Honor Health Network Acquires Home Health & Hospice Practice
On November 1, Honor Health Network, based in Ridgefield Park, New Jersey, announced it acquired Nightingale Services, Infusion, and Pharmacy. Provident Healthcare Partners advised Nightingale Services, Infusion, and Pharmacy in the transaction. Bouhan Falligant served as legal counsel to Nightingale and Goodwin Procter served as legal counsel to Honor Health Network. Nightingale Services, Infusion, and Pharmacy is a comprehensive home care provider which has been serving Georgia since its inception in 1987. The company offers skilled nursing, infusion services, pharmacy, structured family care and personal care services at 11 locations across Georgia and services patients in... Read More »
PE-Backed Avid Health at Home Acquires Independence 4 Seniors
Havencrest Capital Management, a Dallas-based healthcare private equity firm, announced on October 30 an acquisition under its Avid Health at Home platform: Independence 4 Seniors based in Hinsdale, Illinois. Independence 4 Seniors is a home care provider in the Chicago MSA. The company has provided personalized home care for older adults in DuPage County and Western Cook County since 2002. Avid Health at Home is a home care platform providing personal care and private-duty nursing services across seven locations in the Chicagoland area and North Carolina. Avid Health at Home was formed by private equity firm Havencrest Capital Management through its acquisition of For Papa’s... Read More »
Intrepid Advises Prime Providers on Its Acquisition of Right Choice In-Home Care
Intrepid Investment Bankers announced on October 3 that it served as exclusive financial advisor to Prime Provider on its acquisition of Right Choice In-Home Care. Intrepid structured and negotiated a financing package from Firmament, a New York-based investment firm, to support this acquisition. Right Choice In-Home Care serves Canoga Park, California and the surrounding area. Right Choice provides personal care and respite care services to patients with intellectual and developmental disabilities in California. Prime Providers is a home healthcare platform founded in 2018 by Pine Street, an investment firm led by Jonathan Sassover and Michael Davidov. The combined... Read More »
Navigating Labor Headwinds in Home Health
More than three-quarters of Americans ages 50 and older want to age in place, according to an AARP survey. This comes as The U.S. Administration on Community Living projects the number of Americans aged 65 and older will rise to 80.8 million by 2040, creating significant demand for home health delivery models in the United States. But now, with the HH&H sector approaching a projected global shortage of 10 million health workers by 2030, according to the World Health Organization, the labor issues we’re already seeing in the space are only going to worsen. The labor issues have profound implications for M&A activity within the sector. According to LevinPro HC data, deal volume in... Read More »
Hospice Care Transformed by Private Equity and Public Acquirers: Key Insights
In the evolving world of hospice care, private equity firms and publicly traded companies have made their mark, according to a recent study published in JAMA Network Open. The JAMA study looked at 1,967 U.S. hospice agencies, of which 158 were acquired by private equity firms and 250 were acquired by publicly traded companies. The data revealed a significant shift in the patient demographics and care approaches at hospice agencies acquired by private equity firms and publicly traded companies. This transformation seems geared towards maximizing profitability. According to the JAMA study, private equity-owned agencies saw a nearly 6% surge in patients with dementia... Read More »Schedule a demo
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