Active Day Acquires Home Care Providers in South Carolina
Active Day announced that it has acquired two home care services providers in South Carolina. The company has acquired AllCaregivers, Inc. and New Generations Home Care of Florence, Inc. AllCaregivers has been providing home care throughout South Carolina since 1986. Its community-based caregivers specialize in providing families with many types of affordable assistance, including activities of daily living and skilled nursing. New Generations Home Care of Florence, Inc. is a home care provider in the Florence, South Carolina area. The company was founded in 2020. Active Day (fka Active Day/Senior Care Centers of America), a portfolio company of Audax Private Equity since 2015, provides... Read More »
Peak Rock Capital Buys BrightStar Care in Illinois
An affiliate of Peak Rock Capital announced that it has completed the acquisition of Gurnee, Illinois-based BrightStar Care. The deal was completed in partnership with BrightStar Care’s founder, Shelly Sun Berkowitz. BrightStar Group Holdings, Inc., doing business as BrightStar Care, is a leading franchisor of home care services with more than 400 agencies nationwide. The company’s franchises provide both skilled and unskilled home care to clients and custom medical staffing solutions to corporate partners. The company was founded in 2002. Peak Rock Capital is a middle‐market private equity firm that makes equity and debt investments in companies in North America and Europe.... Read More »
Addus 2024 Earnings: Growth Stumbles Amid Debt and Integration Woes
On February 24, 2025, Addus HomeCare Corporation, a leading provider of home-based personal care, nursing and rehabilitative therapy services, released its financial results for the fourth quarter and full year (FY) ended December 31, 2024, after the market close. The results? Not terrible, but don’t break out the champagne either. Addus Q4 and FY 2024 Financial Snapshot: Metric Q4 2024 Q4 2023 FY 2024 FY 2023 Revenue $297.1 million $276.4 million $1.15 billion $1.06 billion Net Income $19.5 million $19.6 million $73.6 million $62.5 million Net Income per Diluted... Read More »
Gracepoint Home Care Acquires Assets of Touching Hearts Senior Care
Gracepoint Home Care announced on February 24 that it entered into an agreement to acquire all assets of Touching Hearts Senior Care. Touching Hearts Senior Care is a home health and hospice company based in Minneapolis, Minnesota. Touching Hearts Senior Care, owned by Gina Germany since 2007, has a reputation for providing comprehensive care services tailored to the needs of seniors. Gracepoint Home Care is an in-home care agency based out of Mobile, Alabama. It has additional locations in Foley, Alabama and Biloxi, Mississippi. In addition to providing home care for patients, Gracepoint also provides staffing for many of the area’s nursing homes and assisted living... Read More »
