Chicago, Illinois-based PurposeCare kicked off the week with three new acquisition announcements in the Midwest.
PurposeCare acquired A/Abiding Care-Elder Bridge (AAEB), a private pay home care agency in Park Ridge, Illinois. The acquisition of AAEB overlaps with PurposeCare’s existing home health operation in Illinois.
PurposeCare acquired Michiana Home Care, which operates two, four-star Medicare-certified home health agencies in Niles, Michigan and Granger, Indiana. Michiana provides a skilled care compliment to PurposeCare’s Home Care operations in both states.
PurposeCare acquired Queen City Skilled Care, a three-star Medicare-certified home health agency in Cincinnati, Ohio. The transaction represents PurposeCare’s fourth acquisition in Ohio and its first entry into the state’s third-largest city.
A/Abiding Care-Elder Bridge was represented by Austin, Texas-based M&A advisory firm Agenda Health in its acquisition. Financial terms of the three deals were not disclosed.
According to data captured in the LevinPro HC database, this transaction represents the third, fourth and fifth Home Health & Hospice (HH&H) transactions of 2024, respectively. Last year, 95 HH&H deals were announced. PurposeCare announced the acquisition of Home Sweet Home In-Home Care in March 2023, followed by 3 Midwestern home-based care agencies (Scott’s Home Healthcare, Attentive Personal Care and Choice Nursing Care & Home Health) in July 2023.
