On November 26, HomeCentris Healthcare, LLC announced that it had acquired Grace Home Healthcare, LLC. The deal was closed in October for an undisclosed amount.
Headquartered in Owings Mills, Maryland, HomeCentris Healthcare, LLC is an independent home and community-based care organization. It was founded in 2000 and provides its services to private pay clients, Medicaid waiver clients, Medicare clients, veterans, and clients with other third-party payors. With five different locations throughout Maryland, HomeCentris is the state’s largest Medicaid home care provider. In addition, HomeCentris provides personal care services in Philadelphia and Harrisburg, Pennsylvania.
Based in Fairfax, Virginia, Grace Home Healthcare is a provider of personal care and private duty nursing services to both Medicaid and private pay clients.
The acquisition of Grace Home Healthcare expands HomeCentis’ presence in Virginia and strengthens its relationship with regional hospitals and managed care partners. Combined, HomeCentris Healthcare and Grace Home Healthcare will service roughly 1,600 patients through upwards of 1,300 employees throughout the Mid-Atlantic region with agencies in Virginia, Maryland and Pennsylvania.
Matthew Auman, CEO of HomeCentris said the acquisition of Grace’s skilled home health service line provides HomeCentris the opportunity to further assist their managed care partners as they shift care to safe, less expensive settings like the home instead of institutional settings.
With this deal, there have been 133 Home Health & Hospice deals in 2021, showing a significant boost in a growing sector when compared to the 86 announced deals in 2020.
