Care Advantage Expands in Virginia with Nova Home Health Care

Care Advantage Expands in Virginia with Nova Home Health Care

Care Advantage announced this week that it has acquired Nova Home Health Care. The acquisition expands Care Advantage’s Northern Virginia footprint — a market that CEO Tim Hanold believes is an important one for current and future growth.  Based in Fairfax, Virginia, Nova Home Health Care is a Medicare and Medicaid certified, locally owned and operated home health care agency.  Care Advantage, a portfolio company of private equity firm Searchlight Capital Partners since 2021, is one of the largest privately held home healthcare providers in Virginia. It provides private duty nursing and personal care services. The company is Medicare certified.  “Northern Virginia is one of the... Read More »
Home Health & Hospice Is Primed for Consolidation

Home Health & Hospice Is Primed for Consolidation

The Home Health & Hospice sector is far less fragmented than it was just five years ago. The sector has seen a lot of activity, thanks to the push by payors to move patients towards lower-cost post-acute care settings. That has attracted a lot of investor interest in recent years, and 2018 proved to be a watershed moment as the large-market private equity firms moved in to acquire or build national platforms. Deals by publicly traded companies have changed the sector in significant ways, too. Some merged, such as LHC Group (NASDAQ: LHCG) and Almost Family, Inc. have morphed to focus more on home health than other services, such as Encompass Health Corp. (NYSE: EHC), formerly known as... Read More »