Home health care is listed among the top areas for private equity investment in 2014 in a Beckers Hospital Review article on trends for 19 niche investment areas in the health care space. “While the overall volume of transactions in 2013 declined from 2012, there was significant growth in certain sub sectors of healthcare,” says […]
Category: M&A
Health care merger and acquisition activity closed out last year on a high note despite lower volume on a yearly basis, bolstered by home health and hospice transactions. The home health and hospice sector logged a 100% increase in deal volume from the third quarter to end 2013, according to Irving Levin Associates’ Health Care […]
National home care provider LHC Group (NASDAQ: LHCG) is getting even bigger. The company announced this week it will acquire Deaconess HomeCare and Elk Valley Health Services—two subsidiaries of BioScrip, Inc.—for $60 million. The deal will bolster LHC’s geographical footprint to include 342 locations across 27 states. Deaconess HomeCare, established in 1969, and Elk Valley […]
SCL Health System and its joint venture partner Univita Health recently announced the acquisition of Denver-based All Care Home Health LLC for an undisclosed amount. All Care is a home health care company that provides skilled nursing, physical and occupational therapy, and social work services in the Denver metro area. The acquisition marks an execution […]
Kindred Healthcare, Inc. (NYSE:KND) announced on Tuesday the closing of its previously announced, $95 million acquisition of Senior Home Care, Inc. The transaction was financed with Kindred’s operating cash flows and proceeds from a revolving credit facility. Senior Home Care, a home health provider with 47 locations in Florida and Louisiana, currently generates annualized revenues […]
Kindred Healthcare, Inc. has agreed to acquire Synergy Home Care, a home health care provider that operates in 17 locations throughout Louisiana, as part of its overall acquisition of Senior Home Care. Details of the transaction, which is expected to close in the fourth quarter of 2013 pending regulatory approvals, were not disclosed. The pending […]
Almost Family, Inc., a national provider of home health care services, today announced it has signed a definitive agreement to acquire the stock of SunCrest HealthCare for $75.5 million—the largest acquisition in the company’s history. SunCrest, a provider of skilled home health and personal care services generated over $150 million in revenue in 2012. The […]
Despite a rising number of healthcare deals in the third quarter, home health and hospice lagged the remainder of the health care services market, falling 44% year over year. Health care mergers and acquisitions increased at a rate of 13% year over year with long-term care services mergers outpacing that average at a rate of […]
Kindred Healthcare, Inc. (NYSE: KND) today announced it has entered into agreements to renew early its leases with Ventas, Inc. (NYSE: VTR) for 48 properties comprising transitional care hospitals and nursing centers. Kindred will renew the existing leases for three transitional care hospitals and 15 nursing and rehabilitation centers for an additional five year term […]
Interim HealthCare Inc., a national network of home care, hospice and health staffing franchises, has gone global with the acquisition of UK-based Bluebird Care Franchises Limited. Founded in 2004, Bluebird Care has more than 180 franchise operations which provide non-medical care services in England, Wales, Scotland, Northern Ireland and the Republic of Ireland. The acquisition […]
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