OVERLAND PARK, Kan.(August 9, 2022)—Netsmart announced that it has acquired CORE Analytics, a skilled nursing facility (SNF) claims data analytics offering from Zimmet Healthcare. With the addition of Core Analytics, Netsmart Simple is now the only solution suite in the market capable of calculating quality measures and Five-Star ratings leveraging Minimum Data Set (MDS), Payroll-Based Journaling (PBJ) and UB-04 claims data.
Mergers and Acquisitions
MARTINSRIED, Germany and LEIPZIG, Germany (August 2, 2022)—ResMed today announced the acquisition of Leipzig-based company mementor; the deal was completed Monday, Aug. 1. With this acquisition, ResMed strengthens its overall sleep portfolio in Germany with a digital solution for insomnia.
MOORESTOWN, N.J. (August 2, 2022)—Tabula Rasa HealthCare, Inc. (TRHC), a health care technology company advancing the safe use of medications, announced that it completed the previously announced sale of its PrescribeWellness business to Transaction Data Systems, Inc. (TDS) for an all-cash purchase price of up to $140 million.
5 steps to take before handing over the reins
KANSAS CITY, Mo. (July 26, 2022)—Lifeway Mobility announced it has acquired Health & Comfort Equipment Service, LLC in Kansas City, Missouri. Health & Comfort has over 30 years of experience in the home accessibility industry in the Kansas City metro area, providing stair lifts, ramps and other accessibility solutions. This new partnership allows Lifeway Mobility to further expand its service offerings throughout Kansas and provide services in the state of Missouri.
ROSEVILLE, Minn. (July 21, 2022)—Pediatric Home Service (PHS), an independent provider of comprehensive homecare supporting children with medical complexities, announced the expansion of their services into Kansas, Missouri and Nebraska through the acquisition of two pediatric-focused health care providers.
FORT WORTH, Texas (July 14, 2022)—VERTESS, a leading health care mergers and acquisitions (M&A) advisory firm, is pleased to announce the addition of three new partners. Managing Directors Rachel Boynton, Anna Elliott and Robert Villalobos are the newest additions to the leadership team. All three bring a wealth of knowledge and experience to the team and will help shape the growing enterprise with their guidance and expertise.
DALLAS (July 5, 2022)—Enhabit Home Health & Hospice, a national home health and hospice provider, announced it is now an independent, publicly traded company following the completion of its spin-off from Encompass Health Corporation. Enhabit will began trading on the New York Stock Exchange on July 1, 2022, under the ticker symbol "EHAB."
SAN DIEGO & HILDESHEIM, Germany (June 14, 2022)—ResMed today announced a definitive agreement to acquire privately held MEDIFOX DAN, a German provider of out-of-hospital software solutions for providers in major settings across the care continuum, from Hg, a software and services investor.
DALLAS (May 31, 2022)—Enhabit Home Health & Hospice, a home health and hospice care provider, announced it filed a Form 10 registration statement with the Securities and Exchange Commission (SEC) on May 25, 2022, in connection with its spin-off from Encompass Health Corporation. The spin-off is anticipated to occur on July 1, 2022, subject to various conditions. Upon completion of the spin-off, Enhabit will become an independent, publicly traded company.
FLANDERS, N.J. (May 24, 2022)—Central Medical Supply Group (CMSG), a portfolio company of Osceola Capital, announced that it has acquired three hospice and homecare equipment management companies: Helping Hands Medical Equipment, the hospice assets of Consolidated Medical Surgical Supply and PPD Homecare Inc.
FORT WORTH, Texas (May 19, 2022)—VERTESS, a health care mergers and acquisitions (M&A) advisory firm, closed out a strong first quarter of 2022 with three transactions. Managing Partner Bradley Smith commented that these were noteworthy successes given the current status of the economy and the geopolitical instability overseas.
PLYMOUTH MEETING, Pa. (May 10, 2022)—AdaptHealth Corp. announced first quarter revenues were up 47% over 2021 and the authorization of a share repurchase program for up to $200 million as part of a quarterly earnings report released this week. Adapt Health is a national provider of patient-centered, health care-at-home solutions including home medical equipment (HME), medical supplies and related services.
NELIGH, Neb. (May 10, 2022)—Kubat HealthCare, a health care service provider, announced the acquisition of Hilltop Drugs Etc. located in Neligh, Nebraska.
Founded in October 2008 by co-founder and current pharmacist-in-charge, Jami Schmidt, Hilltop Drugs Etc. quickly became a community staple providing personalized pharmacy and healthcare services. In 2019, Jami Schmidt and her business partner sold to Mark Vogt.
BOSTON (May 5, 2022)—HouseWorks, an independent homecare company, announced that it has closed its previously announced acquisition of Greater Boston Home Health Care Services, Inc., a homecare provider serving Medicaid, dual-eligible and private pay clients throughout Eastern Massachusetts, Cape Cod and Martha’s Vineyard.
ATLANTA (May 3, 2022)—SageHome Inc. it has partnered with strategic advisors, Cairngorm Capital Partners LLP (Cairngorm Capital), and acquired New Bath Today Inc. (NBT). Both initiatives accelerate its aging in place offering.
OVERLAND PARK, Kan. (April 21, 2022)—Netsmart announces the addition of TheraOffice, an industry-leading practice management platform for physical therapy and rehabilitation practices to the Netsmart portfolio. This addition expands the Netsmart CareFabric platform to deliver workflows for therapy providers to better connect to all venues of healthcare.
LOUISVILLE, Ky. (April 21, 2022)—Humana Inc. today announced that it has signed a definitive agreement with private investment firm Clayton, Dubilier & Rice to divest a majority interest in the hospice and personal care divisions of Humana’s Kindred at Home subsidiary (KAH hospice). These divisions include patient-centered services for hospice, palliative, community and personal care.
CINCINNATI (April 21, 2022)—Quipt Home Medical Corp., a United States-based leader in the home medical equipment industry, focused on end-to-end respiratory care, announced that it has acquired Good Night Medical, LLC, a business with operations across seven U.S. states, for approximately $7 million in Cash.
DOWNERS GROVE, Ill (April 12, 2022)—Advocate Aurora Enterprises (AAE) announced its acquisition of MobileHelp, a provider of remote patient monitoring capabilities and personal emergency response systems.
TYLER, Texas (April 5, 2022)—Choice Health at Home, LLC, a Texas-based multi-state provider of home health, hospice, private duty and rehabilitation services, announced the acquisitions of the Texas assets of Abiding Home Health. These agencies operate along the I-35 corridor from Dallas to San Antonio, and will serve to strengthen the home health service division for Choice in the region.