Parentis Health Expands Continuum of Care Services for Seniors with Pop-in Care Acquisition
Parentis Health, a Laguna Hills, California-based healthcare company focusing on senior care, has acquired Pop-in Care, a licensed home healthcare company catering to seniors, individuals with disabilities and those recovering from surgeries or other acute illnesses. Financial terms of the transaction were not disclosed. Parentis already offers several services for seniors, including home care, home health, hospice, and transportation services under the Parentis brand, and residential care, under its Verona Court brand. But its CEO Health Tarek A. El Nabli recognized the gap filled by Pop-in Care, which specializes in short visits, without minimum hourly or weekly time or visitation... Read More »
UnitedHealth Group Buys LHC Group, Inc. in $6 Billion Deal
March almost came and went without any major M&A news, but then UnitedHealth Group announced it was buying LHC Group, Inc., one of the largest home health providers in the nation. The deal is being completed through Optum, a significant part of UnitedHealth Group. LHC is going for $170 per share, or $5.4 billion in cash. With debt included, that brings the deal’s total to $6 billion. Based in Lafayette, Louisiana, LHC Group, Inc. is a national provider of in-home healthcare services and innovations for communities around the nation, offering quality, value-based healthcare to patients primarily within the comfort and privacy of their home or place of residence. The company’s... Read More »
Bristol Hospice acquires Hope Hospice in First Deal of 2022
Bristol Hospice, a hospice services provider based in Salt Lake City, Utah, announced the acquisition of Missouri-based Hope Hospice, a locally-owned, community based hospice provider, for an undisclosed sum in the company’s first deal of the year, and marks Bristol’s entry into the Missouri market. This acquisition follows nine acquisitions during 2020 and 14 in total since private equity firm Webster Equity Partners purchased Bristol Hospice in 2017. Hope Hospice in St. Louis was established in the early 2000s. Discussions of a possible sale began in late 2020 with its M&A advisors Agenda Health. The deal reflects the growing importance of established community relationships and... Read More »
Traditions Health Acquires Kansas-Based Serenity Health Management
Traditions Health LLC, a portfolio company of the family-owned investment firm Dorilton Capital Advisors, has acquired Serenity Health Management for an undisclosed amount, giving the company a larger foothold in Kansas. While Traditions offers hospice in the Kansas City region, this transaction marks the entry of its home health business into the state. Serenity Health Management is a hospice and home health provider based in Wichita, Kansas. The home-grown and rooted company is well-established in its market, giving it an edge among even its largest competitors in the state. This has also aided the provider with staff retention, which has become a key consideration in almost every... Read More »
24 Hour Home Care Acquires People-First Home Care Agency Bright Moon Care Services
24 Hour Home Care, a non-medical in-home care provider, announced the acquisition of Bright Moon Care Services, a home care agency that specializes in high-quality personal care for seniors. The deal was made effective February 28th, 2022. The move to acquire Bright Moon Care Services reflects expansion opportunities for 24 Hour Home Care within Ventura County and underscored the value of Bright Moon Care Services’ uniquely strong community ties. 24 Hour Home Care plans to continue to create similar opportunities as a part of its vision to become one of the largest home care providers in the nation. The deal was made effective February 28th, 2022. 24 Hour Home Care is an industry-leading... Read More »Schedule a demo
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