TYLER, Texas—Choice Health at Home, a multi-state operator of home health, hospice, private duty and rehabilitation services, announced the acquisition of Accentra Home Health and Hospice, a home health and hospice organization, and expanded its credit facilities. The acquisition of Accentra in partnership with Choice’s existing Oklahoma home health and hospice agencies aims to strengthen the company’s presence and provide the infrastructure to cover more than 90% of the state’s urban and rural geographies.
“This transaction significantly strengthened our business and, more importantly, enhanced our ability to provide excellent health care to more of the state’s residents,” said David Jackson, CEO of Choice Health at Home. “Additionally, we now have fantastic new Oklahoman partners in Trent Smith and his team. We are very aligned culturally in delivering patient centric care to residents at the highest professional level.”
“Joining forces with Choice Health at Home marks a pivotal chapter in our journey to redefine home health care in Oklahoma,” said Trent Smith, CEO of Accentra. “Since founding Accentra, we've led the company through transformative industry changes—from (patient driven groupings models) to the unprecedented challenges of COVID-19. Our strategic acquisitions and innovative initiatives, including our role in the development of Apricot—the industry's first AI-driven documentation tool—have set new benchmarks in care efficiency. Together with David, we are dedicated to building resilient health care infrastructures that not only meet, but (also) exceed the highest standards of patient care. This merger is not merely a growth opportunity; it’s a testament to our unwavering commitment to providing every Oklahoman with exceptional, cutting-edge health care right at their doorstep.”
Following the acquisition transaction, the organization will operate under the Choice Health at Home brand. Both companies seek to ensure a smooth transition for all patients, employees and partners, as well as emphasize personalized care. Choice plans to focus on expanding its services and enabling patients within their home.
Along with this acquisition, Choice Health at Home announced new credit facilities that intend to expand and support the company’s mission.
“We are pleased to announce our closing on $260 million of new leveraged capital,” said Jeffrey Kreger, chief financial officer of Choice Health at Home. “The new capital includes a new $190 million senior credit facility with Oxford Finance LLC, AB Private Credit Investors and Maranon Capital, and a new $70 million subordinated credit agreement with Athyrium Capital Management LP. The new capital is transformational for the company and will further support our continued (mergers and acquisitions) growth plans into the future."
