Elevance Health Adds To Carelon Portfolio With Carebridge Acquisition
Elevance Health has signed a deal to purchase Carebridge, a Nashville, Tennessee-based manager of home care and community-based services. The agreement to buy Carebridge was disclosed by Elevance Health president and chief executive officer Gail K. Boudreaux during a call on the morning of October 18, 2024 to discuss the company’s third quarter earnings. CareBridge helps coordinate care of individuals who receive home and community-based services by providing 24/7 access to a clinician. CareBridge generates more than $4 billion annually, according to a spokeswoman with Oak HC/FT, an investment firm that helped start the company in 2019. Elevance Health, formerly Anthem, Inc., connects... Read More »
Durable Medical Equipment: Driving Growth in Home Health & Hospice
When the Home Health and Hospice (HH&H) sector is talked about, the focus is typically centered on patient-centric areas, leaving one vital component under-discussed: the durable medical equipment and respiratory home care (DME) field. The DME subsector is a broad industry that encompasses daily medical equipment designed for use in the home. This includes in-home services for mobility aids, shower and transfer benches, in-home hospital beds, oxygen and breathing concentrators, internal and external feeding tubes, surgical dressings, wound care equipment, ostomy bags, tracheostomy tubes and blood testing diabetic strips. According to the LevinPro HC database, as of October 4, 2024,... Read More »
Aging Advocates CNY acquires Senior Home Care Solutions
Aging Advocates CNY announced in late July that it had agreed to acquire Senior Home Care Solutions. The deal goes into effect on January 1, 2025. Senior Home Care Solutions is a non-medical home care provider based in East Syracuse, New York. The company provides guidance and solutions to address aging-related needs to the senior community of New York. Aging Advocates CNY is a senior care management company located in Manlius, New York. The company offers specific solutions and services available to clients’ unique aging-related needs, including care management, personal care, companion care, care plans, quality of life programs, housing coordination, advanced care planning, end of life... Read More »
The LTM Group Expands Texas Footprint With Wichita Home Health Services Deal
The LTM Group has announced the acquisition of Wichita Home Health Services. The deal will add more than 500 team members and more than 1,000 patients to the company’s network. Based in Wichita Falls, Texas, Wichita Home Health Services has provided home care to patients in its surrounding communities since 1969. The business was founded by Dr. Ruth Constant, who developed the first home health agency certified under Medicare in 1966. She was also one of the founding fellows of the National Association for Home Care & Hospice and the Texas Association of Home Care and Hospice (TAHC). Wichita Home Health is currently led by Chrystal Everett, who also serves as the president of TAHC. The... Read More »
National Seating & Mobility Acquires AdaptHealth’s Rehabilitation Technology Assets
National Seating & Mobility (NMS), a portfolio company of New York City-based private equity firm Court Square Capital Partners, announced that it acquired AdaptHealth’s complex rehabilitation technology assets. According to data captured in the LevinPro HC database, this acquisition marks the 59th Home Health & Hospice transaction of the year. AdaptHealth specializes in home medical equipment and in-home care solutions across the United States. NMS provides rehabilitation technology solutions focusing on highly customized wheelchairs for patients diagnosed with long-term or permanent loss of mobility. NMS operates through rehabilitation technician specialists who... Read More »Schedule a demo
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