Hospice Deals Heat Up

Hospice Deals Heat Up

by | Nov 26, 2019 2:45 pm | Home Health & Hospice, Private Equity | 0 comments

It’s been a busy year in the Home Health & Hospice sector. Deal volume is poised to surpass the record 85 transactions announced in 2018. Through late November, 79 deals are in our DealSearchOnline database and more are expected before year-end. Home health agencies account for the bulk of the transactions every year, making up 72% in both 2015 and 2016, for example. In the past two years, however, hospice companies have seen a surge in investor interest. In 2018, hospice companies accounted for 33% of the 85 deals in the sector. Through the end of November 2019, they make up 38% of the sector’s deal count. Valuations are often described as “frothy” for home... Read More »
Three Oaks Hospice Hits The Ground Running

Three Oaks Hospice Hits The Ground Running

by | Sep 27, 2019 4:24 pm | Home Health & Hospice, Private Equity | 0 comments

Three Oaks Hospice, a portfolio company of Health Velocity Capital, was  just launched in May 2019, but the company is wasting no time to expand. This week the company bought three hospices in Texas, Total Hospice & Palliative Care in Richardson; ABS Palliative in Carrollton; and Hospice Care and Fellowship Hospice in San Antonio. The acquisitions give it a presence in Dallas, Fort Worth, and San Antonio, providing more than 84,000 days of care annually. The deal also increases its referral network to more than 200 sources. To fuel future growth, Three Oaks has received more than $21 million from Granite Growth, Health Velocity Capital and Petra Capital. It’s been a slow month in... Read More »
Hospice Deals Heat Up

It’s Been a Busy Summer for Addus HomeCare

by | Aug 28, 2019 2:28 pm | Home Health & Hospice | 0 comments

Addus HomeCare Corporation (NASDAQ: ADUS) spent the summer on the acquisition trail, announcing two deals for three targets and the completion of a previously announced transaction. On August 1st, the company acquired Alliance Home Health Care, LLC and its affiliate, House Calls of New Mexico, LLC, both located in New Mexico with servicees across the state. The companies’ combined annual revenues are approximately $19 million, with 60% derived from hospice care and 20% each from personal care and home health care services. The deal expands its reach in New Mexico, following its 2017 acquisition of Options Home Care for $340 million and its 2013 deal for Coordinated Home Health Care,... Read More »

Home Health in March: Five Deals and a Bankruptcy

by | Mar 25, 2016 8:00 am | Home Health & Hospice | 0 comments

The Home Health & Hospice sector had a very slow year in 2015, with just 47 deals made public. Deal making activity has picked up quite a bit in 2016, with 12 deals in the first two months and five more in the first three weeks of March. The only deal to report a price was the $84 million acquisition of Genesis Healthcare’s (NYSE: GEN) home health and hospice business, by Compassus. Genesis is selling the majority of its home health and hospice operations, which are located in California, Idaho, Montana and New Mexico. Privately-held Compassus is a nationwide network of community-based post-acute care services primarily focused on hospice, palliative and home health care. In... Read More »