Private equity-backed Compassus could soon be up for sale, according to a Jan. 8 report from PE Hub. PE Hub cited “three people familiar with the matter” for its article, which claims Compassus has tapped an advisor from Jefferies Financial Group to help the company prepare for an upcoming sales process. Jefferies had no comment […]
Mertz Taggart
Thanks to heightened interest from private equity buyers and companies’ efforts to diversify business operations, 2018 has seen an acceleration in the number and size of home health, hospice and personal care transactions. The hot market should continue going forward, although the new home health payment model and sky-high valuations raise some questions about what […]
There’s never been a hotter time for the buying and selling of home health, home care and hospice agencies. Indeed, for the first time in more than a decade, all three industries are selling at relative high valuations, analysts point out. There are several contributing factors for the booming M&A landscape, strong borrowing rates, a […]
Amedisys, Inc. (Nasdaq: AMED) doubled down on its own home health, hospice and personal care business Monday, deploying nearly all of its cash on hand to buy back $178 million worth of stock from global investment firm KKR (NYSE: KKR). The transaction signals leadership’s continued confidence in the Baton Rouge, Louisiana-based company’s growth prospects, but […]
AccentCare Acquires Quality Care Services Texas-based AccentCare has expanded its personal care services client base by acquiring Quality Services’ Medicaid attendant care segment, which serves the Beaumont, Texas area. The transaction was effective Feb. 1. The acquired business segment assumed the name of AccentCare’s regional branch in Texas —Texas Home Health. Quality Care Services was […]
Transformative mergers and acquisitions took place in health care last year, and the types of deals suggest that a more diverse set of buyers could be on the hunt for home health and hospice acquisitions in 2018. In 2017, there were 115 M&A transactions involving hospitals and health systems, marking the highest level of activity […]
The family-owned business, passed on from generation to generation, is an archetype of American commerce. In practice, however, most “mom-and-pop” home care and home health agencies are content to take the money and run when it comes time to pass the business into new hands. “It’s rare to have a child to take over, rare […]
The strong role hospice plays in the post-acute care continuum is being realized more and more by consumers, driving a surge in mergers and acquisitions (M&A) activity and overall interest in the space by home health providers. In fact, during Amedisys, Inc.’s (Nasdaq: AMED) third-quarter earnings call, CEO Paul Kusserow declared the company’s focus on […]
After numerous challenges with getting paid by the state of Illinois after years of budget woes, Addus Homecare (Nasdaq: ADUS) is now actively seeking to reduce its exposure in the state, executives stated on the company’s most recent earnings call. Addus, which moved its headquarters from Illinois to Frisco, Texas, earlier this year, is one of […]
When a home health acquisition occurs, a single trading multiple is announced for the deal — and in home health, there have been some impressive multiples lately. However, there could be a case for more than a single multiple on any given transaction, as the buyer and seller might have different ways of thinking about that number. […]
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