BRENTWOOD, Tenn. (January 4, 2021)—Numotion, a national provider of products and services that help enable mobility, health and personal independence, has acquired Wheeler’s Medical Supply, a well-respected provider of intermittent catheters and incontinence supplies based in Jacksonville, Florida with a presence in Georgia.
Mergers and Acquisitions
BIRMINGHAM, Ala. (December 16, 2020)—Brentwood, Tennessee-based Brookdale Senior Living is reportedly considering divesting its home health and hospice segment, PE Hub recently reported.
PHILADELPHIA (December 11, 2020)—CareFinders, a growing home health care provider in the Northeast region, has expanded its footprint into Pennsylvania with the addition of Union Home Care, a provider of personal homecare services based in in the Philadelphia area.
TAMPA BAY, Fla. (December 11, 2020)—Empath Health and Stratum Health System announced that their Boards of Directors have formally approved the merger of the two organizations, pending regulatory approval. The merger will create the country’s largest not-for-profit health system delivering non-acute care and services through its skilled, significant medical and holistic programs to individuals with chronic, advanced and terminal illnesses.
MISSISSAUGA, ON. (December 8, 2020)—PointClickCare Technologies, a provider of cloud-based software technology for the long-term and post-acute care market, announced its intent to acquire Collective Medical, the leading network-enabled platform for real-time cross-continuum care coordination.
COLUMBIA, Tenn. (December 1, 2020)—SleepGlad, an artificial intelligence CPAP mask fitting software company, was formed in early 2020 by Akhil Raghuram, MD, with hopes of optimizing mask fittings during sleep studies in his sleep lab—and to avoid waking the patients. The machine-learning technology is built on an artificial intelligence infrastructure that continues to maximize accuracy.
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DALLAS (November 24, 2020)—Hospice Source, a provider of durable medical equipment dedicated to the hospice market, acquired Superior Healthcare, Inc. of Martinez, California. The acquisition furthers Hospice Source's position as the largest provider of hospice focused durable medical equipment in the state of California.
DALLAS, Texas (November 18, 2020)—Dallas-based AccentCare and Rosemont, Illinois-based Seasons Hospice & Palliative Care (Seasons), along with Advent International, one of the largest and most experienced global private equity investors and owner of AccentCare, announced they have signed a definitive agreement to combine their two robust organizations.
FRISCO, Texas (November 13, 2020)—Addus HomeCare Corporation, a provider of homecare services, has announced the signing of a definitive agreement to acquire Queen City Hospice, LLC, and its affiliate Miracle City Hospice, LLC (together Queen City Hospice) for a cash purchase price of $192.0 million, representing $162.8 million of value, net of the present value of $29.2 million in estimated tax benefits.
LAFAYETTE, La., November 10, 2020)—LHC Group, Inc. announced that it has agreed to purchase East Valley Hospice and East Valley Palliative Care in Mesa, Arizona. The agreement is expected to close on Jan. 1, 2021, subject to customary closing conditions.
JOHNSTON, RI (November 6, 2020)—Spiro Health announced the successful acquisition of Absolute Respiratory Care in Johnston, Rhode Island. Absolute Respiratory Care is a home medical equipment provider in the state of Rhode Island. The acquisition will continue to allow Spiro Health to have operations across eight states and the District of Columbia; Connecticut, Maine, Maryland, Massachusetts, New Hampshire, Rhode Island, Vermont and Virginia.
FORT WORTH, Texas, (November 5, 2020)—VERTESS a health care mergers and acquisition (M&A) advisory firm, has facilitated 12 significant transactions to date in 2020 despite the many challenges posed by COVID-19. The successes were achieved on both the sellside and buyside within a variety of different healthcare verticals, including behavioral healthcare, durable medical equipment (DME), intellectual and development disabilities (I/DD), and pharmacy.
EL SEGUNDO, Calif. (November 2, 2020)—24 Hour Home Care, an in-home care organization, announced that Grace Care Management will become a part of the company this month. The merger strengthens operational support for clients in the Greater San Diego area and provides access to more caregivers and staff 24 hours a day, which is especially needed during this pandemic. Founded in 2001, Grace Care Management serves the elderly and those in need of professional care in San Diego County.
CARY, N.C. (October 21, 2020)—In a historic move, Accreditation Commission for Health Care (ACHC) and Healthcare Facilities Accreditation Program (HFAP) are joining to form a single company with the programs, knowledge and resources to provide complete, quality accreditation and certification services to health care providers globally across the entire continuum of care. HFAP will operate as a brand within ACHC, and collectively the organization will be known as ACHC.
OVERLAND PARK, Kan. (October 19, 2020)—WellSky, a global health and community care technology company, announced that it has entered into a definitive agreement with Allscripts to acquire CarePort Health (CarePort), a care coordination software company that connects acute and post-acute providers and payers.
FORT WORTH, Texas (October 7, 2020)—VERTESS, a health care mergers and acquisitions (M&A) advisory firm, announced the closing of three dynamic Intellectual and Developmental Disabilities (I/DD) service provider transactions in September 2020 in the face of health care upheaval. COVID-19 has proven to be the ultimate contender for providing, as well as accessing health care in the United States.
NASHVILLE, Tenn. (October 2, 2020)—Healthcare Provider Solutions (HPS) announced the acquisition of the homecare and hospice coding and clinical consulting provider, 5 Star Consultants LLC.
The acquisition adds 5 Star Consultants’ coding, OASIS review, and clinical consulting team to HPS, making the company ia stronger full-service homecare and hospice resource for both current and new clients.
NASHVILLE, Tenn. (October 2, 2020)—National Seating & Mobility (NSM), a complex rehabilitation technology (CRT), mobility and accessibility solutions expert, has acquired CRT provider Travis Medical Sales Corporation making NSM the largest and only collective provider of complete mobility solutions, from CRT and accessibility to service and supplies, nationwide.
CINCINNATI, Ohio (September 30, 2020)—Queen City Hospice, a Cincinnati-based end-of-life care service provider, with a presence in Columbus as Capital City Hospice and Dayton as Day City Hospice, has successfully completed the acquisition of a hospice care provider in Northeast Ohio and has launched Miracle City Hospice. This acquisition will enable the company to provide services in the greater Cleveland metropolitan area and other nearby communities.
FORT WORTH, Texas (September 22, 2020)—VERTESS, a health care mergers and acquisitions (M&A) advisory firm, announced the closing of four major durable medical equipment (DME) health care transactions in Q2 and Q3 2020, despite challenges brought on by the pandemic. Even during unprecedented times, 2020 has been steadily gaining momentum within the DME industry. With several successful transactions this year, traction continues to increase in this sector.
IRVINE, Calif. (September 15, 2020)—Jet Health, Inc., a provider of home health and hospice services, announced the acquisition of Carrington Hospice Care, Inc., an Arlington, Texas-based hospice company. The acquisition marks Jet Health’s second in the hospice arena, and furthers its strategy to offer hospice care in the current home health markets it serves.