• Smile Brands Scoops Up Dentistry of Sarasota

    On December 2, Smile Brands, one of the largest providers of dental support services in the United States, announced its new partnership with Dentistry of Sarasota. Financial terms of the deal were not disclosed. Smile Brands provides business support services to general and multi-specialty dental groups since its founding in 1998. The company... Read More »
  • Ingenovis Health to Acquire HealthCare Support

    Ingenovis Health, Inc., one of the fastest-growing providers of healthcare staffing, announced on November 29 that it has agreed to acquire HealthCare Support, a national healthcare staffing platform providing a full range of customized hiring solutions across the country. Financial terms of the transaction, which is expected to close in the... Read More »
  • Edifecs to Acquire Health Fidelity

    On November 22, Edifecs, Inc. announced that it has signed a definitive agreement to acquire Health Fidelity, a leading provider of risk adjustment solutions for the value-based care era. The acquisition is expected to close in mid-December of this year, pending regulatory approval. Founded in 1996, Edifecs is a premier technology company in the... Read More »
  • Israeli Startup TailorMed Acquires Vivor

    On November 29, TailorMed, a leading financial navigation platform that helps healthcare organizations and patients remove financial barriers to care, announced that it has acquired Vivor, a financial assistance technology platform for healthcare providers and life sciences. The financial terms of the transaction were not disclosed. TailorMed is... Read More »
  • HomeCentris Healthcare Acquires Grace Home Healthcare

    On November 26, HomeCentris Healthcare, LLC announced that it had acquired Grace Home Healthcare, LLC. The deal was closed in October for an undisclosed amount. Headquartered in Owings Mills, Maryland, HomeCentris Healthcare, LLC is an independent home and community-based care organization. It was founded in 2000 and provides its services to... Read More »
Best Buy Acquires Care-At-Home Platform Current Health

Best Buy Acquires Care-At-Home Platform Current Health

On Tuesday, the retail giant Best Buy announced that it has signed an agreement to acquire the home care and remote monitoring platform Current Health in an effort “to help make home the center of health,” according to the company. Terms of the deal were not disclosed. Like other major retail companies, such as Amazon and Walmart, Richfield, Minnesota-based Best Buy has been steadily increasing its interest in both health care and home care over the last few years. In 2018, Best Buy acquired GreatCall, a health technology company that designs phones for older adults, for $800 million. Less than a year later, in 2019, Best Buy acquired Critical Signal Technologies, a provider of remote... Read More »
Addus HomeCare Completes Acquisition of Summit Home Health, LLC

Addus HomeCare Completes Acquisition of Summit Home Health, LLC

Addus HomeCare Corporation (NASDAQ: ADUS), a provider of home care services based in Frisco, TX, announced that it has completed the acquisition of in-home health care agency Summit Home Health, LLC, effective October 1, 2021. The transaction was funded by Addus with cash on hand. Headquartered in Bolingbrook, IL, Summit has been providing in-home health care to patients across the greater Chicago area since 2009. The company serves an average daily census of approximately 240 patients for skilled home health services. Summit currently has annualized revenues of approximately $7.0 million. Established in 1979, Addus HomeCare Corporation provides hospice, home health and personal care... Read More »
Addus HomeCare Completes Acquisition of Summit Home Health, LLC

Senior Helpers Acquires Miller Home Care

The national home health chain Senior Helpers has announced the acquisition of Miller Home Care, LLC, a home health agency based in Milwaukee. Miller Home Care provides in-home senior care, offering services ranging from companion care for seniors who need daily assistance to in-depth specialized care for those with Alzheimer’s, Dementia, Parkinson’s and other chronic diseases. No terms were disclosed. This is the first deal for Senior Helpers since it became a subsidiary of Advocate Aurora Enterprises, which is, in turn, a subsidiary of Advocate Aurora Health, one of the 12 largest not-for-profit, integrated health systems in the nation. Advocate Aurora Enterprise was formed to help the... Read More »
Charter Health Care Group Expands in Texas

Charter Health Care Group Expands in Texas

The private equity-backed Charter Health Care Group has struck a deal for two home health agencies in the Texas market. Charter Health is acquiring Genesis HospiceCare and Saints Hospice for an undisclosed sum. Founded in 1995, Genesis HospiceCare has provided high-quality hospice care to patients and families in the Athens, Texas, community for more than 25 years while Saints Hospice has served the Plano community for 15 years. No terms were disclosed. Charter offers a broad spectrum of post-acute care services for patients navigating the last years of life, including hospice, palliative care, acute/hospital-based care, skilled home health and private duty home care. Charter’s... Read More »
Sharecare Acquires CareLinx

Sharecare Acquires CareLinx

The digital health platform Sharecare, Inc. has moved into the Home Health & Hospice sector. Last week, the company announced a definitive agreement to acquire CareLinx Inc for $65 million, or $54.6 million in cash and $10.4 million in Sharecare common stock.  CareLinx is a technology platform of tech-enabled care providers, both clinical and non-medical, which can be dispatched on-demand to any location. The company has more than 450,000 caregivers in its network, and it couples its home care services with mobile technology to facilitate rich data capture, population health analytics, and the enabling of real-time care coordination with remote clinical teams.  For the year ended... Read More »

ModivCare Expands Northeast Presence With Acquisition of CareFinders

Atlanta-based ModivCare has announced a definitive agreement to acquire CareFinders Total Care LLC, a personal care provider in the Northeast, with a scaled presence in New Jersey, Pennsylvani, and Connecticut. The deal is a 100% equity purchase valued at $340 million. After tax attributes, the net purchase price is $306 million.  CareFinders delivers approximately 10 million hours of care annually to over 7,500 patients through its more than 6,200 caregivers. CareFinders’ revenue is primarily generated from Medicaid and MCO payers. It has approximate annual revenues of $200 million.  This acquisition strengthens ModivCare’s position in the Northeast. Once the acquisition of CareFinders is... Read More »