The Pennant Group Acquires Colorado Home Health Provider
The Pennant Group, Inc. announced that it has acquired the assets of Benefit Home Healthcare and Benefit By Your Side, marking Pennant’s first transaction since its purchase of Kenosha Visiting Nurse Association, Inc. in November 2022. Benefit Home Healthcare and Benefit By Your Side provides skilled home health, private duty and community health services in Colorado Springs, Colorado. The Pennant Group is a holding company of independent operating subsidiaries that provide healthcare services through 97 home health and hospice agencies and 51 senior living communities located in Arizona, California, Colorado, Idaho, Iowa, Montana, Nevada, Oklahoma, Oregon, Texas, Utah, Washington,... Read More »
HouseWorks Announces Acquisition of Care and Help Home Care
HouseWorks, LLC announced on May 3 its acquisition of Care and Help Home Care. According to data captured in the LevinPro HC database, this marks the 31st Home Health & Hospice deal of 2023. This also marks HouseWorks’ second deal of the year. In February 2022, HouseWorks acquired the personal care division at Amedisys, Inc. for an undisclosed price. Amedisys was just acquired by Option Care Health in a deal valued at $3.6 billion. You can read more about that deal on the LevinPro HC platform here. Founded in 2017, Care and Help Home Care is a leading home care provider serving seniors across Philadelphia and Bucks County. In addition to its personal care services, Care and Help also... Read More »
Option Care Health to Merge With Amedisys in $3.6 Billion Deal
Option Care Health, Inc. and Amedisys, Inc. announced that they have entered into a definitive merger agreement to combine in an all-stock transaction that values Amedisys at approximately $3.6 billion, including the assumption of net debt. Upon closing, Option Care Health stockholders will own 64.5% of the combined company, and Amedisys stockholders will own 35.5%. Together, Option Care Health and Amedisys will have a national clinical workforce of more than 16,500 professionals and 674 care centers across the United States. Based on recently reported 2022 financial results, the combined company generated revenues of approximately $6.2 billion and adjusted EBITDA of approximately $622... Read More »
UNC Health Southeastern Sells Home-Based Hospice Program to Lower Cape Fear LifeCare
Lumberton, North Carolina-based hospital UNC Health Southeastern (UNC) will transfer ownership of its community-based hospice operations to Lower Cape Fear LifeCare, effective May 1, 2023. The hospital is located in Robeson County, North Carolina and will continue to offer inpatient services. Lower Cape Fear LifeCare will assist UNC by providing palliative care consultations within the hospital. The transfer of its home-based hospice services will free up more resources for UNC’s palliative care program, according to UNC Health Southeastern President and CEO Chris Ellington. The financial terms of the transfer include a sale of tangible assets for an undisclosed dollar amount, with no... Read More »