As more regulatory pressures force consolidation among the health care industry as a whole, home health and hospice providers also are feeling the heat — joining forces to better compete in today’s evolving landscape. Most recently, the University of Pittsburgh Medical Center, better known as UPMC, announced it would be bringing Family Hospice & Palliative Care […]
Category: M&A
As one of the fastest-growing sectors in the United States, home health care is teeming with business activity. Here are some of the industry’s latest investments, acquisitions and partnerships: Remote Monitoring Company Partners With Arcadia Home Care & Staffing Healthsense, Inc., a provider of aging services technology, announced recently its partnership with Arcadia Home Care […]
As one of the fastest-growing sectors in the United States, home health care is teeming with business activity. Here are some of the industry’s latest investments, acquisitions and partnerships: Strategic Partnership Creates Documentation, Quality Solution For Agencies Jacksonville, Florida-based Forcura and Floral Park, New York-based Quality In Real Time (QIRT) have announced a new strategic […]
Almost Family (Nasdaq: AFAM) is significantly expanding its personal care offerings by acquiring WillCare HealthCare in a roughly $50 million deal, the company announced Wednesday. With the addition of WillCare, Louisville-based Almost Family is increasing the size of its personal care segment by nearly one-third, to an expected $150 million in annual revenue, according to […]
The end-of-life care business is changing, and for large multi-agency, multi-state hospice chains, that means business is booming. In fact, chains cared for nearly half of all hospice patients in 2011, a dramatic increase from a decade prior when small, mostly nonprofit, organizations provided 75% of all care, according to a recent Forbes article, which […]
Policy changes, blockbuster mergers and acquisitions, as well as layoffs, closings and caregiver labor debates characterized the home health and hospice sector in 2014. Mounting reimbursement pressures forced some of the nation’s largest provider to shutter operations and lay off hundreds at some locations, while other big players turned to the acquisition market to fuel their […]
Dallas, Texas-based Epic Health Services, Inc. is expanding its pediatric skilled nursing and therapy services with the acquisition of Nurses to Go, LLC, a Missouri-based company that provides pediatric and adult private duty home health care services. The companies this month announced the closing of a definitive agreement, under which Epic Health Services has acquired […]
HealthSouth Corporation (NYSE: HLS) has agreed to acquire privately held EHHI Holdings, Inc., the owner of Encompass Home Health and Hospice, for approximately $750 million. The transaction has been approved by both companies’ boards and is expected to close before the end of the year, HealthSouth announced Monday. Previously, rumors suggested Cressey & Company, the […]
Mercy, a member of the largest health system in Ohio, has entered into a Care Collaboration Agreement with Senior Independence (SI), a Medicare-certified provider of home health and hospice services in Ohio. The agreement seeks to increase the overall well-being of patients through education and management of chronic diseases; reduce avoidable hospitalizations, hospital readmissions and […]
After a summer-long bid war and months of subsequent hush-hush, it finally happened: Kindred Healthcare, Inc. (NYSE: KND) and Gentiva Health Services, Inc. (NASDAQ: GTIV) have agreed to merge in a deal valued at $1.8 billion that will create a national powerhouse in the home health and post-acute care sector. WIth the agreement reached Thursday, […]
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