BANNOCKBURN, Ill. and DENVER (August 7, 2019)—Option Care Enterprises, Inc. (Option Care) and BioScrip, Inc. (BioScrip) announced the successful completion of a merger, which follows the satisfaction of the transaction’s closing conditions, including approval by BioScrip shareholders and the receipt of all necessary regulatory approvals.
Mergers and Acquisitions
LAFAYETTE, La. (August 6, 2019)—LHC Group, Inc. announced that it has finalized a joint venture (JV) expansion agreement in Missouri, formed a new JV partnership in Alabama, and purchased the assets of two home and community based services (HCBS) locations in Ohio—all effective August 1.
IRVINE, Calif. (May 8, 2019)—Jet Health, Inc., a leading regional provider of home health services, announced today the acquisition of First Choice Home Health and Hospice, a Boise, Idaho-based home health and hospice company. The acquisition marks Jet Health’s foray into the hospice arena.
A multifaceted approach to M&A activity
SHOREVIEW, Minn. (April 11, 2019)—Maxwell Healthcare Associates (MHA), a home health and hospice consulting firm, announced tremendous company growth led by tripling its year-over-year top-line performance. In the last year MHA doubled its customer base, more than tripled its consultant count, added new partners and broadened its service lines.
BIRMINGHAM, Ala. (April 3, 2019)—Encompass Health Corp., the fourth-largest provider of Medicare-certified skilled home health services, will buy the assets of the privately owned Alacare Home Health & Hospice.
The companies announced the deal on April 1; the terms were not disclosed. Birmingham, Alabama-based Alacare operates 23 home health locations and 23 hospice locations in Alabama and generated about $117 million in revenues last year.
CHICAGO (April 1, 2019)—BrightStar Care, an in-home care franchise, is igniting its growth strategy of targeting independent in-home care agencies that make viable candidates to convert to the BrightStar Care system.
DENVER, Colo. and BANNOCKBURN, Ill. (March 20, 2019)—BioScrip, Inc. (BioScrip) and Option Care Enterprises, Inc. (Option Care), independent providers of home and alternate treatment site infusion therapy services, announced that they have entered into a definitive merger agreement.
LENEXA, Kan. (February 27, 2019)—WellSky, a health and community care technology company backed by TPG Capital, and Health Care Software, Inc. (HCS), a provider of integrated clinical and financial IT software for long-term and post-acute care providers, today announced that WellSky has acquired HCS.
Preparing to retire when there is not a buyer for your store
INDIANAPOLIS, Ind. (February 6, 2019)—Rehab Medical, Inc., a national complex rehab technology (CRT) company, announced it has acquired OMS Rehab. The acquisition of OMS Rehab expands Rehab Medical’s current product line of custom advanced wheelchairs and wound care products to orthotic devices.
LENEXA, Kan. (December 14, 2018)—WellSky, a health and community care technology company backed by TPG Capital, has acquired Consolo Services Group, a provider of fully-integrated, web-based IT solutions for the hospice and palliative care industries. Consolo offers WellSky an entry point in palliative, adult day and memory care markets.
ATLANTA (December 17, 2018)—Brightree, a provider of cloud-based software helping out-of-hospital providers improve business performance and patient outcomes, announced it has acquired privately held mobile delivery and cloud-based software-as-a-service (SaaS) provider Apacheta Corporation, further expanding the SaaS portfolio of Brightree’s owner, ResMed.
E. PROVIDENCE, R. I. (December 5, 2018)—Paragon Ventures has announced the sale of Independence HomeHealthWares to Point Ventures Inc. Independence is a provider of home medical equipment, supplies and related services throughout Rhode Island and nearby Massachusetts.
SAN DIEGO (December 4, 2018)—ResMed, a provider of cloud-connected medical devices and out-of-hospital software-as-a-service (SaaS) business solutions, announced it has entered a definitive agreement to acquire Propeller Health, a digital therapeutics company providing connected health solutions for people living with chronic obstructive pulmonary disease (COPD) and asthma.
CHULA VISTA, Calif. (December 3, 2018)—Solara Medical Supplies (Solara), a direct-to-patient supplier of advanced diabetic devices, including continuous glucose monitors, insulin pumps and other supplies for the intensively managed diabetic, announced the acquisition of Huey’s Home Medical Inc. (HHM), an Illinois-based direct-to-patient provider of durable medical equipment and supplies.
EXETER, Penn. (December 3, 2018)—Pride Mobility Products Corporation has sold its lifts and ramps division to Harmar Mobility LLC.
This move allows Pride Mobility to further focus its efforts on developing consumer-driven mobility products in its scooter, power chair and lift chair product lines.
ANNAPOLIS JUNCTION, Md. (November 19, 2018)—Colfax Corporation, a diversified technology company, announced that it has entered into a definitive agreement to acquire DJO Global Inc. (DJO) from private equity funds managed by Blackstone for $3.15 billion in cash. DJO is a provider of orthopedic solutions, software and services spanning the full continuum of patient care, from injury prevention to rehabilitation.
BRENTWOOD, Tenn. (November 13, 2018)—Numotion announced its acquisition by an affiliate of AEA Investors LP. AEA acquired controlling interest in Numotion from LLR Partners and Audax Group. LLR Partners has reinvested in Numotion as a minority shareholder. The private equity firms are partnering with Numotion’s existing management team to help fund the company’s continuing growth initiatives. Harris Williams & Co. served as financial advisor to Numotion.
LIBERTY LAKE, Wash. (November 8, 2018)—Two of Washington state’s largest homecare agencies, Seattle-based Family Resource Home Care and Spokane-based Family Home Care, announced completion of a merger that will make the combined entity one of the largest homecare providers in the nation. The new combined entity will retain the Family Resource Home Care name.
BRENTWOOD, Tenn. (November 6, 2018)—Numotion, a provider of complex rehab technology (CRT), has acquired the CRT division of Medsource, extending its reach and capabilities in Utah, Arizona, Nevada and Idaho. Medsource has been in business since 1989, providing custom mobility products to customers across the region.
SAN DIEGO (November 5, 2018)—ResMed announced it has signed a definitive agreement to acquire privately-held MatrixCare, a provider of long-term post-acute care software, serving more than 15,000 providers across skilled nursing, life plan communities, senior living and private duty.