DFW Home Health Adds Fourth Home Health Agency
DFW Home Health, a Dallas-based home health provider jointly owned by LHC Group (NASDAQ: LHCG), Texas Health Resources and Methodist Health System, acquired Healthcare Resources, a home health provider serving patients and families in Arlington, Texas. Healthcare Resources offers skilled nursing, physical therapy, occupational therapy, speech therapy, medical social services, home health aides and other specialty services. Its name will be changed to DFW Home Health Arlington. This deal marks the expansion of DFW Home Health’s footprint to four locations across the Dallas-Fort Worth MSA, including in Dallas, Fort Worth and Denton, Texas. DFW provides in-home healthcare services for 25... Read More »
LHC Group and LifePoint Health JV Strike Again
After a quiet year on the acquisition front, LHC Group (NASDAQ: LHCG) and LifePoint Health have expanded their joint venture (JV) into three new states. The purchase includes CMH Home Health Care in Wilmington, Ohio, Casa de la Paz Hospice in Sierra Vista, Arizona, and St. Joseph Family Hospice in Lewiston, Idaho. LHC Group will assume management responsibility for the agencies, which will continue to operate from their current locations and under the same names. LHC expects approximately $3.6 million in annualized revenue from this expansion and anticipates that it will not materially affect its 2019 diluted earnings per share. LHC Group and LifePoint Health formed the partnership to... Read More »
Home Health & Hospice Sector Deals Dipped in Q3:19
Deal volume in the home health and hospice sector dipped slightly in the third quarter of 2019, down 23% with 20 publicly announced transactions, compared with 26 acquisitions in the second quarter, according to data from HealthCareMandA.com. Compared with the third quarter of 2018, home health and hospice M&A activity decreased by 20%, when 25 acquisitions were announced. Six of the transactions disclosed prices in the third quarter of 2019, for a combined total of nearly $1.2 billion. In the same quarter of 2018, the total dollar value based on disclosed prices was just $7.2 million. Of the 20 transactions announced in the third quarter, 35% were announced by private equity firms or... Read More »
Three Oaks Hospice Hits The Ground Running
Three Oaks Hospice, a portfolio company of Health Velocity Capital, was just launched in May 2019, but the company is wasting no time to expand. This week the company bought three hospices in Texas, Total Hospice & Palliative Care in Richardson; ABS Palliative in Carrollton; and Hospice Care and Fellowship Hospice in San Antonio. The acquisitions give it a presence in Dallas, Fort Worth, and San Antonio, providing more than 84,000 days of care annually. The deal also increases its referral network to more than 200 sources. To fuel future growth, Three Oaks has received more than $21 million from Granite Growth, Health Velocity Capital and Petra Capital. It’s been a slow month in... Read More »Schedule a demo
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