With Medicare spend for hospice care growing substantially in recent years and palliative care becoming an increasingly attractive precursor to hospice in the emerging value-based ecosystem, the hospice market is changing.
Recent developments of note include the October 10, 2018, announcement from Amedisys that it has signed a definitive agreement to acquire Compassionate Care Hospice, a national hospice care provider headquartered in Parsippany, New Jersey.
NASHVILLE, Tenn. (September 4, 2018)—National Seating & Mobility (NSM), a provider of complex rehabilitation seating, mobility and position systems, is increasing the company’s Texas footprint with the acquisition of Seating and Mobility Solutions in Waco. This central Texas addition further strengthens NSM’s growing presence in the state.
BRENTWOOD, Tenn. (September 4, 2018) – Numotion, a provider of complex rehab technology (CRT), has acquired the rehab and home access divisions of Total Respiratory & Rehab, extending its reach and capabilities in Nebraska, Iowa and Missouri. Total has been in business for more than 12 years, serving thousands of customers across the Midwest as one of the largest regional CRT providers.
CORAL SPRINGS, Fla. (August 17, 2018)—VirtuOx, Inc., a health care IT company providing diagnostic tools and services to enable health care organizations and professionals to diagnose and treat a variety of disease states, announced the acquisition of Instant Diagnostic Systems (IDS). The transaction was facilitated by VERTESS, a health care M+A advisory firm. K&L Gates, led by attorney Joshua Skora and his team, provided legal counsel to VirtuOx in the transaction.
MINNEAPOLIS (August 16, 2018)—Best Buy Co., Inc., a technology products and services provider, announced it has signed an agreement to acquire GreatCall, Inc., for $800 million in cash.
LENEXA, Kan.—Mediware Information Systems, Inc., announced that it has acquired Fazzi Associates, aiming to combine strengths for growth and greater capacity to help post-acute and community-based providers, and further the company's position in the home health and hospice market.
CHICAGO (June 13, 2018)—Linden Capital Partners has acquired Solara Medical Supplies, a direct-to-patient distributor of diabetes therapy products including continuous glucose monitors and insulin pumps.
Solara Medical was founded in 2002 by Tod Robinson and is headquartered in Chula Vista, Califorina, with additional offices in Michigan, Texas and Alabama (solaramedicalsupplies.com).
NORWOOD, Mass. (June 11, 2018)—Reliable Respiratory, a New England home respiratory and specialty medical equipment provider, announced a partnership with Mount Auburn Hospital located in Cambridge, Massachusetts. Reliable Respiratory will acquire the patients of Mount Auburn Hospital DME, continuing the delivery of and support for sleep and respiratory-related medical equipment.
ATLANTA (December 21, 2017)—GF Health Products, Inc. (Graham-Field) announced the planned acquisition of Intensa, Inc. Located in the “furniture capital of the world,” High Point, North Carolina, Intensa is a manufacturer of medical/laboratory seating, casework, furniture and equipment. The transaction is scheduled to close on December 31.
IRVINE, Calif. (October 16, 2017)—Jet Health, Inc., a fast-growing home health care provider, announced today the acquisition of Alpine Plus Home Health, a Richardson, Texas-based home health agency that provides skilled nursing, physical therapy, occupational therapy, speech pathology, medical social and companion care services.
TUCSON, Ariz. (July 25, 2017)—Health care M+A advisory firm VERTESS continues its national expansion with the addition of investment banker Hilsman Knight as a managing director.
2017 National Health Care Fraud Takedown
The Department of Health and Human Services Office of Inspector General, along with state and federal law enforcement partners, participated in the largest health care fraud takedown in history in July 2017. (Office of Inspector General)
Bethesda, Md. (May 15, 2017)—Capital One announced today that it served as the agent, joint lead arranger and sole bookrunner for a $250 million senior credit facility—consisting of a $125 million cash-flow-based revolver, a $45 million term loan and an $80 million delayed-draw term loan, for Addus HomeCare.
CINCINNATI, Ohio (April 25, 2017)—Josh Martin, an expert in value-based health care, has launched Stout Hill & Company (Stout Hill), a consulting and training firm specializing in value-based payment and care models. The new firm partners with health care organizations who wish to build the internal capabilities necessary to be successful in population health and risk-based reimbursement.
TUCSON, Ariz., (January 3, 2017)—Health care M+A advisory firm Vertess continues its global market expansion with the addition of Teresa Gonzalo, a pharmaceutical and biotechnology entrepreneur with extensive experience in the European market, as a managing director.
