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 »
Interview with Andre Ulloa at M&A Healthcare Advisors
We are always interested in hearing the opinion of advisors and other industry experts regarding the Home Health & Hospice (HH&H) market. So, we put out a pulse survey to gain a deeper understanding of the current trends and future outlook. From this survey, we spoke with Andre Ulloa, Partner and Executive Advisor at M&A Healthcare Advisors, to get his perspective on the market. Q: On a scale of 1-5, how optimistic are you about the future of the HH&H M&A market within the next year or two? A: “It’s been very difficult to predict markets in the last five years. Initially, volatility due to regulatory changes led to massive consolidations pre-COVID. The... Read More »
Elara Caring Grows Midwest Footprint With Caregivers Home Health Deal
Dallas, Texas-based Elara Caring announced that it has acquired Caregivers Home Health in a transaction that allows Elara Caring to enter the Iowa market and expand its footprint in Kansas. Founded in 2004, Caregivers Home Health is a privately-owned home health agency that operates in Kansas and Iowa. The company has locations in Topeka and Garden City, Kansas and Chariton and Centerville, Iowa. Elara Caring is one of the nation’s leading providers of home-based care, offering skilled home health, hospice, personal care services, behavioral health and palliative care. With a footprint in 17 states in the Northeast, Midwest and Southwest, it serves more than 60,000 patients and their... Read More »
Home Oxygen Company Acquires Community Hospice & Health Services’ DME Division
Home Oxygen Company announced that it has completed an asset purchase of the durable medical equipment (DME) division of Community Hospice & Health Services, a nonprofit, community-based hospice and support services agency based in Modesto, California. The transaction, announced on June 25, closed June 15, 2024. Home Oxygen Company is a DME provider based in Modesto, California. The company provides cutting-edge home medical equipment and supplies for use in the home. Home Oxygen Company has also moved its warehouse to a larger 10,000-square-foot distribution center to accommodate its expanded business. The new center will serve the Sacramento and San Francisco areas. Financial terms... Read More »
Brightspring Health Services Acquires Haven Hospice for $60 Million
On June 24, BrightSpring Health Services, a portfolio company of New York-based private equity firm KKR & Co., announced that it was purchasing a home health organization for $60 million. North Central Florida Hospice, Inc. and Haven Medical Group, LLC are collectively known as Haven Hospice, a Florida-based company holding a Certificate of Need (CON) for comprehensive hospice care services in 18 counties in north central Florida. Founded in 1974, BrightSpring is a leading provider of diversified home and community-based health and pharmacy services to medically complex and high-need populations. Close to 80% of the company’s health care services are provided in the home.... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
