Transaction volume for home health, home care and other in-home care businesses dipped in 2023, with inflation, higher interest rates and global unrest contributing to the downturn. Many home-based care stakeholders anticipated M&A to rebound in 2024, however, thanks to increased loan activity in January, greater buyer-seller consensus and private equity’s record-high levels of “mature” […]
One of the most well-established independent home care companies in the nation is heading into the new year with a new identity – and a much larger overall business. Just a few years ago, the Greater Boston-based HouseWorks brought in about $25 million in annual revenues, with nearly all of that coming from private-pay home […]
Home-based care dealmaking trends generally give a good idea of what’s going on in the space at large. They show you where the money is headed, and where it’s not. They show you where the Centers for Medicare & Medicaid Services’ (CMS) stroke of the pen has impacted investment or transaction activity. The trends show […]
The home care industry, so far, has had a relatively quiet 2023. Over the past few years, the home care space has been defined by ample private equity investment, aggressive provider roll-ups, exciting Medicare Advantage (MA) developments and innovative cross-continuum partnerships. There has been much less action this year, despite the continued focus on social […]
HouseWorks acquires Care and Help Home Care, Amedisys’ personal care division The Massachusetts-based HouseWorks is expanding its footprint in Pennsylvania by acquiring Care and Help Home Care. Care and Help Home Care is a privately-owned personal care provider serving the greater Philadelphia area. “We are excited to welcome the Care and Help team to the […]
HouseWorks announced earlier this week that it would be acquiring Associated Home Care (AHC), the personal care division of Amedisys Inc. (Nasdaq: AMED). In addition to the two directly involved parties, HouseWorks CEO Michael Trigilio believes that the key winners from the deal are the caregivers and payers. “The workforce is going to have great […]
Amedisys Inc. (Nasdaq: AMED) announced Wednesday that it has signed a definitive agreement to divest its personal care division to HouseWorks. As a company, Amedisys delivers a number of offerings, including home health, hospice, personal care and high-acuity care services. Home health and hospice are its two largest segments. After Wednesday’s announcement, the plan is […]
InTandem Capital Partners LLC, a health care services-focused private equity firm, has completed a strategic equity investment in HouseWorks. Both organizations declined to reveal financial details, but did confirm that it was a majority investment. “As a growing organization, partnering with InTandem Capital allows the company to expedite our growth goals, leveraging their deep expertise […]
There is a significant need for federal programs that aim to prevent older adults from falling to work together and share information. Doing so, government watchdogs say, will make the home a safer place to age. That was one of the key takeaways from a recent report published by the U.S. Government Accountability Office (GAO), […]
Pennant acquires Bozeman home health provider, Twin Falls senior living asset The Pennant Group Inc. (Nasdaq: PNTG) announced last week that it has acquired the assets of First Choice Home Health, a home health and personal care services provider in Bozeman, Montana. “This acquisition complements our existing hospice operations in the state, expanding the continuum […]
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