HouseWorks has acquired the Pittsburgh-based personal care services company Bridge City Home Care. The transaction further increases HouseWorks Pennsylvania footprint. One of the reasons Bridge City Home Care was an attractive acquisition target to HouseWorks was because of an existing relationship. “Bridge City was owned by the same individual who previously owned Druk Home Care, […]
HouseWorks
HouseWorks – one of the largest non-franchised home care providers in the U.S. – has executed another deal. The company has acquired AccordCare’s personal care division in Connecticut, which operates under the brands Companions & Homemakers and Companions Forever. The acquisition will bring HouseWorks into Connecticut for the first time, and further expand its footprint […]
Home-based care stakeholders are navigating a very different environment than they were in the past. No one understands that better than prolific acquirers like HouseWorks, PurposeCare and Care Advantage. All three companies are doing unique things to maintain growth in 2024, however. Firstly, over the last few years, there has been a vast chasm between […]
Transaction volume for home health, home care and other in-home care businesses dipped in 2023, with inflation, higher interest rates and global unrest contributing to the downturn. Many home-based care stakeholders anticipated M&A to rebound in 2024, however, thanks to increased loan activity in January, greater buyer-seller consensus and private equity’s record-high levels of “mature” […]
One of the most well-established independent home care companies in the nation is heading into the new year with a new identity – and a much larger overall business. Just a few years ago, the Greater Boston-based HouseWorks brought in about $25 million in annual revenues, with nearly all of that coming from private-pay home […]
Home-based care dealmaking trends generally give a good idea of what’s going on in the space at large. They show you where the money is headed, and where it’s not. They show you where the Centers for Medicare & Medicaid Services’ (CMS) stroke of the pen has impacted investment or transaction activity. The trends show […]
The home care industry, so far, has had a relatively quiet 2023. Over the past few years, the home care space has been defined by ample private equity investment, aggressive provider roll-ups, exciting Medicare Advantage (MA) developments and innovative cross-continuum partnerships. There has been much less action this year, despite the continued focus on social […]
HouseWorks acquires Care and Help Home Care, Amedisys’ personal care division The Massachusetts-based HouseWorks is expanding its footprint in Pennsylvania by acquiring Care and Help Home Care. Care and Help Home Care is a privately-owned personal care provider serving the greater Philadelphia area. “We are excited to welcome the Care and Help team to the […]
HouseWorks announced earlier this week that it would be acquiring Associated Home Care (AHC), the personal care division of Amedisys Inc. (Nasdaq: AMED). In addition to the two directly involved parties, HouseWorks CEO Michael Trigilio believes that the key winners from the deal are the caregivers and payers. “The workforce is going to have great […]
Amedisys Inc. (Nasdaq: AMED) announced Wednesday that it has signed a definitive agreement to divest its personal care division to HouseWorks. As a company, Amedisys delivers a number of offerings, including home health, hospice, personal care and high-acuity care services. Home health and hospice are its two largest segments. After Wednesday’s announcement, the plan is […]
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