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Aveanna Healthcare Acquires Accredited Home Care
On December 1, Aveanna Healthcare Holdings, a pediatric home health care company, announced that it has completed the acquisition of Accredited Home Care, a home care agency in the western United States, for a base price of $180 million. Aveanna Healthcare was founded in 2017 and cares for upwards of 50,000 patients in 27 states across more than 200 branch offices. In April 2021, Aveanna went public through a $100 million IPO. Founded in 1980 and operating in California, Accredited Home Care provides nursing and home health services to more than 9,000 patients annually through its team of 6,250 field nurses and caregivers. Accredited has five offices located in Los Angeles, Orange, and... Read More »
HomeCentris Healthcare Acquires Grace Home Healthcare
On November 26, HomeCentris Healthcare, LLC announced that it had acquired Grace Home Healthcare, LLC. The deal was closed in October for an undisclosed amount. Headquartered in Owings Mills, Maryland, HomeCentris Healthcare, LLC is an independent home and community-based care organization. It was founded in 2000 and provides its services to private pay clients, Medicaid waiver clients, Medicare clients, veterans, and clients with other third-party payors. With five different locations throughout Maryland, HomeCentris is the state’s largest Medicaid home care provider. In addition, HomeCentris provides personal care services in Philadelphia and Harrisburg, Pennsylvania. Based in Fairfax,... Read More »
Pharos Capital’s Charter Health Care Group Acquires Silver Linings Hospice Care
Pharos Capital Group, LLC has announced the acquisition by its post-acute care provider platform Charter Health Care Group of Silver Linings Hospice Care in Albuquerque, marking Charter’s first move into the New Mexico market. Financial terms were not disclosed. Pharos Capital is a physician-founded private equity firm based in Dallas and Nashville. With over $1.3 billion of private equity assets under management as of September 30, 2021, Pharos Capital invests in growing healthcare companies that aim to lower the total cost of care, improve patient outcomes and expand access to care in underserved markets. Charter Health Care is an integrated post-acute care provider offering hospice,... Read More »
Centene Corporation Sells Majority Stake in U.S. Medical Management, LLC
The managed care-giant Centene Corporation is divesting a majority share in U.S. Medical Management, LLC (USMM) to several buyers in a deal announced earlier in November. No price was disclosed for this deal, but Centene purchased USMM in 2013 for $200 million, or 0.6x that year’s expected revenue for USMM. USMM provides a continuum of in-home services including primary care, health risk assessments, home health, hospice, podiatry, radiology DME, lab and pharmacy. USMM also owns several allied health assets, which assist in the provision of home-based primary care and furthers the value and efficiency of house call medicine. USMM Accountable Care Partners (USMM ACP) launched as an... Read More »
LHC Group Previews Q3 Results
On October 18, 2021, LHC Group, Inc. provided a preview of its expected results for the third quarter which ended on September 30, 2021, as well as an update to its previously reported guidance for the year ending on December 31, 2021. Founded in 1994, LHC Group, Inc. is a national provider of in-home healthcare services and innovations for communities around the nation. The company’s 30,000 employees deliver home health, hospice, home and community-based services, and facility-based care in 35 states and the District of Columbia, reaching 60% of the U.S. population aged 65 and older. In their quarterly report preview, LHC Group reported several headwinds that they experienced during... Read More »Schedule a demo
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