ATLANTA and TOLEDO, Ohio—Gentiva, a dedicated hospice, palliative and personal care company striving for improved access, equity and quality of care for patients, and ProMedica, an integrated health care organization providing, in part, hospice and homecare services through its Heartland brand, announced they have signed a definitive agreement under which Gentiva will acquire Heartland hospice and homecare agencies/loca
Mergers and Acquisitions
EDEN PRAIRIE, Minn. (March 29, 2022)—UnitedHealth Group's purchase of LHC Group has gone through, according to a Form 8-K the company filed Feb. 22 with the Securities and Exchange Commission.
CINCINNATI—Quipt Home Medical Corp. has bought Great Elm Healthcare, LLC, a division of Great Elm Group, Inc. that operates a complete line of respiratory-related durable medical equipment (DME) service locations across eight states in the Midwest, Southwest and Pacific Northwest and had $60 million in revenue last year.
ATLANTA (November 1, 2022)—SageHome, an aging-in-place specialist, announced its acquisition of Midwest Bath Company LLC, accelerating its goal to provide a national, full-service home modification solution to the United States market.
DEERFIELD, Ill. (October 13, 2022)—Walgreens Boots Alliance, Inc. (WBA) announced the acceleration of its plans to acquire full ownership of CareCentrix, expanding its reach into the growing homecare sector and advancing its healthcare long-term growth strategy.
FORT WORTH, Texas (October 6, 2022)—Jet Health, Inc., a regional provider of home health and hospice services, announced its acquisition of Trio Home Health and Hospice located in Denton, Texas, a provider of home health services as well as hospice care throughout North Texas.
DALLAS (October 4, 2022)—Enhabit, Inc., a home health and hospice provider, announced the acquisition of Caring Hearts Hospice, a locally owned and operated hospice agency in Texas. Effective Oct. 1, 2022, this acquisition adds four hospice locations to Enhabit’s existing presence in Texas, allowing Enhabit to expand its nationwide footprint.
SPARTANBURG, S.C. (September 27, 2022)—Agape Care Group, a portfolio company of Ridgemont Equity Partners and a leading hospice and palliative care provider in the Southeast, announced it has acquired GHC Hospice (GHC). Founded in 2014, GHC is a hospice care provider serving 25 counties in Georgia and South Carolina with a reputation for superior clinical excellence.
FRESNO, Calif. (September 8, 2022)—Sunrise Medical, a global provider of advanced assistive mobility solutions, is pleased to announce that it has completed two strategic acquisitions in Europe in 2022—The Helping Hand Company based in the UK and Now Tech based in Hungary—continuing its strong pursuit for strategic improvements and growth.
LOUISVILLE, Ky. (September 6, 2022)—Humana Inc. has announced the completion of its initiative to rebrand the home health division of Kindred at Home (KAH) as CenterWell Home Health. With this announcement, CenterWell Home Health is now the official name for the more than 350 locations of the home health division serving 38 states.
WOONSOCKET, R.I., DALLAS and NEW YORK (September 6, 2022)—CVS Health and Signify Health have entered into a definitive agreement under which CVS Health will acquire Signify Health for $30.50 per share in cash, representing a total transaction value of approximately $8 billion.
DEERFIELD, Ill. (August 31, 2022)—Walgreens Boots Alliance, Inc. announced it has completed its previously announced majority share acquisition of CareCentrix, Inc.—an independent home-centered platform that coordinates care to the home for health plans, patients and providers.
TROY, Mich. (August 30, 2022)—Residential Hospice, a division of Graham Healthcare Group, announced that it has acquired Comfort Hospice of St. Louis, and Grace Hospice of Maumee, Ohio from U.S. Medical Management. This expands the footprint of Residential Hospice into Missouri and Ohio; U.S. Medical Management will retain their hospice locations outside of St. Louis and Maumee.
DALLAS, Texas (August 23, 2022)—UnitedHealth, Amazon, CVS Health and Option Care Health are bidding for Signify Health, a technology company focused on shifting the health care continuum to value-based care, Bloomberg reported, citing unnamed sources. The company’s shares jumped nearly 40% premarket Monday following the news.
CLEARWATER, Fla. (August 22, 2022)—Empath Health and Hospice of Marion County (HMC) announced that they have signed a memorandum of understanding (MOU) to begin the process of affiliating HMC with Empath Health. Empath Health currently has three hospice organizations operating within its network including Tidewell Hospice, Suncoast Hospice and Suncoast Hospice of Hillsborough.
AKRON, Ohio (August 19, 2022)—ACU-Serve Corp. has acquired ECS Billing & Consulting North. ECS was based in Tiffin, Ohio, and founded by Sarah Hanna, a well-known industry veteran who will assume a role as V.P. of Consulting Services at ACU-Serve Corp.
LOUISVILLE, Ky. (August 16, 2022)—Humana Inc. announced that it will acquire all of the assets of Inclusa, Inc., a managed care organization (MCO) in Wisconsin that provides long-term care services and supports to approximately 16,600 older adults and adults with disabilities through the state’s Family Care program. For more than 20 years, Inclusa has partnered with local health care providers and community resources to connect members with the support and services they need.