Grosvenor Health and Social Care Acquires Esteem Care Holdings in Multimillion-Pound Deal
U.K.-based home care provider, Esteem Care Holdings, has been sold to Grosvenor Health and Social Care. Esteem Care Holdings provides more than 7,150 care hours weekly to 620 clients through a team of 250 care staff. With branches in Manchester, Leeds, Carlisle, Kendal, Dumfries and Stranraer, Esteem Care’s team focuses on personalized care, with the goal of eliminating loneliness, promoting good nutrition and enhancing safety at home. Grosvenor Health and Social Care is a U.K.-based provider of health and social care services intended for young adults and the elderly. The company offers personal health support, domiciliary care, homecare, as well as quick discharge services across the... Read More »
Hospice of the Western Reserve Completes Affiliation With Hospice of North Central Ohio
Hospice of the Western Reserve announced that it has completed its affiliation with Hospice of North Central Ohio (HNCO), expanding its geographic presence in Ohio. Headquartered in Ashland, Ohio, HNCO is a non-profit, community-oriented organization serving the Ashland, Crawford, Huron, Knox, Morrow, Richland and Wayne counties. Headquartered in Cleveland, Ohio, Hospice of the Western Reserve provides palliative end-of-life care, caregiver support and bereavement services throughout Northern Ohio. The organization is a subsidiary of Western Reserve Care Solutions (WRCS), a nonprofit community-based agency focused on supporting individuals with advanced chronic disease and terminal... Read More »
Owens & Minor Acquires Rotech Healthcare for $1.36 Billion
On July 23, Owens & Minor, Inc. announced that it entered into an agreement to acquire Rotech Healthcare Holdings, Inc. for $1.36 billion in cash. Given anticipated tax benefits of approximately $40 million from the transaction, the net purchase price is approximately $1.32 billion, which represents approximately a 6.3x multiple of last 12 months EBITDA, excluding synergies. Rotech is one of the largest providers of home medical equipment and related products and services in the United States, with a comprehensive offering of oxygen, other respiratory therapy equipment, wound care equipment and supplies and diabetes devices and supplies. Rotech generated approximately $750... Read More »
Agenda Health Advises Angel Senior Home Care on Sale – A Look Behind the Deal
Agenda Health, a healthcare-focused M&A advisory firm based in Austin, Texas, played a key role in the recent acquisition of Angel Senior Home Care, a Virginia-based home health provider, by an undisclosed buyer. The deal marks a strategic move for the buyer, enabling it to expand its footprint into Virginia, a new state for its operations. Agenda Health’s involvement began by initiating contact with Angel Senior Home Care. Ryan Lafferty, an M&A advisor at Agenda Health, shared insights into the deal process. “I connected with the sellers last summer and went through a process of helping them figure out their value and connect with buyers. It took about a year to... Read More »
Pennant Group Expands With Signature Healthcare Assets
The Pennant Group Inc. announced on July 11 that it has agreed to acquire Signature Healthcare at Home’s hospice and home health assets for a combined purchase price of $80 million. Signature Healthcare at Home is a provider of home health and hospice services in the Pacific Northwest, with multiple locations throughout Oregon, Washington and Idaho. Signature employs a team of more than 650 home health and hospice staff. It has an annual revenue of approximately $78 million, home health admissions of more than 12,000 and an average daily hospice census of more than 300, each over the trailing twelve months. The Pennant Group, Inc. is a holding company of independent operating subsidiaries... Read More »Schedule a demo
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