Private equity (PE) interest in health care spiked last year — with in-home care and hospice deals among the 10 largest in terms of dollars. Overall, there were at least 715 PE deals that closed by the middle of December, according to PitchBook, which provides data and other insights on the private market through a […]
TPG Capital
Home health and hospice providers in the South have longer average lengths of stay (ALOS) than any other region in the country. That’s according to the latest quarterly data from PlayMaker Health, a post-acute growth platform serving hundreds of organizations. In home health, Playmaker’s data shows southern states have an ALOS of 80.4 days, while […]
WellSky, a health and community care technology company backed by TPG Capital, has acquired Consolo Services Group, formerly a portfolio company of Bluff Point Associates that provides healthcare IT services with a focus on hospice. Financial terms are not being disclosed. The deal expands WellSky’s investment in hospice and offers an entry point into other […]
Home health merger and acquisition activity continued at a healthy clip in the second quarter of 2018, with 21 publicly announced deals. That’s up from 12 acquisitions in Q2 2017, according to newly released data from market intelligence firm Irving Levin & Associates. On a quarterly basis, deal volume dipped slightly; there were 23 publicly […]
TPG Capital portfolio company Mediware Information Systems, Inc. announced last week that it’s acquiring the long-standing home health and hospice consulting group Fazzi Associates. To some degree, the transaction—which marks one of the few instances where a software business buys up a consulting firm—is reflective of the broader home health, personal care and hospice landscape. […]
Software company Mediware has acquired Fazzi Associates, a firm that provides consulting and other services to the home care and hospice industry. Mediware is a portfolio company of TPG Capital, a private equity giant that also owns a stake in the nation’s largest home health and hospice provider. Northampton, Massachusetts-based Fazzi serves more than 1,400 […]
Humana, PE Firms Finalize Curo Purchase Humana Inc. (NYSE: HUM) and private equity firms TPG Capital and Welsh, Carson, Anderson & Stowe have competed their previously announced $1.4 billion acquisition of Curo Health Services. Louisville-based based Humana and the two PE firms plan on combining Mooresville, North Carolina-based Curo with the hospice business of Kindred […]
Insurance giant Humana (NYSE: HUM) and two private equity firms have completed their planned acquisition of Kindred Healthcare, which has ceased trading on the New York Stock Exchange as a result. In December 2017, Humana and two PE firms—TPG Capital and Welsh, Carson, Anderson & Stowe—announced they were acquiring Kindred for $9 in cash per […]
Kindred was just the beginning. After a big week, it’s clear that insurance giant Humana (NYSE: HUM) is not content with owning a stake in the nation’s largest home health provider, but is quickly creating a care delivery platform with a wide range of home-based services. On April 23, Louisville-based Humana announced that it would […]
Insurance giant Humana (NYSE: HUM) and two private equity firms—TPG Capital and Welsh, Carson, Anderson & Stowe (WCAS)—have agreed to acquire privately held hospice operator Curo Health Services for about $1.4 billion. The consortium of acquiring companies is already in the midst of buying the nation’s largest home health provider and second-largest hospice provider, Kindred […]
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