#mergers

Jun 14, 2021
3 min

Home Health In, Hospice Spun Off: Explaining Humana’s Kindred Approach

When Humana Inc. (NYSE: HUM) joined forces with TPG Capital and Welsh, Carson, Anderson & Stowe (WCAS) to acquire Kindred Healthcare in July 2018, it saw an opportunity to test out the home health waters. As a result of that $4.1 billion deal, Humana landed a 40% stake in Kindred at Home, with the aforementioned private equity giants controlling the remainder. After determining those waters were to its liking, the Louisville, Kentucky-based health insurer decided to dive deep

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Jan 7, 2021
1 min

Summit BHC Acquires Seabrook

FRANKLIN, TENN. (PRWEB) JANUARY 07, 2021 Summit BHC, a leading national provider of behavioral health and addiction treatment services, has acquired Seabrook, an addiction treatment provider in New Jersey, effective Dec. 21, 2020. Seabrook’s operations include a 153-bed inpatient treatment facility located on 40 acres in Bridgeton, New Jersey, along with three additional intensive outpatient programs operating in Cherry Hill, Morristown, and Shrewsbury. This acquisition marks

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Dec 30, 2020
1 min

Care Finders Total Care Continues to Build Philadelphia Footprint With Addition of ORI HomeCare

HASBROUCK HEIGHTS, N.J., Jan. 7, 2021 /PRNewswire/ — Care Finders Total Care, LLC (CFTC) is pleased to announce the addition of another outstanding homecare agency to their Pennsylvania group of companies. ORI HomeCare follows on the heels of their recent acquisition of Union Home Care and provides an even deeper base for CFTC in the greater Philadelphia area. This partnership allows Care Finders Total Care, LLC to build on the two dominant service models offered in Philadelp

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Dec 21, 2020
1 min

Landmark Recovery Acquires Las Vegas Recovery Centers

LAS VEGAS–December 21, 2020 –(BUSINESS WIRE)–Landmark Recovery – announced the opening of a new in-patient drug and alcohol recovery treatment center in Las Vegas on Dec. 18. Landmark worked with Wellness Real Estate Partners (“WREP”), a private real estate company focused exclusively on investing in real estate leased to behavioral health companies. WREP facilitated the transaction by providing the capital necessary to acquire the real estate previously owned by Las Vegas Re

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Nov 12, 2020
1 min

New Capital Partners and OSF Ventures, part of the OSF Health System, acquired DotCom Therapy, Inc.

PEORIA, Ill., Nov. 12, 2020 /PRNewswire/ — OSF Ventures has joined an early round of funding for Madison, Wisconsin-based DotCom Therapy, a therapist-founded company specializing in skilled, face-to-face, online therapy services. Speech language pathologist Rachel Robinson founded the company in 2015 as a solution to widespread therapy shortages for children across the country. “We really saw value in a company that is filling the need for mandated special education services

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Sep 6, 2020
1 min

The Pennant Group Acquires Texas Home Health Agency

EAGLE, Idaho, Sept. 16, 2020 (GLOBE NEWSWIRE) — The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice and senior living companies, today announced that it has acquired the assets of CMS Home Health Care, which has locations in Brownwood and Coleman, Texas. The acquisition was effective September 16, 2020. Danny Walker, Pennant’s Chief Executive Officer, commented, “With sister operations in Abilene, Austin, and Dall

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Jul 14, 2020
5 min

Home Health, Home Care & Hospice M&A Report: Q2 2020

Overall Transaction Activity Dipped in Q2, but Hospice M&A Remains Strong Post-acute care transaction activity experienced a marked lull during the second quarter of 2020, as was to be expected based not only on a tumultuous health care landscape and the financial marketplace due to the COVID-19 pandemic but a post-Patient-Driven Groupings Model operating landscape. The initial rise in COVID-19 cases nationwide in April combined with the spread of the virus across the souther

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Jun 1, 2020
2 min

Kindred to Expand in Behavioral Health in Texas

LOUISVILLE, Ky.–(BUSINESS WIRE)–Kindred Healthcare, LLC (“Kindred” or the “Company”) today announced it has signed a definitive agreement with WellBridge Healthcare (“WellBridge”) to acquire two behavioral health hospitals, WellBridge Greater Dallas and WellBridge Fort Worth, in the Dallas-Fort Worth metropolitan area. WellBridge Greater Dallas and WellBridge Fort Worth provide a full continuum of inpatient and outpatient behavioral health services to senior and adult populat

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May 20, 2020
2 min

Broadstep BH Receives Investment from Bain Capital

RALEIGH, N.C. and BOSTON, May 20, 2020 /PRNewswire/ — Broadstep Behavioral Health, a leading provider of programs and services to individuals living with intellectual, developmental or behavioral disabilities, today announced it has received a significant investment from Bain Capital Double Impact. Broadstep, which formerly operated as Phoenix Care Systems, Inc., is partnering with the impact investing business of Bain Capital to further expand its integrated, high-quality ca

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May 18, 2020
1 min

The Pennant Group Acquires Arizona Hospice Agencies

EAGLE, Idaho, May 18, 2020 (GLOBE NEWSWIRE) — The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice and senior living companies, today announced that it has acquired two affiliated hospice agencies in Arizona: Prime Hospice, operating in the Phoenix metro area; and Harmony Hospice of Arizona, located in Kingman and serving northwestern Arizona The acquisition was effective May 16, 2020. “These acquisitions are a gre

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May 18, 2020
2 min

Acorn Health Acquires Behavior Basics

Acorn Health Acquires Behavior Basics, LLC in Alexandria, VA May 18, 2020 02:37 PM Eastern Daylight Time MIAMI–(BUSINESS WIRE)–Acorn Health, a national provider of Applied Behavior Analysis (“ABA”) therapy for children diagnosed with autism, is pleased to announce the acquisition of Behavior Basics, LLC, a provider of high quality, center-based and in-home ABA therapy in Alexandria, Virginia. The acquisition of Behavior Basics expands Acorn Health’s current capabilities in th

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May 15, 2020
2 min

Baymark Health Services acquires two Suboxone Clinics

NEW ORLEANS (PRWEB) May 15, 2020 AppleGate Recovery, a BayMark Health Services company, announced this week the acquisition of Medication Assisted Recovery Centers (MARC), an office-based opioid treatment (OBOT) program with two locations near New Orleans, LA. The clinics, situated in Metairie and Slidell, provide medication-assisted treatment (MAT) and recovery services in a physician’s office setting. AppleGate Recovery now operates 8 clinics serving the residents of Louisi

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Mar 4, 2020
3 min

What is Driving the Surge in Hospice M&A?

What is Driving the Surge in Hospice M&A? And how long will it last? 2019 was a banner year for hospice mergers and acquisitions activity. Of the roughly 101 home health, home care, and hospice M&A transactions that took place, 42 were hospice-related deals. Hospice didn’t just make headlines for volume, it also accounted for the largest deals in the fourth quarter of 2019. Multiple factors created an impressive 2019 that helped hospice providers ride a wave of successful tra

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