The Home Health & Hospice Market with Andre Ulloa and Mark Thomas
Last month, we spoke with Andre Ulloa, Partner and Executive Advisor, at M&A Healthcare Advisors for the report, The Durability of the Specialty Pharmacy Market. During that conversation, we touched on the home health & hospice (HH&H) market, and decided to return to the topic in a second part of our interview series. Below is our interview with Andre and his colleague, Mark Thomas. According to data captured in the LevinPro HC database, in 2022, there were 114 HH&H transactions, and in 2023, so far, there have only been 81. What has caused (or contributed to) this decrease in reported acquisitions? The increased cost of capital and insolvency of regional banks... Read More »
CVS Health Scores with $2.2 Billion in Q3 Profit Amid Layoffs and Acquisitions
CVS Health (NYSE: CVS) released its Q3:23 operating results on Wednesday, November 1, 2023. The company reported net income of $2.2 billion, or $1.75 per share, thanks to double-digit percentage sales growth across all the company’s businesses and contributions from its new healthcare services acquisitions. This compares to the net loss of $3.4 billion, or $2.59 per share, announced in the same quarter last year when the company recorded $5 billion in opioid-related litigation charges. The giant drugstore chain has spent nearly $20 billion this year on acquisitions. First, the company added senior primary care centers via its acquisition of Oak Street Health for $10.6 billion in February.... Read More »
The Pennant Group acquires Guardian Hospice in Texas and Oklahoma
The Pennant Group Inc. has announced its acquisition of Guardian Hospice of Texas and Guardian Hospice of Oklahoma for an undisclosed amount. Guardian Hospice of Texas is a senior living provider in Sherman, Texas that offers residents hospice care. The company provides skilled hospice services in the Grayson, Fannin, Collin, Cook, Denton and Hunt counties in Texas. Guardian Hospice of Oklahoma received Medicare certification in 2015. The company is located in Calera, Oklahoma and offers hospice services across the Bryan, Choctaw, Atoka, Pushmataha, Johnston, Coal, Marshall, Murray, Pontotoc and Love counties in Oklahoma. The Pennant Group is a holding company of... Read More »
Honor Health Network Acquires Home Health & Hospice Practice
On November 1, Honor Health Network, based in Ridgefield Park, New Jersey, announced it acquired Nightingale Services, Infusion, and Pharmacy. Provident Healthcare Partners advised Nightingale Services, Infusion, and Pharmacy in the transaction. Bouhan Falligant served as legal counsel to Nightingale and Goodwin Procter served as legal counsel to Honor Health Network. Nightingale Services, Infusion, and Pharmacy is a comprehensive home care provider which has been serving Georgia since its inception in 1987. The company offers skilled nursing, infusion services, pharmacy, structured family care and personal care services at 11 locations across Georgia and services patients in... Read More »