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 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 »
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
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
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 »Schedule a demo
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