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Quadria-Backed HCAH Acquires Nightingales Home Health Services in India
Health Care At Home India Pvt. Ltd (HCAH), backed by Asia healthcare focused private equity firm Quadria Capital, has acquired Nightingales Home Health Services in a share swap deal. According to data captured in the LevinPro HC database, this acquisition represents the 28th Home Health & Hospice (HH&H) transaction of 2023. The acquisition aims to increase HCAH’s geographic footprint in India. With this acquisition, Nightingales’ co-founder, Vishal Bali, will join HCAH as a shareholder. Financial terms of the deal were not disclosed. Nightingales Home Health Services is a specialty home healthcare service provider in India with a focus on specialty home health services... Read More »
Viemed Healthcare Acquires Home Medical Products, Inc.
Viemed Healthcare, Inc. announced on April 18 that it has entered into a definitive agreement to acquire Tennessee-based Home Medical Products, Inc. (HMP). The transaction is expected to close in June 2023 with a purchase price of approximately $31.75 million, adjusted for net working capital and other customary closing adjustments. Viemed expects to fund the acquisition through a combination of cash on hand and borrowings from its existing undrawn credit facilities. Founded in 2004, HMP is a regional provider of respiratory focused home medical solutions. In 2022, HMP generated net revenues of approximately $28 million and adjusted EBITDA of approximately $6.8 million. Viemed Healthcare,... Read More »
Seven Hills-Backed Reliable Medical Acquires Capstone Medical Partners
Reliable Medical Supply, a portfolio company of Chicago-based private equity firm Seven Hills Capital, announced the purchase of Washington-based Capstone Medical Partners for an undisclosed price. The acquisition further expands Reliable Medical Supply’s footprint into the Pacific Northwest, as well as enhances its solutions to long-term care facilities. Capstone Medical Partners is a Complex Rehab Technology (CRT) & Durable Medical Equipment (DME) provider based in Lakewood, Washington. Capstone Medical specializes in providing CRT & DME to long-term care facilities. Reliable Medical Supply provides CRT, clinical respiratory products, DME and supplies to serve a fragile patient... Read More »
Agenda Health Facilitates Sale of HealthKeeperz’s Home Health Business to BAYADA Home Health Care
HealthKeeperz, a home and community-based health care service provider based in Pembroke, North Carolina, announced in early March its plans to sell its home health business to BAYADA Home Health Care (BAYADA). The transaction was expected to be completed by the end of March, with a focus on minimizing the impact on current HealthKeeperz employees, patients and partners. The deal was facilitated by Agenda Health, a faith-based, healthcare-focused M&A advisory firm based in Austin, Texas. Founded in 1966, HealthKeeperz provides palliative care, equipment and services that combine medical care with emotional and spiritual support for the patient and their family. As part of an integrated... Read More »
