Reliable Medical Acquires DME Provider Orbit Medical
Reliable Medical, a portfolio company of Seven Hills Capital since November 2018, announced its acquisition of Orbit Medical. As part of the transaction, Seven Hills Capital and its management have re-invested into Reliable Medical to support the Orbit partnership and fund future growth through new locations and partnerships. Orbit Medical is one of the Midwest’s largest durable medical equipment (DME) providers serving more than 30,000 patients annually, operating in Illinois, Michigan and Wisconsin. The company specializes in power mobility, complex rehab, home respiratory, orthotic devices, general DME and pain management supplies. Reliable Medical provides complex rehab technology,... Read More »
Home Health Valuations Steady Despite Crushing Labor Costs: An Interview With Al Veach & Jason Harrison of Agenda Health
Deal activity in the Home Health & Hospice (HH&H) space has slowed dramatically over the course of the year. The break-neck pace set during the first quarter of 2022, when 32 HH&H transactions were announced, didn’t last. During the fourth quarter, HH&H deals are barely trickling in. There have been just 15 deals announced during this quarter as of December 5th, a 62% decrease from Q4’s total in the previous year, when there were 39 deals announced. We will see where we end up on January 1, but a decline seems likely. Despite the slow market, M&A advisors are optimistic. We spoke with Al Veach and Jason Harrison of Agenda Health about their outlook on the home health... Read More »
Generational Equity Advises Inteli-Care in its Sale to 24 Hour Home Care
Generational Equity, a leading M&A advisor for privately held businesses, announce the sale of its client Inteli-Care LLC to 24 Hour Home Care. The transaction closed on November 16, 2022. According to the LevinPro HC database, this marks the 100th Home Health & Hospice transaction announced during 2022. Inteli-Care was wholly owned by CEO Onesimo “Mo” Vigil and Executive Director Rachel Vigil. Post-closing, both Mo and Rachel will be partners of the acquirer and continue in their respective roles and positions. Founded in 2003, Inteli-Care is a non-medical home health care provider based out of Albuquerque, New Mexico. Inteli-Care’s caregivers and personal care... Read More »
Kain Capital Announces Formation of New Hospice Holding Company and Its First Acquisition
Kain Capital LLC, a New York-based private equity firm, announced on November 18th both the formation of a new holding company for hospice investments, PERA Holdings, and the completion of the new platform’s acquisition of a majority stake in Hospice Care of America (HCA). The HCA acquisition marks PERA Holdings’ first acquisition. Terms of the deal were not disclosed. Founded in 2004 and headquartered in Kansas City, HCA offers quality hospice services and has operations in Oklahoma, Kansas, Missouri and Colorado. HCA also operates Colorado Palliative & Hospice Care, Missouri Palliative & Hospice Care, Kansas Palliative & Hospice Care and Oklahoma Palliative &... Read More »
InHome Therapy Acquires Libertas Rehab
InHome Therapy, based in King of Prussia, Pennsylvania, announced that it purchased Libertas Rehab. The transaction was announced on November 9, but officially closed on August 31. InHome Therapy leverages its systems, processes and tools to deliver sustainable and measurable results to home therapy patient care. InHome Therapy employs more than 300 therapists and has completed more than 2 million patient visits across the United States. Libertas Rehab is a home therapy concept serving the metro areas of Corpus Christi, San Antonio, Austin, El Paso, Dallas, Fort Worth and Houston, Texas. The business was created in 2014 and has grown to a network of about 200 therapists who conduct an... Read More »Schedule a demo
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