Behind the Deal: Eden Health Expands Northern Nevada Footprint with Acquisition of A Plus Hospice
Eden Health, a 100% employee-owned healthcare provider operating across seven states, has expanded its regional presence in Northern Nevada through the acquisition of A Plus Hospice Care. The deal, effective November 1, 2024, was facilitated by healthcare-focused M&A advisory firm Agenda Health, headquartered in Austin, Texas. Financial terms of the transaction were not disclosed. Agenda Health became involved early in the process, connecting with the owners of A Plus Hospice in the beginning of 2023. According to Spencer Walters, Senior Director at Agenda Health, the firm facilitated the transaction by identifying strategic buyers aligned with the sellers’ goals. “Agenda Health... Read More »
Defying Trends: How Agenda Health is Achieving Record-Breaking Success in a Challenging Market
Healthcare M&A activity has been facing a decline in recent years, a trend highlighted by data captured in the LevinPro HC database. During the first three quarters of 2024, 1,101 healthcare services deals were announced—a drop of nearly 8% compared to the 1,191 deals recorded during the same period in 2023, and an 18% decline from the 1,340 deals completed in the first three quarters of 2022, which was a record-breaking year for healthcare M&A. Across all healthcare verticals, including the healthcare technology sectors, the total number of deals in the first three quarters of 2024 stood at 1,510, reflecting a more than 10% decrease from the 2023 figures, and a nearly 20% drop... Read More »
Justice Department Moves to Block UnitedHealth’s $3.3 Billion Acquisition of Amedisys
The U.S. Department of Justice (DOJ) is seeking to block UnitedHealth Group’s $3.3 billion acquisition of home health provider Amedisys, which was set to be folded into UnitedHealth’s Optum subsidiary. The deal has sparked antitrust concerns, with the DOJ arguing that the merger would significantly reduce competition in the home health and hospice services market and potentially lead to higher prices for patients. UnitedHealth, which planned to integrate Amedisys into its Optum subsidiary, has faced scrutiny from regulators since announcing the deal in June 2023. The DOJ’s main concern revolves around the potential for monopolistic control in local home health markets where both companies... Read More »
Cardinal Health Inks Two Deals Worth $3.9 Billion
Cardinal Health announced plans to buy two companies in an aim to expand its diabetes and gastroenterology businesses as part of an overall strategy to grow its footprint in specialty medicine. The Dublin, Ohio-based company announced on November 12 that it entered into definitive agreements to acquire a majority stake in GI Alliance for $2.8 billion. Cardinal Health is acquiring 71% ownership in GI Alliance from a combination of GI Alliance physician owners and funds managed by affiliates of Apollo Global Management. On the same day, Cardinal Health announced that it plans to buy Carlsbad, California-based Advanced Diabetes Supply Group (ADSG) for approximately $1.1 billion in cash.... Read More »
New Day Healthcare Acquires Intrepid USA’s Missouri and Texas Hospice Assets
On November 11, Texas-based New Day Healthcare announced its acquisition of Intrepid USA’s hospice operations in Joplin and Springfield, Missouri and Beaumont, Texas. Dallas-based home health and hospice provider Intrepid USA’s geographic footprint spans 66 locations in 14 states. Intrepid has two locations in Beaumont, Texas, where the company provides home-based hospice, palliative and supportive care services. The company provides hospice care at home through its location in Joplin, Missouri. New Day Healthcare was formed in 2020 by G. Scott Herman and a group of home health, home care and hospice leaders. New Day Healthcare is committed to building a home care delivery network focused... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
