]