Family Resource Home Care Acquires Woodinville, Washington-Based Companion Care
Family Resource Home Care (FRHC), a portfolio company of private equity firm Great Point Partners, has announced the acquisition of Companion Care, Inc. According to data captured in the LevinPro HC database, this transaction represents the 54th Home Health & Hospice acquisition of 2023. Companion Care is a leading home care service providing non-medical services for the elderly or disabled in Woodinville, Washington and nearby areas. FRHC is one of the largest independent home care services providers in the Pacific Northwest. It offers nurse delegation, personal care, home health, meal prep and companionship to allow a client to live at home. The purchase is part of FRHC’s plan to... Read More »
Assured Hospice Acquisition and Home Health M&A Trends – A Conversation with Alex Veach of Agenda Health
Agenda Health, a healthcare-focused M&A advisory firm based in Austin, Texas, advised Assured Hospice in its acquisition by Agape Care Group, a portfolio company of private equity firm Ridgemont Equity Partners. Agenda Health’s mission is to deliver consistent results with a faith-based, Christ-centered focus. Agape originally announced the deal in late June, but we were able to speak with Alex Veach, Director of Transactions Services at Agenda Health, to get an inside look into the Assured Hospice acquisition, as well as the home health M&A market as a whole. Based in Cartersville, Georgia, Assured Hospice provides physical, emotional and spiritual end-of-life care through a team... Read More »
Help at Home Grows with Two Home Care Acquisitions in Ohio and Indiana
Help at Home announced the completion of two acquisitions: Ohio-based Berkshire Homecare and Indiana-based My Care at Home. Berkshire Homecare serves the Cleveland area that includes Lorain and Cuyahoga counties and has been providing care since the early 1990s. My Care at Home is a provider of non-medical home care in Shelbyville, Indiana, serving the community since 2013. Help at Home is a leading national provider of in-home care services, delivering high-quality, relationship-based personal care and other services to help seniors and the disabled remain in their homes, the preferred setting of care. As of December 31, 2022, Help at Home operated more than 180 branch locations across 12... Read More »
Addus HomeCare Reports Impressive Q2:23 Earnings Led by Personal Care, Eyes Expansion Amidst Segment Challenges
Addus HomeCare (NASDAQ: ADUS) came out with its second quarter financial results on July 31, 2023, holding its earnings call the next morning. Addus posted revenue of $260 million during Q2:23, an increase of 9.7% over Q2:22 when it generated revenue of $237 million. The company also reported second-quarter net income of $14.9 million, an increase of 32% compared to the $11.3 million reported during the same period last year. Last quarter, it was expected that Addus would post earnings of $0.90 per share when it actually produced earnings of $0.97, delivering a surprise increase of 7.78%. This marks the fourth consecutive quarter in which the company has exceeded EPS estimates. Addus’... Read More »
Dr. Amar Desai to Lead Optum Health as New CEO
After less than six months in his role as president of health care delivery at CVS Health, Dr. Amar Desai is returning to UnitedHealth Group as the new CEO of Optum Health. The shift in leadership comes as Optum Health is growing its presence in the home health and hospice market. The company recently acquired two of the largest providers in the space – LHC Group and Amedisys Inc. – with price tags of $6 billion and more than $3.7 billion, respectively. In his role as Optum’s CEO, Dr. Desai will oversee operations of the company’s nearly 135,000 employees that provide home health, hospice and other services to 103 million patients nationwide. “I am looking forward to working with our... Read More »Schedule a demo
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