NEW YORK—Firmament, a provider of structured equity and debt capital solutions to small- and medium-sized enterprises, announced an investment in Prime Providers ("Prime" or the "Company"), to support the Company's acquisition of Right Choice In-Home Care ("Right Choice"). Prime is a home-based health care organization providing private-duty nursing, applied behavior analysis (ABA) therapy and related services to patients across California.
WHITMORE LAKE, Michigan—Trace Medical, a provider of advanced respiratory rentals and biomedical services, has announced a long-term distribution agreement with Outset Medical to rent the Tablo Hemodialysis System to home medical equipment (HME) providers.
As part of this agreement, Trace Medical will leverage its national distribution network to offer HME providers exclusive access to rent Tablo and meet the growing demand of dialysis patients seeking treatment at home.
WASHINGTON—The Halifax Group (Halifax), a middle market private equity firm that partners with management to invest in market-leading companies, announced that it has agreed to acquire the Worldwide Home Care division of Sodexo, (company), including its home care subsidiaries in the U.S., U.K., Ireland, France, Denmark, Norway, Sweden and Brazil.
The Cigna Group, headquartered in Connecticut, has agreed to pay $172,294,350 to resolve allegations that it violated the False Claims Act by submitting and failing to withdraw inaccurate and untruthful diagnosis codes for its Medicare Advantage Plan enrollees in order to increase its payments from Medicare.
DALLAS—Elara Caring, a full-scale, multi-state home health provider of clinical and personalized services, has acquired American Family Home Health, a 35-person, privately owned skilled home health care provider in Huntley, Illinois, within Winnebago County.
MALSCH, Germany—Sunrise Medical, a provider of advanced assistive mobility solutions, announced its strategic acquisition of Ride Designs, a provider of custom seating systems for wheelchair riders. This acquisition marks an expansion of Sunrise Medical's custom seating offerings, clinical expertise and service capabilities.
The American Association for Homecare (AAHomecare) added another home medical equipment (HME) industry veteran to the team. Stephanie Legree was named to a newly created project manager position. Legree has more than 20 years of experience at Binson’s Home Health Care in progressively responsible positions, including her most recent role as co-director of the business office and vice president of government affairs.
NORTHFIELD, Illinois—Medline celebrated its now fully operational 710,000-square-foot distribution center in Salt Lake City, Utah. To commemorate the milestone, local dignitaries, Cairo Wasfy, chief resource officer of Ardent Health Services, representatives from Medline and other major hospitals and health care providers in the region participated in an event, including a celebratory ribbon-cutting ceremony and facility tours.
ATLANTA—Integra Partners announced the addition of Trella
MICHIGAN—A federal jury in the Eastern District of Michigan convicted Yogesh Pancholi for orchestrating a $2.8 million health care fraud and wire fraud conspiracy and engaging in money laundering, aggravated identity theft and witness tampering.