Over the past few years, a number of home-based care companies have been able to achieve rapid, inorganic growth. Due to these organizations’ acquisition prowess, their leaders have become experts in spotting deal landmines and goldmines. On the home care side, Care Advantage Inc. has become one of these companies. The Richmond, Virginia-based Care Advantage […]
Care Advantage Inc. acquires National Home Healthcare in Northern Virginia The Richmond, Virginia-based Care Advantage has acquired National Home Healthcare, which is based in Herndon, Virginia. National Home Healthcare marks the 16th acquisition Care Advantage has made since 2018. It’s the fourth skilled care company under the company’s umbrella, joining All About Care, Paradise Home […]
The home-based care provider Care Advantage is at somewhat of an inflection point. Last year, the private investment firm Searchlight Capital landed a majority stake in the company. With a greater access to capital, the company is determined to gain an even stronger footprint in the Mid-Atlantic U.S., and its recent acquisitions reflect that. Overall, […]
The Richmond, Virginia-based home care provider Care Advantage Inc. went through a dealmaking lull during the early days of COVID-19. Unfortunately, the pandemic has not yet completely subsided. But that lull certainly has. On Dec. 29, Care Advantage announced it acquired Dover, Delaware-based Silver Lining Home Healthcare. With the deal, the company has made three […]
CommonSpirit Health looks to sell part of its home health operations CommonSpirit Health is in talks to transfer ownership of its home health operations in Minnesota and North Dakota to an undisclosed third party, according to recently released financial documents. Currently, CommonSpirit Health operates more than 1,500 care sites and 140 hospitals across 21 states. […]
In June, Searchlight Capital Partners acquired a majority stake in Care Advantage, one of the largest in-home care companies in the Mid-Atlantic region. Aside from giving the company more firepower for future M&A activity of its own, the deal will likely help Care Advantage accelerate its value-based care strategy. The in-home care provider already has […]
The health services arena recorded more than 1,200 deals in 2019 for the second year in a row, according to the latest figures from international accounting firm PricewaterhouseCoopers. As has become the norm, long-term care was the largest sub-sector by volume throughout 2019 — with particularly strong M&A action in the home health and home […]
Care Advantage acquires Allegiance Home Care Care Advantage Inc. has acquired Allegiance Home Care, marking the 51-year-old home health provider’s 10th acquisition since it received private equity backing in January 2017. Financial terms of the deal were not disclosed. Richmond, Virginia-based Care Advantage, which is backed by New York-based PE firm BelHealth Investment Partners, provides […]
Care Advantage expands into news states with acquisitions Care Advantage Inc. has broadened its footprint in Washington, D.C., and expanded into Maryland and Delaware for the first time following two new acquisitions. The private equity-backed personal care provider acquired Capital City Nurses and its sister company, Coastal Home Care, earlier this month. Financial terms of […]
Addus Closes Public Offering of Common Stock Frisco, Texas-based Addus HomeCare Corporation (Nasdaq: ADUS) has closed an underwritten public offering of 2,100,000 shares of its common stock at a public offering price of $59.00 per share. Addus is a provider of home care, home health and hospices services operating in 157 locations across 25 states. […]
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