Here are 10 Home Health & Hospice deals from the final quarter of 2021, all captured in the LevinPro HC database.
Nova Leap Health Corp. Purchases home health care organization
Halifax-based Nova Leap Health Corp. purchased an undisclosed home health care organization for $4.75 million. The undisclosed business has an EBITDA of $825,000.
Aveanna Healthcare acquires Comfort Care Home Health
A portfolio company of Bain Capital and J.H. Whitney Capital Partners, Aveanna Healthcare, purchased Alabama-based Comfort Care Home Health for $345 million. This is Aveanna’s second deal of 2021. The deal closed on December 13, 2021.
PE-Backed Charter Health Care Group Moves Into New Mexico-Market
Charter Health Care Group, a portfolio company of private equity firm Pharos Capital Group, purchased Silver Linings Hospice Care, which provides hospice care to its patients throughout North Central New Mexico. This acquisition marks Charter’s first move into New Mexico and increases its footprint to eight states.
Quipt Home Medical Corp Expands Mid-West Presence
Quipt Home Medical Corp., a New York-based a home medical equipment provider, bought an undisclosed home health agency is based in central Illinois. The company was acquired for approximately $2.2 million and will expand Quipt’s presence between St. Louis and Chicago.
LHC Group Inc. Acquires HCA & Brookdale Rehab
For $197 million, HCA & Brookdale Rehab, a home health and hospice agency with 13 locations, was purchased by LHC Group, Inc., a national provider of post-acute care. This acquisition marks LHC Group’s initial entry into two new states, Minnesota and New Mexico.
Traditions Health, LLC Gains Heritage Hospice and Palliative Care
Traditions Health, LLC, a portfolio company of Dorilton Capital Advisors, LLC, acquired Heritage Hospice and Palliative Care, which provides hospice and palliative care services in Indianapolis and Chicago. The acquisition of Heritage expands Traditions’ existing coverage in new areas of both Indiana and Illinois.
Walgreens Boots Alliance Makes Big Purchase of CareCentrix
Hartford, Connecticut-based CareCentrix, Inc. was purchased by Walgreens Boots Alliance, Inc. for $330 million, giving Walgreens a 55% stake in the company. CareCentrix manages care for upwards of 19 million members through its network of more than 7,400 credentialed provider locations across the United States.
HomeCentris Healthcare Acquires Grace Home Healthcare
With headquarters in Maryland, HomeCentris Healthcare, an independent home and community-based care organization, purchased Grace Home Healthcare, LLC for an undisclosed amount. Combined the two companies will serve approximately 1,600 clients and have over 1,300 employees.
St. Croix Hospice LLC Makes Fourth Acquisition of the Year
HomeCare of Mid Missouri, a hospice and home health provider in the Columbia/mid-Missouri area, was acquired by St. Croix Hospice LLC, a portfolio company of H.I.G. Capital, for an unknown amount. The deal adds four new branches to St. Croix Hospice’s Missouri portfolio to a total of six locations.
Wellspring Capital Management LLC Buys Caring Brands International, Inc.
Based in Sunrise, Florida, Caring Brands International, Inc., the largest franchisor of home healthcare services globally, was acquired by the private equity firm Wellspring Capital Management LLC. The price was not disclosed.
