FORT WORTH, Texas—VERTESS, a health care mergers and acquisitions (M&A) advisory firm, announced the closing of five major health care transactions in Quarter 3 (Q3) 2023 with a combined total transaction value of $75 million. The five transactions were in various health care verticals. The headwinds faced earlier in the year due to global and domestic economic pressures are clearing and signs for a profitable Q4 and 2024 are strong, VERTESS said.

DALLAS—Havencrest Capital Management (Havencrest), a Dallas-based health care private equity firm, announced the third acquisition under its Avid Health at Home (Avid) platform: Independence 4 Seniors (I4S), a Chicago-area homecare provider.

WASHINGTON—The Justice Department announced charges against a former executive at HealthSun Health Plans Inc. (HealthSun)—a Medicare Advantage organization that operates Medicare Advantage plans in South Florida—for her role in a multimillion-dollar Medicare fraud scheme. 

ASHEVILLE, North Carolina—Aeroflow Healthcare, a nationwide provider of durable medical equipment through insurance, celebrated a state legislation change that it actively advocated for with the passing of California’s AB 1203.

ATLANTA—TZMO USA announced that Christian DePhilippis and Sam Keller have joined their growing Seni sales team. DePhilippis has experience promoting advanced wound care products to hospitals, long-term care communities, home health agencies, hospice agencies and physician offices. DePhilippis will oversee the Southern California market.

NORTH HAVEN, Connecticut—Holly Haringa has joined Corcoran Consulting Group LLC as director of operations and consultant. She oversees the group’s marketing efforts, client and consultant coordination and administrative support functions. Additionally, Haringa will collaborate with Corcoran team members and support the goals of its homecare agency clients.
 

MOORESTOWN, New Jersey—David Baiada, CEO of BAYADA Home Health Care, has been elected to lead the board of directors of The Partnership for Quality Home Healthcare (PQHH). Baiada is assuming this role after serving as treasurer. BAYADA is a founding member of the partnership and an advocate for home health and home care patient populations.

VENICE, Florida—LiveCare, Inc. (OTC:LVCE), a telehealth company, announced the expansion of its services into Texas and Ohio, a key development in its state expansion initiative. This expansion, increasing LiveCare's reach, has been conducted in conjunction with Bikham Healthcare, a multinational provider of health care support services and solutions specializing in revenue cycle management, medical billing and credentialing

PITTSBURGH—A federal court is requiring a Pittsburgh staffing agency and its owner to pay $208,044 in back wages and liquidated damages to 96 home health workers misclassified as independent contractors by the employer who, in turn, failed to pay them their full wages.
 

SPARTANBURG, South Carolina—LSPedia, a traceability solution provider, and RedSail Technologies, a pharmacy software and services provider, announced their partnership aimed at giving dispensers a holistic solution for pharmacy management and Drug Supply Chain Security Act (DSCSA) compliance.