Transactions: Dover Health Expands Through Acquisition; Parkview Forms JV With CommonSpirit Health at Home

Dover expands footprint

Dover Health is expanding its footprint into Illinois. The company has acquired Centered Care Hospice and Palliative Care, and Cornerstone Home Health.

Through the acquisitions, Dover Health will now serve Cook, DeKalb, DuPage, Grundy, Kane, Kankakee, Kendall, Lake and Will counties in Illinois.

Dover Health is a health care organization that offers a variety of services, as well as home health, hospice and palliative care. Currently, the company operates in St. Louis, Jefferson, St. Charles, Franklin and Lincoln counties in Missouri.

“Our leaders bring decades of experience and a mission-focused approach, ensuring that we invest in our caregiving team so they can deliver the best health care to our special population of patients,” Steven Burghart, president of Dover Health, said in a press statement. “We also specialize in coordinating with seniors housing to create the best collaborative team for everyone involved in supporting our seniors.”

Parkview Health teams up with CommonSpirit Health at Home

Parkview Health and CommonSpirit Health at Home have teamed up to form a new joint venture to provide home-based care across northeast Indiana. The partnership has been dubbed Parkview Health at Home and launched last month.

“As demand for home health care continues to grow, Parkview has a vision to expand access to the high-quality care our communities deserve,” Dr. Greg Johnson, regional market president for Parkview Health, said in a press release. “This partnership allows Parkview to work with another industry expert to enhance the patient experience. Together, we’ll maximize resources and best practices to meet the evolving needs of the region. As we continue to provide compassionate care, our goal is to advance the way it’s delivered.”

Parkview Health is a not-for-profit, community-based health system that serves northeast Indiana and northwest Ohio.

On its end, CommonSpirit Health at Home is headquartered in Milford, Ohio. It offers specialized home care, home infusion, hospice and medical transportation services nationwide. The company is the home-based care arm of health system CommonSpirit Health.

Under the JV, Parkview home health employees became CommonSpirit employees.

“Throughout the transition, both organizations worked hard to care for our people and respect their preferences, such as schedules and work locations,” Johnson said. “Change can be difficult, and we appreciate the flexibility and teamwork we’ve seen over the last few weeks. Our people truly make all the difference, and we look forward to serving our community with them as Parkview Health at Home.”

CommonSpirit Health at Home’s interim president and CEO, Trisha Crissman, believes that both organizations have the same key goals.

“Parkview Health and CommonSpirit Health at Home share common core, organizational values and are highly aligned around long-term strategies to expand access to care in the home,” she said in the press release. “Both organizations will partner together as we align our strengths to home health care services to care for more people in need within the community.”

BrightSpring Health Services closes multiple acquisitions

BrightSpring Health Services (Nasdaq: BTSG) has completed several tuck-in and strategic acquisitions.

These deals include a home-based primary care group in Arkansas, an institutional special needs health plan in Kentucky and Tennessee, and a home and community pharmacy in Texas.

All of these transactions took place at the start of May.

“We are excited to welcome these companies into our organization and further strengthen our medical and pharmacy services coverage for individuals in home health to long-term care settings,” Jon Rousseau, president and CEO at BrightSpring, said in a press statement. “At BrightSpring, we strive to grow and integrate our service lines to reach more people in need across the care continuum, endeavoring as best possible to deliver high-quality and impactful health services directly where people reside.”

Based in Louisville, BrightSpring delivers care to patients in the home and in the community. The company focuses on complex populations, offering primary care, home- and community-based services, pharmacy services and rehab services to over 400,000 consumers throughout 50 states.

Tuesday Health receives a $60 Million strategic investment

Tuesday Health, a value-based care company, has secured a $60 million funding round.

The investors include Valtruis, Blue Venture Fund, Mass General Brigham Ventures and CareSource.

“Leveraging clinical expertise, advanced data solutions, and cutting-edge technology, while partnering with Ohio’s largest Medicaid plan, its largest hospice provider and the unmatched palliative care experience of Mass General, Tuesday Health is dedicated to tackling one of healthcare’s biggest challenges-providing support and care in the right setting, at the right time, for those facing serious illness,” Jim Wieland, CEO of Tuesday Health, said in a press release.

Thyme Care locks down investment from Echo Health Ventures and CVS Health Ventures

Thyme Care — a value-based cancer care enabler — has received an investment from Echo Health Ventures, a strategic investment platform investing on behalf of multiple Blues health plans, and CVS Health Venture.

“The investment from Echo and CVS is a milestone moment for Thyme Care driven by our commitment to working with partners dedicated to rethinking how we deliver and pay for cancer care,” Brad Diephuis, chief operations officer and president at Thyme Care, said in a press release. “We’re thrilled to welcome them to the team, and we look forward to leveraging their deep industry insights.”

The investment will fuel the national expansion of Thyme Care’s value-based cancer care model.

“Cancer care today is challenging for everyone involved. Patients and families are forced to navigate a complex and frightening care journey, while providers struggle to offer personalized care in a rapidly evolving and often heterogeneous case mix, and health plans grapple with skyrocketing costs,” Kurt Sheline, a partner at Echo Health Ventures, said in the press release. “We believe Thyme Care’s member-centric and provider-integrated approach is unique and has the potential to transform this status quo toward a value-based future that aligns incentives to improve outcomes and lower costs.”