Hospice, home health and senior living company The Pennant Group, Inc. (NASDAQ: PNTG), has acquired the assets of two hospice providers, sold by Signature Health Care at Home, each with multiple locations throughout southeastern Idaho and northern Utah. The company also purchased two home health agencies serving those regions. Financial terms of the transactions were […]
AngMar Medical Holdings, Inc. has acquired two hospice providers in Texas, Graham Regional Hospice and Reliable Hospice. The hospices were purchased for an undisclosed sum. These acquisitions mark the second and third hospice transactions completed by AngMar since October 2019. The company entered the hospice market with its October purchase of an unnamed company that […]
Maryland-based Hospice of the Chesapeake has signed a letter of intent to acquire the Hospice of Charles County. Financial terms of the transaction are yet to be determined pending a 30-to-60 day conditional discovery period. When the deal is executed, it will expand Hospice of the Chesapeake’s geographic footprint to three counties in the organization’s […]
While private equity interest in the hospice space remains hot, some players have abandoned or postponed plans to bring their holdings to the acquisitions market during the COVID-19 pandemic. While many expect the market to rebound by the third or fourth quarter of the year, nothing is certain as COVID cases continue to spike throughout […]
Caring Brands International (CBI) has acquired Bluebird Care Master, a home care, hospice and personal care franchise company located in the Republic of Ireland. CBI is a portfolio company of Levine Leichtman Capital Partners (LLCP). Financial terms of the deal were not disclosed. The transaction gives CBI franchising rights throughout Ireland under the Bluebird Care […]
Hospice and home health provider Traditions Health, LLC has acquired Tomball, Texas-based Hospice with Grace, expanding the company’s footprint in the Houston region. Financial terms of the transaction were not disclosed. Traditions is a portfolio company of family-owned investment firm Dorilton Capital Advisors that operates in Texas, California and Arizona. The hospice provider has been on […]
Amedisys, Inc. (NASDAQ:AMED) has completed its acquisition of Homecare Preferred Choice, Inc., doing business as AseraCare Hospice. Amedisys acquired 100% ownership of AseraCare for a cash price of $235 million. AseraCare operates 44 hospice locations throughout 14 states with an average daily census that exceeds 2,100. The company generates $117 million in revenue annually. With […]
The hospice mergers and acquisitions market continued to be robust early in the first quarter of 2020 but took a sharp dive as companies shifted their attention towards responding to the COVID-19 pandemic and its economic fallout. A number of transactions, large and small, have occurred in May, which could signal a resurgence. The outlook […]
A Charleston, S.C.-based location of national aging services company Senior Helpers has acquired hospice provider Lowcountry Companions, also located in South Carolina. Financial terms of the deal were not disclosed. Senior Helpers, parent company to the Charleston location, is a portfolio company of Altaris Capital, a private equity firm which purchased the senior services company […]
The Pennant Group, Inc. (NASDAQ: PNTG) has acquired Prime Hospice, located near Phoenix, and Harmony Hospice of Arizona in the northwestern region of that state. Financial terms for the transactions have not been disclosed. The company expects to complete a third acquisition in a matter of days, also in the Southwest. Pennant, which owns and […]