WellSky, a health and community care technology company backed by TPG Capital, has acquired Consolo Services Group, formerly a portfolio company of Bluff Point Associates that provides healthcare IT services with a focus on hospice. Financial terms are not being disclosed. The deal expands WellSky’s investment in hospice and offers an entry point into other […]
Category: Acquisitions
Earlier this year, Bain Capital Double Impact acquired and combined two regional health care companies, Arosa and LivHome, creating a new national in-home care provider. The combined company is led by Ari Medoff, whose background includes an application to the Marines as well as stints with major investment banks and private equity firms. He’s focused […]
Advantage In-Home Services, a provider of personal home care, has been acquired by Alpine Investors* and will partner with Alpine’s portfolio company TEAM Public Choices. The deal should help TEAM expand geographically and service-wise, and will yield liquidity to Advantage’s founder, who is retiring. Financial terms were not disclosed. Prior to this transaction, Advantage In-Home […]
Humana (NYSE: HUM) and Walgreens Boots Alliance (NYSE: WBA) are in talks to expand their business relationship, which could include taking equity stakes in each other, according to a report published Tuesday by The Wall Street Journal. The negotiations are in early stages, WSJ reported, citing unnamed sources who are familiar with the matter. Neither […]
Help Unlimited and Honor Announce Partnership Help Unlimited is partnering with technology-driven home care company Honor to provide more reliable and transparent care for aging adults in a well-known California county. San Francisco-based Honor — backed by $150 million in venture capital since launching in 2015 — is a non-medical home care company that provides care […]
Private equity firm Onex Corp. is considering a sale of home care giant BrightSpring Health, formerly known as ResCare, according to a Sept. 11 report from PE Hub. PE Hub cited “people familiar with the matter” in its article. Onex had not responded to requests for comment from Home Health Care News as of press […]
Connect With C-Suite Executives and Thought Leaders in Home Health This Spring Space filling quickly – request your invite today Home Health Care News (HHCN) is hosting the inaugural Capital + Strategy Forum on April 10, 2019, in Washington, D.C.. This full-day event attracts home care, hospice, private duty, investment bankers, insurance industry and health system […]
Making moves to become a larger force in aging-in-place technology, retail giant Best Buy (NYSE: BBY) has agreed to acquire GreatCall for $800 million in cash. GreatCall has developed and sells senior-friendly smartphones, smartwatches, medical alert devices and other technology to support and extend older adults’ independence. “[Best Buy] has recently been investing in health-related […]
Leaders with LHC Group (Nasdaq: LHCG) struck an optimistic tone following the release of second quarter 2018 financial results. The integration of Almost Family is proceeding smoothly, joint venture and acquisition activity is favorable, and forthcoming regulatory changes should not cause major disruptions, they said Thursday during an earnings call. On April 1, LHC Group […]
Earlier this year, a three-way merger created one of the largest home health providers in the United States, and the combined company now is rebranding as “Elara Caring.” The merger, which closed in May, unites Jackson, Michigan-based Great Lakes Caring; Cromwell, Connecticut-based National Home Health Care; and Addison, Texas-based Jordan Health Services. Backed by private equity […]
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