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The Pennant Group secures 2 more acquisitions
The Pennant Group has completed two acquisitions thus far in May.
Announced first was its acquisition of the Davis County, Utah-based South Davis Home Health and South Davis Hospice.
“This acquisition provides us with an opportunity to further expand in the state of Utah, and will complement our agencies throughout central and northern Utah,” Pennant CEO Brent Guerisoli said in a statement. “We continue to be the provider of choice in these communities, and this opportunity expands our ability to provide life-changing hospice services to residents of Davis County and its surrounding communities.”
Based in Eagle, Idaho, Pennant is a holding company of independent operating subsidiaries, including 112 home health and hospice agencies and 53 senior living communities spanning 14 states.
Guerisoli also reiterated the company’s commitment to more transactions in the near-term future, and two weeks later, the company announced another hospice acquisition.
Pennant also acquired the Corpus Christi, Texas-based Nurses on Wheels, a provider of hospice services.
“We are excited to expand the reach of our hospice operations in south Texas,” Guerisoli said in a statement. “Our strategy of empowering local leaders to meet the needs of local communities has resonated deeply across our platform and we look forward to bringing our innovative operating model and high-quality resources to enhance the services offered in South Texas.”
Family Resource Home Care acquires Specialty Service Solutions
The Liberty Lake, Washington-based Family Resource Home Care has acquired Specialty Service Solutions.
Specialty Service Solutions is also a home care provider, and will integrate into Family Resource’s existing footprint in the Moses Lake, Washington area.
“Specialty Service Solutions is a fantastic addition to our growing Moses Lake operation. We’ve been aware of their strong presence and reputation in the market for quite some time and the ability to integrate them into our company is an honor,” Family Resource CEO Hector Barragan said in a statement. “Their team brings additional market intelligence and expertise that will be valuable as we continue to expand our services in central Washington.”
Family Resource provides home care services across 35 locations spanning Washington, Idaho and Oregon.
“After founding Speciality Service Solutions, LLC in 2017 with over 20 years in health care, I was motivated by the desire to provide a needed service that makes a difference in people’s lives,” Emilie Milburn, the founder and owner of Specialty Service Solutions, said in a statement. “I’m excited to be able to integrate my business with Family Resource, while retaining roles for all of my office and caregiving staff with Family Resource Home Care.”
Milburn will stay on as the branch manager for Family Resource in Moses Lake.
Compassus, Bon Secours Mercy Health finalize joint venture
In February, Compassus and Bon Secours Mercy Health announced that they would be partnering on a home health and hospice venture across five states.
As of early May, that joint venture agreement has been finalized.
“Together, Compassus and Bon Secours Mercy Health will support continuity of care while providing patients and families with options to receive hospice and home health at home or in residential care facilities,” Compassus COO Laura Templeton said in a statement. “The BSMH health system is an innovator and leader in care, which make this joint venture an ideal partnership. As mission-aligned organizations, we are committed to upholding the high standards of care that BSMH patients are accustomed to and that Compassus is known for across the country.”
The Brentwood, Tennessee-based Compassus provides home health, hospice, palliative care and home infusion services to more than 100,000 patients annually across more than 250 locations in 29 states.
In the agreement with Bon Secours Mercy Health, it will operate and manage 10 home health agencies and 11 hospice operations on behalf of the health system. Those locations span Florida, Illinois, Kentucky, Ohio, South Carolina and Virginia.
Arden Home Health & Hospice acquires Mid-Delta Home Health
The Hattiesburg, Mississippi-based Arden Home Health & Hospice has acquired Mid-Delta Home Health, which is a “40+ year family-owned, Mississippi business covering predominantly the Mississippi Delta and surrounding areas,” according to the two companies.
Arden Home Health & Hospice was founded in the fall of 2023, and has quickly added to its portfolio.
“As of May 1, 2024, Arden is now the largest home health and hospice company that is proudly owned, headquartered, and operating in the State of Mississippi,” the company said.
Community Based Care acquires HCBS provider
The home- and community-based services (HCBS) provider Community Based Care has acquired CustomCARE, a Minnesota-based home care provider.
Community Based Care providers home care and I/DD support to over 5,000 clients in Florida, North Carolina, Ohio, Rhode Island and Virginia. It has over 3,000 team members.
Meanwhile, CustomCare provides HCBS services across 87 counties in Minnesota.
“We are thrilled to welcome CustomCARE into the Community Based Care Family of Providers,” Community Based Care CEO Mike Kotzen said in a statement. “This partnership aligns perfectly with our mission to provide high quality, personalized care to the families and individuals we serve. By combining resources, we will further enhance our ability to deliver comprehensive home care solutions on a greater scale that promotes independence, dignity, and well-being for all our clients by bringing the care they need to the place they love, their home.”
Companies featured in this article:
Arden Home Health & Hospice, Community Based Care, Compassus, Family Resource Home Care, The Pennant Group
