Home-based care stakeholders are navigating a very different environment than they were in the past. No one understands that better than prolific acquirers like HouseWorks, PurposeCare and Care Advantage. All three companies are doing unique things to maintain growth in 2024, however. Firstly, over the last few years, there has been a vast chasm between […]
The home health, home care and hospice industries are barely exhibiting signs of life when it comes to M&A, sans a few active companies. Transactions were again historically low in the first quarter. Overall, only 12 total home-based care deals have been reported from the first quarter, according to data provided by the M&A firm […]
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” […]
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 […]
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 […]
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. […]
After just over a year in the business, most home-based care companies would still be trying to find their footing. PurposeCare, on the other hand, is operating on solid ground – with a very clear mission on what it’s working toward as a company. The provider is making moves to build an integrated care model […]
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 – 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 […]
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 […]
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