Residential Home Health and Hospice has acquired Covenant Home Health in Pennsylvania for a confidential amount.
Covenant provides home health, private duty and supportive services throughout nine counties in its home state. The transaction will bring Residential’s footprint to two new counties and add density in seven others. Residential as an affiliate of Graham Healthcare Group, a subsidiary of Graham Holding Company (NYSE: GHC), formerly known as The Washington Post Company.
“Covenant’s strong local relationships and skilled clinical teams strengthen our foundation in southeastern Pennsylvania,” Dee Grein, CEO of Graham Healthcare Group, said in a statement. “By combining our resources and expertise, we are positioned to expand our services across the region, bringing high-quality nursing and therapy services to more patients while preserving the personalized care that both organizations are known for.”
Residential provides skilled home health, palliative and hospice care in communities across Florida, Illinois, Kansas, Michigan, Missouri, Ohio and Pennsylvania.
The company maintains a number of partnerships with health systems and senior living operators. Most recently, Residential expanded its agreement with Tutera Senior Living & Health Care to offer hospice in Kansas City, Missouri.
Residential’s most recent prior acquisition was of Safe Haven Hospice in Illinois. Financial terms of that transaction were undisclosed.
Seniors age 65 and older represent a little more than 20% of Pennsylvania’s population, according to the U.S. Census Bureau. Hospice utilization in the state hovered around national averages in 2024 at 50%, the National Alliance for Care at Home reported.
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