Legacy Care Partners Announces Acquisition of Superior Home Health and Superior Hospice
Legacy Care Partners has announced the successful acquisition of Superior Home Health and Superior Hospice, marking its first acquisition of 2024. According to data captured in the LevinPro HC database, this transaction represents the seventh Home Health & Hospice transaction of 2024. Headquartered in San Antonio, Texas, Superior Hospice and Superior Home Health operate in seven locations across the South Central and greater South Texas region. Based in Manitowoc, Wisconsin, Legacy Care Partners is engaged in the procurement and management of a portfolio of related healthcare facilities and services and aftercare services to offer a continuum of care and elevated care... Read More »
Top Home Health & Hospice Investors of 2023
The deal activity of Home Health & Hospice investors has been on a steady decline over the past two years, ever since reaching its peak in the fourth quarter of 2021. There were 95 reported transactions in the 2023 Home Health & Hospice market, which is a 16% decrease from 2022 when there were 113 deals announced. The sector was impacted by a number of headwinds, such as low wages, rising cost of delivering care, staffing challenges and a fear of violence among home care aides, nurses and therapists. For 2024, home care leaders are looking toward AI, alternative payer sources, employee-centric solutions and much more so they can provide an integrated and individualized care plan to... Read More »
PurposeCare Announces Three New Acquisitions
Chicago, Illinois-based PurposeCare kicked off the week with three new acquisition announcements in the Midwest. PurposeCare acquired A/Abiding Care-Elder Bridge (AAEB), a private pay home care agency in Park Ridge, Illinois. The acquisition of AAEB overlaps with PurposeCare’s existing home health operation in Illinois. PurposeCare acquired Michiana Home Care, which operates two, four-star Medicare-certified home health agencies in Niles, Michigan and Granger, Indiana. Michiana provides a skilled care compliment to PurposeCare’s Home Care operations in both states. PurposeCare acquired Queen City Skilled Care, a three-star Medicare-certified home health agency in Cincinnati,... Read More »
PE-Backed Fortis Home Health & Hospice Expands Midwest Footprint
Fortis Home Health & Hospice, a portfolio company of middle-market private equity firm Grant Avenue Capital, announced on January 11 that it purchased Physiocare Home Health and Hospice. Grant Avenue Capital provided the equity financing for the transaction. Physiocare Home Health and Hospice is a Medicare-certified home health and hospice provider that operates in Indiana. Fortis Home Health & Hospice is Grant Avenue Capital’s home-based care buy and build initiative that was launched in December 2020. It has locations in Indiana and Utah. Fortis’ purchase of Physiocare marks the company’s fourth completed acquisition and expands its footprint in the Midwest. The... Read More »
Top 5 Home Health & Hospice Deals of 2023
The Home Health & Hospice (HH&H) market experienced a decline in deal activity, totaling 95 transactions, compared to the 113 announced in 2022. The deals were evenly distributed throughout the year, with 47 deals announced in the first half of 2023, and 48 deals announced in the second half. However, the larger transactions were announced at the start of the year, with approximately $4.7 billion in announced spending during the first half, and only $32 million announced during the second half, when there were much smaller deals and only one disclosed price. While large buyers dominated the start of the year, smaller buyers took the lead in the latter half. Here are the top... Read More »Schedule a demo
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