• Smile Brands Scoops Up Dentistry of Sarasota

    On December 2, Smile Brands, one of the largest providers of dental support services in the United States, announced its new partnership with Dentistry of Sarasota. Financial terms of the deal were not disclosed. Smile Brands provides business support services to general and multi-specialty dental groups since its founding in 1998. The company... Read More »
  • Ingenovis Health to Acquire HealthCare Support

    Ingenovis Health, Inc., one of the fastest-growing providers of healthcare staffing, announced on November 29 that it has agreed to acquire HealthCare Support, a national healthcare staffing platform providing a full range of customized hiring solutions across the country. Financial terms of the transaction, which is expected to close in the... Read More »
  • Edifecs to Acquire Health Fidelity

    On November 22, Edifecs, Inc. announced that it has signed a definitive agreement to acquire Health Fidelity, a leading provider of risk adjustment solutions for the value-based care era. The acquisition is expected to close in mid-December of this year, pending regulatory approval. Founded in 1996, Edifecs is a premier technology company in the... Read More »
  • Israeli Startup TailorMed Acquires Vivor

    On November 29, TailorMed, a leading financial navigation platform that helps healthcare organizations and patients remove financial barriers to care, announced that it has acquired Vivor, a financial assistance technology platform for healthcare providers and life sciences. The financial terms of the transaction were not disclosed. TailorMed is... Read More »
  • HomeCentris Healthcare Acquires Grace Home Healthcare

    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... Read More »
HomeCentris Healthcare Acquires Grace Home Healthcare

HomeCentris Healthcare Acquires Grace Home Healthcare

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,... Read More »
Pharos Capital’s Charter Health Care Group Acquires Silver Linings Hospice Care

Pharos Capital’s Charter Health Care Group Acquires Silver Linings Hospice Care

Pharos Capital Group, LLC has announced the acquisition by its post-acute care provider platform Charter Health Care Group of Silver Linings Hospice Care in Albuquerque, marking Charter’s first move into the New Mexico market. Financial terms were not disclosed. Pharos Capital is a physician-founded private equity firm based in Dallas and Nashville. With over $1.3 billion of private equity assets under management as of September 30, 2021, Pharos Capital invests in growing healthcare companies that aim to lower the total cost of care, improve patient outcomes and expand access to care in underserved markets. Charter Health Care is an integrated post-acute care provider offering hospice,... Read More »
Centene Corporation Sells Majority Stake in  U.S. Medical Management, LLC

Centene Corporation Sells Majority Stake in U.S. Medical Management, LLC

The managed care-giant Centene Corporation is divesting a majority share in U.S. Medical Management, LLC (USMM) to several buyers in a deal announced earlier in November. No price was disclosed for this deal, but Centene purchased USMM in 2013 for $200 million, or 0.6x that year’s expected revenue for USMM. USMM provides a continuum of in-home services including primary care, health risk assessments, home health, hospice, podiatry, radiology DME, lab and pharmacy. USMM also owns several allied health assets, which assist in the provision of home-based primary care and furthers the value and efficiency of house call medicine. USMM Accountable Care Partners (USMM ACP) launched as an... Read More »
LHC Group Previews Q3 Results

LHC Group Previews Q3 Results

On October 18, 2021, LHC Group, Inc. provided a preview of its expected results for the third quarter which ended on September 30, 2021, as well as an update to its previously reported guidance for the year ending on December 31, 2021. Founded in 1994, LHC Group, Inc. is a national provider of in-home healthcare services and innovations for communities around the nation. The company’s 30,000 employees deliver home health, hospice, home and community-based services, and facility-based care in 35 states and the District of Columbia, reaching 60% of the U.S. population aged 65 and older. In their quarterly report preview, LHC Group reported several headwinds that they experienced during... Read More »
Levine Leichtman Capital Partners Sells Caring Brands International

Levine Leichtman Capital Partners Sells Caring Brands International

Levine Leichtman Capital Partners has announced that it has sold its portfolio company Caring Brands International, Inc., a leading global franchisor of home healthcare services founded in 1966, to Wellspring Capital. Levin Leichtman Capital Partners (LLCP) is a Los Angeles-based middle-market private equity firm with a 38-year track record of investing across various targeted sectors, including franchising, business services, education and engineered products. Since its inception, LLCP has managed approximately $12.7 billion of institutional capital across 15 investment funds and has invested in over 90 portfolio companies. Currently, LLCP manages $9.0 billion of assets. Headquartered in... Read More »
Walgreens Makes Majority Investments in VillageMD and CareCentrix

Walgreens Makes Majority Investments in VillageMD and CareCentrix

Walgreens Boots Alliance announced two major investments in home-based care on October 14, totaling $5.5 billion. The first is a $5.2 billion investment in VillageMD, which advances an already significant partnership between the two companies that was established in 2019. Walgreens is also making a $330 million investment in CareCentrix, a health-at-home solutions company founded in 1996. These major investments come as Walgreens unveils the launch of Walgreens Health, a new “consumer-centric health care strategy to drive sustainable, long-term profitable growth,” Walgreens Boots Alliance CEO Roz Brewer said in a press release. Walgreens Health will improve both the experience for... Read More »