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Justice Department Moves to Block UnitedHealth’s $3.3 Billion Acquisition of Amedisys
The U.S. Department of Justice (DOJ) is seeking to block UnitedHealth Group’s $3.3 billion acquisition of home health provider Amedisys, which was set to be folded into UnitedHealth’s Optum subsidiary. The deal has sparked antitrust concerns, with the DOJ arguing that the merger would significantly reduce competition in the home health and hospice services market and potentially lead to higher prices for patients. UnitedHealth, which planned to integrate Amedisys into its Optum subsidiary, has faced scrutiny from regulators since announcing the deal in June 2023. The DOJ’s main concern revolves around the potential for monopolistic control in local home health markets where both companies... Read More »
Cardinal Health Inks Two Deals Worth $3.9 Billion
Cardinal Health announced plans to buy two companies in an aim to expand its diabetes and gastroenterology businesses as part of an overall strategy to grow its footprint in specialty medicine. The Dublin, Ohio-based company announced on November 12 that it entered into definitive agreements to acquire a majority stake in GI Alliance for $2.8 billion. Cardinal Health is acquiring 71% ownership in GI Alliance from a combination of GI Alliance physician owners and funds managed by affiliates of Apollo Global Management. On the same day, Cardinal Health announced that it plans to buy Carlsbad, California-based Advanced Diabetes Supply Group (ADSG) for approximately $1.1 billion in cash.... Read More »
New Day Healthcare Acquires Intrepid USA’s Missouri and Texas Hospice Assets
On November 11, Texas-based New Day Healthcare announced its acquisition of Intrepid USA’s hospice operations in Joplin and Springfield, Missouri and Beaumont, Texas. Dallas-based home health and hospice provider Intrepid USA’s geographic footprint spans 66 locations in 14 states. Intrepid has two locations in Beaumont, Texas, where the company provides home-based hospice, palliative and supportive care services. The company provides hospice care at home through its location in Joplin, Missouri. New Day Healthcare was formed in 2020 by G. Scott Herman and a group of home health, home care and hospice leaders. New Day Healthcare is committed to building a home care delivery network focused... Read More »
PE-Backed Choice Health at Home Bolsters Oklahoma Footprint With Accentra Home Health and Hospice
Private equity-backed Choice Health at Home announced that it is acquiring the Oklahoma City-based Accentra Home Health and Hospice. Accentra Home Health and Hospice is dedicated to providing home health and hospice services to patients across Oklahoma. Accenture’s growing network can admit patients in the cities and towns surrounding Oklahoma City, Tulsa, Kingfisher, Henryetta, Norman, Duncan, Chickasha and Enid. Choice Health at Home, a portfolio company of Coltala Holdings and backed by Trive Capital, was founded in 2008 as a rehabilitation service provider, entered home health in late 2012 and launched its hospice segment in 2018. The company provides a broad spectrum of... Read More »
Behind the Deal: Agenda Health Advises Angels Crossing Home Hospice in Sale to Mission Health Services
Agenda Health, a healthcare-focused M&A advisory firm, recently played a key role in the acquisition of Angels Crossing Home Hospice, a Utah-based hospice provider, by Mission Health Services. This strategic acquisition allows Mission Health Services to enhance its hospice care offerings within Utah. Angels Crossing Home Hospice, headquartered in Midvale, Utah, focuses on bringing meaning and fulfillment during the final stage of life, in addition to providing comfort and symptom management related to a patient’s illness. Mission Health Services, also based in Utah and founded in 1990, is a non-profit organization offering skilled nursing, rehabilitation, assisted living, memory care... Read More »Schedule a demo
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