RICHMOND HILL, N.Y. (November 2, 2021)—AlayaCare, a global homecare software company, announced it has acquired Delta Health Technologies, a provider of specialized home health solutions. The acquisition of Delta Health Technologies extends AlayaCare’s position as a leading provider of software-as-a-service (SaaS) technology in the U.S. home health market.
Mergers and Acquisitions
NEW YORK (October 26, 2021)—Wellspring Capital Management, a leading private equity firm headquartered in New York, announced that it has partnered with management to complete the acquisition of Caring Brands International, Inc. (CBI). Terms of the transaction were not disclosed.
HARTFORD, Conn. (October 15, 2021)—CareCentrix, Inc.—an independent home-centered platform that coordinates care to the home for health plans, patients,and providers—announced that Walgreens Boots Alliance has made a majority investment in the company.
CHICAGO (October 13, 2021)—Help at Home, a provider of in-home, person-centered care for seniors, announced the closing of two acquisitions in late September 2021: Pennsylvania-based Meridius Health and Georgia-based Altamaha HomeCare's nonskilled business. Meridius Health and Altamaha add a combined 300 passionate and caring field employees/caregivers serving more than 320 clients in need of homecare in the Lancaster and Southeast Georgia areas.
RICHFIELD, Minn. & BOSTON (October 12, 2021)—Best Buy has signed an agreement to acquire Current Health, a care-at-home technology platform that brings together remote patient monitoring, telehealth and patient engagement into a single solution for health care organizations.
Today’s market trends will shape the future
FREMONT, Neb. (October 7, 2021)—Kubat HealthCare, a health care service provider, announced the acquisition of Miller Pharmacy Specialties located at 322 E 22nd St, Fremont, Nebraska, 68025.
AKRON, Ohio (October 5, 2021)—ACU-Serve, Corp. has acquired Professional Medical Administrators, Inc. (Pro-Med) to become the largest home medical equipment (HME) revenue cycle management firm in the United States.
Pro-Med was founded in November 1996 by Sylvia Toscano, a respected industry veteran, who will assume a role with ACU-Serve as its V.P. of Client Services.
EL SEGUNDO, Calif. (September 17, 2021)—24 Hour Home Care, a nonmedical in-home care provider, announced it has acquired GrandCare Health Services’ nonmedical caregiving division, effective Sept. 1, 2021. The official announcement was made from 24 Hour Home Care’s headquarters in Los Angeles and will allow the company to further expand its homecare services across Southern California.
LAFAYETTE, La. (September 9, 2021)—LHC Group, Inc. announced significant expansions of its nationwide footprint, resources and service capabilities. The company has entered into an agreement to purchase Brookdale Health Care Services agencies from the recently formed home health, hospice and outpatient therapy venture between HCA Healthcare and Brookdale Senior Living Inc.
LAFAYETTE, La. (September 7, 2021)—LHC Group, Inc. announced it has finalized its previously announced agreement to purchase Heart of Hospice from EPI Group, LLC—a deal that expands the company’s hospice footprint in five states. The agreement was first announced on June 2, 2021.
TYLER, Texas (September 7, 2021)—Trive Capital, a Dallas-based private equity firm, is excited to announce its partnership with Choice Health at Home. Headquartered in Tyler, Texas the company is a geriatric post-acute home health business that has historically served patients throughout Texas.
NASHVILLE, Tenn. (September 1, 2021)—National Seating & Mobility (NSM), a provider of comprehensive mobility solutions, has acquired Senior Safe Solutions, a home accessibility market leader in Ohio. The acquisition expands NSM’s mobility and accessibility services for clients in the area.
Legal issues to consider long before you make your exit
BOSTON (August 25, 2021)—VoiceFriend, LLC, developers of an integrated messaging and engagement solution for care communities, has announced that it received a major growth investment from Alta Lake Equity Partners LLC.
MCLEAN, Va. (August 25, 2021)—Capital One announced it served as lead arranger and administrative agent for a $600 million revolving line of credit for Addus HomeCare. With 210 offices in 22 states, Addus is a provider of personal care services as well as hospice and home health services. Over the past two years, the company has acquired seven personal care companies and four home health/hospice companies.
NASHVILLE, Tenn. (August 25, 2021)—National Seating & Mobility (NSM), North America’s largest provider of comprehensive mobility solutions, has broadened the company’s reach in Virginia with the acquisition of Trust Care Home Medical Equipment locations in Richmond and Roanoke. The acquisition positions NSM as the largest provider of complex rehabilitation technology (CRT) services in the state.
BALA CYNWYD, Penn. (August 24, 2021)—Connect America LLC, a nationally recognized provider of digital health and connected care for seniors and vulnerable populations, announced it has signed a definitive agreement to acquire 100Plus, a remote patient monitoring (RPM) platform that uses artificial intelligence (AI).
CLEARWATER & SARASOTA, Fla. (August 18, 2021)—Empath Health is pleased to announce its senior-level chief positions serving the newly merged not-for-profit created by the merger of Empath Health and Stratum Health System. The full-life care provider serving Tampa Bay and southwest Florida provides care and support for those with chronic and advanced illnesses and/or those dealing with grief.
DALLAS and NASHVILLE, Tenn. (August 12, 2021)—Pharos Capital Group, LLC, a private equity firm based in Dallas and Nashville, Tennessee, announced that its post-acute care provider platform —Charter Health Care Group—has acquired Generations Hospice Care, Inc., in San Antonio, Texas.
ATLANTA and BURLINGAME, Calif., (August 12, 2021)—Sharecare, the digital health company that helps people manage all their health in one place, today announced that it has closed its acquisition of CareLinx, a digital on-demand platform of tech-enabled care providers. Sharecare has acquired CareLinx from Europ Assistance, one of the largest global assistance companies.
NASHUA, N.H. (August 12, 2021)—SolutionHealth (parent organization of Elliot Health System and Southern New Hampshire Health) and Home Health & Hospice Care (HHHC) have reached another milestone in the process to combine services to provide enhanced post-acute care services to the people of southern New Hampshire.