TROY, Mich. (August 30, 2022)—Residential Hospice, a division of Graham Healthcare Group, announced that it has acquired Comfort Hospice of St. Louis, and Grace Hospice of Maumee, Ohio from U.S. Medical Management. This expands the footprint of Residential Hospice into Missouri and Ohio; U.S. Medical Management will retain their hospice locations outside of St. Louis and Maumee.
Mergers and Acquisitions
DALLAS, Texas (August 23, 2022)—UnitedHealth, Amazon, CVS Health and Option Care Health are bidding for Signify Health, a technology company focused on shifting the health care continuum to value-based care, Bloomberg reported, citing unnamed sources. The company’s shares jumped nearly 40% premarket Monday following the news.
CLEARWATER, Fla. (August 22, 2022)—Empath Health and Hospice of Marion County (HMC) announced that they have signed a memorandum of understanding (MOU) to begin the process of affiliating HMC with Empath Health. Empath Health currently has three hospice organizations operating within its network including Tidewell Hospice, Suncoast Hospice and Suncoast Hospice of Hillsborough.
AKRON, Ohio (August 19, 2022)—ACU-Serve Corp. has acquired ECS Billing & Consulting North. ECS was based in Tiffin, Ohio, and founded by Sarah Hanna, a well-known industry veteran who will assume a role as V.P. of Consulting Services at ACU-Serve Corp.
LOUISVILLE, Ky. (August 16, 2022)—Humana Inc. announced that it will acquire all of the assets of Inclusa, Inc., a managed care organization (MCO) in Wisconsin that provides long-term care services and supports to approximately 16,600 older adults and adults with disabilities through the state’s Family Care program. For more than 20 years, Inclusa has partnered with local health care providers and community resources to connect members with the support and services they need.
WOONSOCKET, R.I & DALLAS (August 9, 2022)—CVS Health is planning to make a bid on Signify Health, a technology company focused on shifting the health care continuum to value-based care, the Wall Street Journal reported, citing unnamed sources.
CVS Health announced its intentions to expand into homecare and primary care on its second quarter earnings call, a strategy that will include mergers and acquisitions, CEO Karen Lynch said.
OVERLAND PARK, Kan.(August 9, 2022)—Netsmart announced that it has acquired CORE Analytics, a skilled nursing facility (SNF) claims data analytics offering from Zimmet Healthcare. With the addition of Core Analytics, Netsmart Simple is now the only solution suite in the market capable of calculating quality measures and Five-Star ratings leveraging Minimum Data Set (MDS), Payroll-Based Journaling (PBJ) and UB-04 claims data.
MARTINSRIED, Germany and LEIPZIG, Germany (August 2, 2022)—ResMed today announced the acquisition of Leipzig-based company mementor; the deal was completed Monday, Aug. 1. With this acquisition, ResMed strengthens its overall sleep portfolio in Germany with a digital solution for insomnia.
MOORESTOWN, N.J. (August 2, 2022)—Tabula Rasa HealthCare, Inc. (TRHC), a health care technology company advancing the safe use of medications, announced that it completed the previously announced sale of its PrescribeWellness business to Transaction Data Systems, Inc. (TDS) for an all-cash purchase price of up to $140 million.
5 steps to take before handing over the reins
KANSAS CITY, Mo. (July 26, 2022)—Lifeway Mobility announced it has acquired Health & Comfort Equipment Service, LLC in Kansas City, Missouri. Health & Comfort has over 30 years of experience in the home accessibility industry in the Kansas City metro area, providing stair lifts, ramps and other accessibility solutions. This new partnership allows Lifeway Mobility to further expand its service offerings throughout Kansas and provide services in the state of Missouri.
ROSEVILLE, Minn. (July 21, 2022)—Pediatric Home Service (PHS), an independent provider of comprehensive homecare supporting children with medical complexities, announced the expansion of their services into Kansas, Missouri and Nebraska through the acquisition of two pediatric-focused health care providers.
FORT WORTH, Texas (July 14, 2022)—VERTESS, a leading health care mergers and acquisitions (M&A) advisory firm, is pleased to announce the addition of three new partners. Managing Directors Rachel Boynton, Anna Elliott and Robert Villalobos are the newest additions to the leadership team. All three bring a wealth of knowledge and experience to the team and will help shape the growing enterprise with their guidance and expertise.
DALLAS (July 5, 2022)—Enhabit Home Health & Hospice, a national home health and hospice provider, announced it is now an independent, publicly traded company following the completion of its spin-off from Encompass Health Corporation. Enhabit will began trading on the New York Stock Exchange on July 1, 2022, under the ticker symbol "EHAB."
SAN DIEGO & HILDESHEIM, Germany (June 14, 2022)—ResMed today announced a definitive agreement to acquire privately held MEDIFOX DAN, a German provider of out-of-hospital software solutions for providers in major settings across the care continuum, from Hg, a software and services investor.
DALLAS (May 31, 2022)—Enhabit Home Health & Hospice, a home health and hospice care provider, announced it filed a Form 10 registration statement with the Securities and Exchange Commission (SEC) on May 25, 2022, in connection with its spin-off from Encompass Health Corporation. The spin-off is anticipated to occur on July 1, 2022, subject to various conditions. Upon completion of the spin-off, Enhabit will become an independent, publicly traded company.
FLANDERS, N.J. (May 24, 2022)—Central Medical Supply Group (CMSG), a portfolio company of Osceola Capital, announced that it has acquired three hospice and homecare equipment management companies: Helping Hands Medical Equipment, the hospice assets of Consolidated Medical Surgical Supply and PPD Homecare Inc.
FORT WORTH, Texas (May 19, 2022)—VERTESS, a health care mergers and acquisitions (M&A) advisory firm, closed out a strong first quarter of 2022 with three transactions. Managing Partner Bradley Smith commented that these were noteworthy successes given the current status of the economy and the geopolitical instability overseas.
PLYMOUTH MEETING, Pa. (May 10, 2022)—AdaptHealth Corp. announced first quarter revenues were up 47% over 2021 and the authorization of a share repurchase program for up to $200 million as part of a quarterly earnings report released this week. Adapt Health is a national provider of patient-centered, health care-at-home solutions including home medical equipment (HME), medical supplies and related services.
NELIGH, Neb. (May 10, 2022)—Kubat HealthCare, a health care service provider, announced the acquisition of Hilltop Drugs Etc. located in Neligh, Nebraska.
Founded in October 2008 by co-founder and current pharmacist-in-charge, Jami Schmidt, Hilltop Drugs Etc. quickly became a community staple providing personalized pharmacy and healthcare services. In 2019, Jami Schmidt and her business partner sold to Mark Vogt.
BOSTON (May 5, 2022)—HouseWorks, an independent homecare company, announced that it has closed its previously announced acquisition of Greater Boston Home Health Care Services, Inc., a homecare provider serving Medicaid, dual-eligible and private pay clients throughout Eastern Massachusetts, Cape Cod and Martha’s Vineyard.