ATLANTA (December 1, 2021)—Aveanna Healthcare Holdings, Inc., a diversified home care platform focused on providing care to medically complex, high-cost patient populations, announced that it has successfully completed its acquisition of Accredited Home Care, a private duty services company based in Southern California, for a base purchase price of $180 million, plus up to $45 million subject to satisfaction of certain 2021 volume targets.
Mergers and Acquisitions
CINCINNATI (November 10, 2021)—Quipt Home Medical Corp., a U.S.-based provider of durable medical equipment (DME) focused on end-to-end respiratory care, is pleased to announce that it has recently acquired a business with operations in Illinois, reporting unaudited trailing 12-month annual revenues of approximately $2.5 million. Post integration, Quipt expects an adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) for the acquisition target of $0.6 million.
TORONTO (November 9, 2021)—Integracare Inc., a provider of private home health care in Toronto and Mississauga, Ontario, has acquired Eldercare Home Health Inc.
Eldercare Home Health has been providing registered nurse supervised and case managed home health care in Toronto since 1995. Eldercare Home Health has served thousands of clients and families throughout Toronto focusing exclusively on providing high quality personal support services and home health care for seniors.
BOSTON (November 5, 2021)—HouseWorks, an independent homecare company, announced that it has signed a definitive agreement to acquire Connected Home Care, a homecare provider serving Medicaid, dual-eligible and private pay clients throughout Eastern Massachusetts. The company expects to close the acquisition by Dec. 31, 2021.
NASHVILLE, Tenn. (November 5, 2021)—National Seating & Mobility (NSM), A North American provider of comprehensive mobility solutions, has expanded into the Florida panhandle with the acquisition of Comfort N Mobility. The company, located in Gulf Breeze, specializes in a wide variety of mobility products and serves individuals throughout the Florida panhandle.
ST. LOUIS (November 4, 2021)—Centene Corporation announced that it has signed a definitive agreement to sell a majority stake in U.S. Medical Management, LLC (USMM) to Rubicon Founders; Valtruis, a WCAS company; Oak HC/FT; and HLM Venture Partners. Centene will retain a minority stake in USMM.
RICHMOND HILL, N.Y. (November 2, 2021)—AlayaCare, a global homecare software company, announced it has acquired Delta Health Technologies, a provider of specialized home health solutions. The acquisition of Delta Health Technologies extends AlayaCare’s position as a leading provider of software-as-a-service (SaaS) technology in the U.S. home health market.
NEW YORK (October 26, 2021)—Wellspring Capital Management, a leading private equity firm headquartered in New York, announced that it has partnered with management to complete the acquisition of Caring Brands International, Inc. (CBI). Terms of the transaction were not disclosed.
HARTFORD, Conn. (October 15, 2021)—CareCentrix, Inc.—an independent home-centered platform that coordinates care to the home for health plans, patients,and providers—announced that Walgreens Boots Alliance has made a majority investment in the company.
CHICAGO (October 13, 2021)—Help at Home, a provider of in-home, person-centered care for seniors, announced the closing of two acquisitions in late September 2021: Pennsylvania-based Meridius Health and Georgia-based Altamaha HomeCare's nonskilled business. Meridius Health and Altamaha add a combined 300 passionate and caring field employees/caregivers serving more than 320 clients in need of homecare in the Lancaster and Southeast Georgia areas.
RICHFIELD, Minn. & BOSTON (October 12, 2021)—Best Buy has signed an agreement to acquire Current Health, a care-at-home technology platform that brings together remote patient monitoring, telehealth and patient engagement into a single solution for health care organizations.
Today’s market trends will shape the future
FREMONT, Neb. (October 7, 2021)—Kubat HealthCare, a health care service provider, announced the acquisition of Miller Pharmacy Specialties located at 322 E 22nd St, Fremont, Nebraska, 68025.
AKRON, Ohio (October 5, 2021)—ACU-Serve, Corp. has acquired Professional Medical Administrators, Inc. (Pro-Med) to become the largest home medical equipment (HME) revenue cycle management firm in the United States.
Pro-Med was founded in November 1996 by Sylvia Toscano, a respected industry veteran, who will assume a role with ACU-Serve as its V.P. of Client Services.
EL SEGUNDO, Calif. (September 17, 2021)—24 Hour Home Care, a nonmedical in-home care provider, announced it has acquired GrandCare Health Services’ nonmedical caregiving division, effective Sept. 1, 2021. The official announcement was made from 24 Hour Home Care’s headquarters in Los Angeles and will allow the company to further expand its homecare services across Southern California.
LAFAYETTE, La. (September 9, 2021)—LHC Group, Inc. announced significant expansions of its nationwide footprint, resources and service capabilities. The company has entered into an agreement to purchase Brookdale Health Care Services agencies from the recently formed home health, hospice and outpatient therapy venture between HCA Healthcare and Brookdale Senior Living Inc.
LAFAYETTE, La. (September 7, 2021)—LHC Group, Inc. announced it has finalized its previously announced agreement to purchase Heart of Hospice from EPI Group, LLC—a deal that expands the company’s hospice footprint in five states. The agreement was first announced on June 2, 2021.
TYLER, Texas (September 7, 2021)—Trive Capital, a Dallas-based private equity firm, is excited to announce its partnership with Choice Health at Home. Headquartered in Tyler, Texas the company is a geriatric post-acute home health business that has historically served patients throughout Texas.
NASHVILLE, Tenn. (September 1, 2021)—National Seating & Mobility (NSM), a provider of comprehensive mobility solutions, has acquired Senior Safe Solutions, a home accessibility market leader in Ohio. The acquisition expands NSM’s mobility and accessibility services for clients in the area.
Legal issues to consider long before you make your exit
BOSTON (August 25, 2021)—VoiceFriend, LLC, developers of an integrated messaging and engagement solution for care communities, has announced that it received a major growth investment from Alta Lake Equity Partners LLC.
MCLEAN, Va. (August 25, 2021)—Capital One announced it served as lead arranger and administrative agent for a $600 million revolving line of credit for Addus HomeCare. With 210 offices in 22 states, Addus is a provider of personal care services as well as hospice and home health services. Over the past two years, the company has acquired seven personal care companies and four home health/hospice companies.