Literature Review
All posts tagged with “Mergers & Acquisition News.”
[UPDATED] Skilled Nursing giant PACS Group files for IPO as it looks to expand footprint
03/19/24 at 03:00 AM[UPDATED] Skilled Nursing giant PACS Group files for IPO as it looks to expand footprint Skilled Nursing News, by Zahida Siddiqi; 3/14/24 PACS Group filed for an initial public offering with the Securities and Exchange Commission on Wednesday, citing focus on growth plans in its filing. ... The Farmington, Utah-based PACS Group is one of the largest skilled nursing providers with more than 200 nursing facilities across nine states and serves over 20,000 patients daily. It plans to list on the NYSE under the symbol PACS.
The identity dilemma: Navigating rebranding decisions in home health M&A
03/18/24 at 03:00 AMThe identity dilemma: Navigating rebranding decisions in home health M&A Home Health Care News, by Patrick Filbin; 3/14/24 ... While some companies swiftly integrate acquired businesses into their brand and splash their logo, marketing materials and likeness on the newly acquired assets, others opt to maintain the selling company’s identity. In home-based care, the decision to “rebrand or retain” takes into account a number of factors, sources told Home Health Care News. They include operational efficiency, patient/client retention, market positioning and more.
Vitas CEO Westfall: Market conditions more favorable for hospice acquisitions
03/18/24 at 03:00 AMVITAS CEO Westfall: Market conditions more favorable for hospice acquisitions Hospice News, by Jim Parker; 3/15/24 Changes in the marketplace have made further acquisitions by VITAS Healthcare more likely. VITAS, a subsidiary of Chemed Corp. ..., recently announced its first deal in several years, the $85 million purchase of hospice assets from Covenant Health. While the company does not comment on its specific acquisition plans or its pipeline, VITAS may be more active in the M&A space in the coming year, CEO Nick Westfall indicated ...
Private equity sets sights on home care, hospice, new report finds
03/15/24 at 03:00 AMPrivate equity sets sights on home care, hospice, new report findsMcKnights Home Care, by Adam Healy; 3/14/24The home care segment increasingly has become an attractive target for private equity buyers, particularly personal care and hospice, according to the Private Equity Stakeholder Project, a nonprofit financial watchdog organization.
Pennsylvania health systems are partnering up
03/12/24 at 03:00 AMPennsylvania health systems are partnering up Becker's Hospital Review, by Andrew Cass; 3/8/24Kittanning, Pa.-based Armstrong County Memorial Hospital signed a definitive agreement March 6 to join Pennsylvania Mountains Care Network, marking the latest in a series of partnerships, mergers and acquisitions between hospitals and health systems in the Keystone State.
Why Northwell wants to buy Nuvance
03/11/24 at 03:00 AMWhy Northwell wants to buy Nuvance Modern Healthcare, by Caroline Hudson; 3/6/24 The deal would create a system with 28 hospitals and more than 1,000 care sites across New York and Connecticut.Editor's Note: Access to this article requires a subscription.
Ounce of prevention: Is a selling hospice or home health agency ready for the 36-Month Rule?
03/06/24 at 03:00 AMOunce of prevention: Is a selling hospice or home health agency ready for the 36-Month Rule? McGuire Woods; 3/4/24Medicare-enrolled hospices and HHAsshould take the following steps toassess and avoid triggering the 36-month rule: [click on the link for content]
Frontpoint Health acquires High Plains Senior Care, expanding Texas footprint and Medicare Advantage partnerships
03/04/24 at 03:00 AMFrontpoint Health acquires High Plains Senior Care, expanding Texas footprint and Medicare Advantage partnerships BNN, by Salman Akhtar; 2/29/24 Frontpoint Health, a leader in Home Health and Hospice services, has officially acquired High Plains Senior Care Group (HPSC), marking a significant expansion into over 176 counties across Texas. This strategic move not only broadens Frontpoint's geographical reach but also strengthens its collaborations with Medicare Advantage plans in the Southeast, promising accelerated growth and enhanced care for Medicare Advantage patients.
IntellaTriage strengthens position as market leader through NurseLine acquisition
03/04/24 at 03:00 AMIntellaTriage strengthens position as market leader through NurseLine acquisitionFOX WTNZ TV 43; 2/29/24IntellaTriage, the leading provider of after-hours nurse-first triage services for hospice and home health, is excited to announce its strategic acquisition of NurseLine, a prominent nationwide provider of hospice and home health triage services. The transaction was completed for an undisclosed sum and marks a significant step in IntellaTriage's commitment to enhancing patient care and streamlining healthcare delivery.
(Private Equity Issue) Anesthesiology group must cut ties with 5 hospitals: Colorado AG
03/01/24 at 03:00 AM(Private Equity Issue) Anesthesiology group must cut ties with 5 hospitals: Colorado AGBecker's Hospital Review, by Alan Condon; 2/27/24Colorado Attorney General Phil Weiser has announced an agreement with U.S. Anesthesia Partners that resolves the private equity-backed company's alleged anticompetitive business practices that drove up prices for consumers receiving surgical anesthesia services.Publisher's note: Private equity concerns have impacted hospices the past few years. Private equity concerns in other fields are also catching our attention.
Addus more bullish on looming 80-20 rule, ready to ramp up M&A in 2024
02/29/24 at 03:00 AMAddus more bullish on looming 80-20 rule, ready to ramp up M&A in 2024Home Health Care News, by Andrew Donlan; 2/27/24Addus HomeCare Corp. (Nasdaq: ADUS) leaders expressed noteworthy optimism in two areas Tuesday: the pending “80-20” rule and their M&A forecast for the near-term future. ... Based in Frisco, Texas, Addus provides personal care, home health care and hospice to more than 49,000 consumers via its 217 locations across 22 states.
Legislation aims to increase scrutiny of private equity healthcare acquisitions
02/28/24 at 03:00 AMLegislation aims to increase scrutiny of private equity healthcare acquisitionsMcKnights Senior Living, by Lois A. Bowers; 2/27/24Legislation introduced ... in [California] would give the attorney general oversight of private equity and hedge fund acquisitions of long-term care and other healthcare facilities. Backers of AB 3129 say that it would “safeguard fair competition and root out anticompetitive practices by dominant corporations” as well as “ensure that the acquisitions are in the public interest.” Under the bill, the AG could grant, deny or impose conditions to a change of control or acquisition between a private equity group or hedge fund and a long-term care or other healthcare facility.
Transaction: Legacy Care Partners acquires Superior Home Health; SSM Health promotes Health at Home Arm
02/23/24 at 03:00 AMTransaction: Legacy Care Partners acquires Superior Home Health; SSM Health promotes Health at Home ArmNation World News Desk; 2/21/24Legacy Care Partners – which also owns Advanced Home Care – has acquired Superior Home Health and Superior Hospice of Texas. Terms of the deal were not disclosed.
Top home health & hospice investors of 2023
02/22/24 at 03:00 AMTop home health & hospice investors of 2023Levin Associates; 2/20/24The most active Home Health & Hospice investor during 2023 was The Pennant Group, which completed the year with five deal announcements across the home hospice, home health and multi-service specialties. The company made acquisitions in Arizona, Idaho, Oklahoma, Texas and Colorado. [Click on the title's link for more investors and extensive details.]
Centrica Care Navigators affiliates with NorthStar Care Community
02/08/24 at 04:00 AMCentrica Care Navigators affiliates with NorthStar Care CommunityHospice News, by Jim Parker; 2/5/24Michigan-based Centrica Care Navigators has affiliated with the NorthStar Care Community, which also operates Hospice of Michigan and Arbor Hospice. ... Post-transaction, the combined nonprofit organization will care for more than 1,800 hospice patients across 60 Michigan counties, as well as nearly 900 palliative care patients, making it one of the largest nonprofit operators in the United States, according to Kelly McCormick, CEO of Centrica.
Hospice of Western Reserve plans to merge with Hospice of North Central Ohio
02/08/24 at 04:00 AMHospice of Western Reserve plans to merge with Hospice of North Central OhioCrain's Cleveland Business, by Paige Bennett; 2/6/24Hospice of the Western Reserve, a provider of palliative and end-of-life care, caregiver support and bereavement services and one of Cleveland’s largest nonprofits, intends to merge with the Hospice of North Central Ohio.
Gabelli & Co Investment Advisers Inc. grows position in Amedisys, Inc.
02/07/24 at 04:00 AMGabelli & Co Investment Advisers Inc. grows position in Amedisys, Inc.MarketBeat; 2/5/24Gabelli & Co Investment Advisers Inc. lifted its holdings in shares of Amedisys, Inc. ... by 405.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 162,973 shares of the health services provider's stock after buying an additional 130,723 shares during the period. Amedisys makes up 2.5% of Gabelli & Co Investment Advisers Inc.'s portfolio, making the stock its 12th biggest position. Gabelli & Co Investment Advisers Inc. owned about 0.50% of Amedisys worth $15,222,000 as of its most recent SEC filing.
Predicting private equity’s involvement in home health care in 2024
02/07/24 at 04:00 AMPredicting private equity’s involvement in home health care in 2024Home Health Care News, by Patrick Filbin; 2/2/24Health care’s share of global private-equity (PE) deal count peaked at 13.7% in 2020. Three years later, that number fell to 10.8% — its lowest level since 2015. Compared to the bustling activity of 2021, home-based care dealmaking was mostly sluggish in 2023 and has followed that same trend.
Elara Caring CEO Scott Powers: MA plans coming to negotiating table with more ‘reasonable expectations’
02/07/24 at 04:00 AMElara Caring CEO Scott Powers: MA plans coming to negotiating table with more ‘reasonable expectations’Home Health Care News, by Andrew Donlan; 1/30/24Home Health Care News sat down with Powers to discuss the company’s top focuses in 2024, and also what they’re keying in on when it comes to Medicare Advantage plan negotiations, specific service line growth and next-generation technology.
SSM Health assumes ownership of Visiting Nurse Association of Greater St. Louis
02/06/24 at 04:00 AMSSM Health assumes ownership of Visiting Nurse Association of Greater St. LouisSSM Health; 2/1/24SSM Health and Visiting Nurse Association of Greater St. Louis (VNA) announced today they’ve successfully completed a transfer of ownership of VNA’s health care services. Effective immediately, the exceptional services VNA is known for – including hospice care, Advanced Illness Management (AIM),community-based palliative care, private duty care, Visit-A-Bit, vaccination, wellness, and music appreciation programs – will now operate as part of SSM Health at Home.
To tackle financial distress, hospitals, health systems are turning to mergers
01/23/24 at 04:00 AMTo tackle financial distress, hospitals, health systems are turning to mergersKFF Health News; 1/19/24Modern Healthcare looks into the phenomenon of rising health care mergers and acquisitions being driven by financial pressures on health providers in the aftermath of the pandemic. Separately, Stateline explains how private equity-backed hospitals can see cutbacks and closures.
Scrutinize private equity’s involvement in health care: Higher prices, worse outcomes don't serve patients or providers
01/18/24 at 04:00 AMScrutinize private equity's involvement in health care: Higher prices, worse outcomes don't serve patients or providersThe Boston Globe, by The Editorial Board; updated 1/17/24... Private equity is not necessarily a bad form of ownership. It is often used to make companies more efficient. But it creates pressure to obtain short-term returns, and the strategies that pull profits from health care companies may not serve patients.
Report adds to scrutiny of private equity-owned hospitals
01/17/24 at 04:00 AMReport adds to scrutiny of private equity-owned hospitalsModern Healthcare, by Mari Devereaux; 1/16/24Lifepoint Health and ScionHealth's ownership by Apollo Global Management is the focus of a report by a nonprofit formed to hold private equity buyers accountable for the impact their acquisitions have on services and communities.
Fortis Health Further Grows Midwest Footprint With Latest Acquisition
01/16/24 at 04:00 AMFortis Health Further Grows Midwest Footprint With Latest AcquisitionHome Health Care News, by Joyce Famakinwa; 1/11/24Fortis Health has purchased Physiocare Home Health and Hospice, a Medicare-certified home health and hospice provider that operates in Indiana. Grant Avenue Capital — a middle-market private equity firm — provided the equity financing for the transaction.
PE firms adapting hospice 'roll-up' strategies
01/11/24 at 04:00 AMPE firms adapting hospice 'roll-up' strategies Hospice News, by Jim Parker; 1/8/24Private equity firms in the hospice space are adapting their “roll-up” strategies as economic uncertainties persist. Roll ups are a common approach to private equity investment. This occurs when a firm buys a larger platform company and then gradually acquires smaller organizations to foster growth.