Lorient Capital-Backed PurposeCare Announces 3 New Acquisitions, Expands Midwest Portfolio

The Lorient Capital-backed PurposeCare has acquired three more Midwestern home-based care agencies. In total, the company has made seven acquisitions over the last year. Its latest moves include: acquiring the assets of A/Abiding Care-Elder Bridge (AAEB), a private-pay home care agency in Illinois; acquiring equity interests in Michiana Home Care, which provides home health care […]

Market Density, Payer Agnosticism Help Mid-Sized Home Health Providers Punch Above Their Weight

At the National Association for Home Care & Hospice’s (NAHC) Financial Management Conference this week, I did not get the sense that home health providers are collectively discouraged about their futures. Instead, I got the sense that they are becoming more action-driven. Even smaller providers are finding ways to adjust their businesses as a means […]

PurposeCare Acquires 3 More Home-Based Care Agencies

The home-based care provider PurposeCare is expanding again. This time, it’s doing so through the acquisitions of three Midwestern home-based care agencies. Specifically, the Chicago-based PurposeCare is acquiring Scott’s Home Healthcare and Attentive Personal Care, both of which are located in Indiana. The company is additionally acquiring the Ohio-based Choice Nursing Care & Home Health. […]

Providers On Biden’s Executive Order, Home-Based Care ‘Drumbeat That Won’t Be Ignored’

The Biden administration has made mention of home-based care regularly and intentionally during its tenure in the White House. It did so again Wednesday, this time through 50-plus directives for government agencies, many of which were home care-related. Though still just directives, the sitting president making this sweeping of an executive order focused on senior […]

PurposeCare Emerges As Budding, Regional Home-Based Care Provider After Latest Acquisition

PurposeCare – a relatively new and quickly growing home-based care provider – has acquired the St. Joseph Michigan-based Home Sweet Home In-Home Care. Backed by Lorient Capital, PurposeCare is a provider of both clinical and non-clinical home-based care. Since it launched in 2021, the company has grown through the acquisitions of other home-based care providers […]

Transactions: PE-Backed PurposeCare Makes Slew Of Acquisitions; CenterWell Senior Primary Care Expands

PurposeCare acquires a number of agencies PurposeCare — a Lorient Capital-backed provider of home care and home health services — has acquired six agencies. The company purchased Purpose Home Health, Alliance Home Health Services, A1 Home Health Care and A1 Nursing Care, Newsome Home Health Care and Honor Home Health. “The need for well-coordinated care […]