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Foundation Health LLC’s Hospice Presence in Alaska

Foundation Health LLC’s Hospice Presence in Alaska

By LevinPro HC Foundation Health Llc has established itself as a key player in Alaska’s healthcare landscape, particularly within the hospice sector. The organization fully affiliates with four facilities in the state, according to the latest data from CMS, demonstrating full ownership of these facilities. Despite its name indicating a focus on hospice care, Foundation Health diversifies its operations across multiple sectors, with each hospital, home health, skilled nursing facility and hospice under its umbrella. This portfolio includes one hospice facility, contributing to its comprehensive healthcare services in Alaska. In comparison, several other owners, such as Deerfield... Read More »
Hims & Hers Health Acquires Trybe Labs 

Hims & Hers Health Acquires Trybe Labs 

Hims & Hers Health, based in San Francisco, California, announced that it acquired Trybe Labs. The financial terms were not disclosed.  Trybe Labs, marketed as Sigmund NJ LLC, is an at-home lab testing facility. Its diagnostic testing abilities include a blood lancet, which is a less invasive alternative to traditional needles or dried blood spot cards. The technology allows customers to gain insights into their hormone levels, cardiac risk, stress markers, cholesterol, liver function, thyroid function and prostate health.  Hims & Hers is a multi-specialty telehealth platform that was founded in 2017. Hims & Hers provides personalized healthcare solutions by... Read More »
Addus 2024 Earnings: Growth Stumbles Amid Debt and Integration Woes

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 »

Adoration Home Health Care Maintains Full Ownership of DC Facility

By LevinPro HC Ownership and Facility Distribution in Washington, D.C. Adoration Home Health Care D.C. Holdings LLC maintains 100% ownership of its single healthcare facility in Washington, D.C., as of the latest CMS upload in January 2025. This facility solely provides home health services in the state. State and Sector Comparisons Current CMS data does not list other top competitors or owners within this sector and state, highlighting a potential area of less competition or diversified ownership models not captured in the current dataset. Market Implications The data indicates a streamlined operational approach by Adoration Home Health Care D.C. Holdings with a clear emphasis on complete... Read More »
Providence Health & Services – Washington Leads with Broad Facility Network in Western U.S.

Providence Health & Services – Washington Leads with Broad Facility Network in Western U.S.

By LevinPro HC Providence Health & Services – Washington Leads with Broad Facility Network in Western U.S. Providence Health & Services – Washington, a key player in the Home Health sector, has established a significant footprint across the Western United States. According to the most recent CMS data, the organization holds full ownership of 43 facilities, contributing to a total of 151 facilities affiliated with the group. State and Sector Breakdown The company’s largest concentration of facilities is in California with 48 facilities, followed by Washington at 41 and 24 in Oregon. Notably, the Home Health sector comprises 18 of the company’s facilities,... Read More »
Wells Fargo Bank Leads Home Health Sector in Texas with Significant Facility Affiliation

Wells Fargo Bank Leads Home Health Sector in Texas with Significant Facility Affiliation

By LevinPro HC Ownership Breakdown Highlights Partial Affiliations Wells Fargo Bank, National Association, primarily operating in the Home Health sector, shows a diversified portfolio with 321 facilities under varied ownership levels, as per the latest CMS data. Of these, it has full ownership of 193 facilities. There are six facilities where its ownership ranges between 50% and 100%, and 52 facilities where ownership ranges between 5% to 50%. Facility Distribution Across States The organization affiliates with a considerable number of facilities spread across 41 states, with Texas housing the most (82). Alaska affiliates with two facilities, reflecting a wide-spread geographic presence in... Read More »
Gracepoint Home Care Acquires Assets of Touching Hearts Senior Care 

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 »
Kelso Pharma Acquires Alturix Holdings 

Kelso Pharma Acquires Alturix Holdings 

On February 20, Kelso Pharma announced that it entered into an agreement to acquire Alturix Holdings for an undisclosed price.  Alturix Holdings is a pharmaceutical manufacturing company based in Milton Keynes, England. In 2020, Alturix was formed following the acquisition of two family-owned pharmaceutical businesses: HK Pharma and Atlantic Pharma.  Kelso Pharma is committed to bringing specialty medicines to the European healthcare markets. Kelso Pharma is backed by the healthcare specialist private equity investor Apposite Capital.  This is Kelso Pharma’s third acquisition and its first in 2025. In November 2023, it purchased Velit Biopharma, a biotechnology company and... Read More »
Gate Neurosciences Acquires Boost Neuroscience 

Gate Neurosciences Acquires Boost Neuroscience 

Gate Neurosciences announced on February 18 that it acquired Boost Neuroscience for an undisclosed price. The seller was Catalio Capital Management, an investment management firm based in New York City.  Boost Neuroscience is a “stealth” biotechnology company focused on the discovery and development of novel synaptogenic targets and therapies. It was spun out of the Stanford University lab of Dr. Thomas Südhof, MD. The company, while owned by Catalio Capital Management, developed a proprietary platform that models neuronal network circuits using human iPSC cells to gain unparalleled insights into how molecules impact neuronal networks, synaptogenesis, synaptic function and... Read More »
Eye Health America Acquires Quigley Eye Specialists 

Eye Health America Acquires Quigley Eye Specialists 

Eye Health America (EHA), a portfolio company of LLR Partners, announced on February 17 that it acquired Quigley Eye Specialists in Fort Myers, Florida.  Quigley Eye Specialists provides a full range of ophthalmology and optometry services across southwest Florida. The practice was founded in 1988 and has 10 locations across the state. According to its website, there are 20 physicians on staff.  EHA is an eye care practice management company. Its member practices offer eye exams, contact lenses and glasses, medical ophthalmology and surgery. Eye Health America has 96 physicians across 53 locations, 10 ambulatory surgical centers and more than 1,200 employees in South Carolina,... Read More »