The UnitedHealth Group (NYSE: UNH) subsidiary Optum closed its $5.4 billion deal today to acquire LHC Group (NASDAQ: LHCG). LHC Group this morning notified the U.S. Securities and Exchange Commission (SEC) that the deal had been completed and that it would no longer be trading on the NASDAQ. Optum first announced its agreement to purchase […]
Though investors and strategic buyers didn’t wade quite as deep into the hospice market in 2022 compared to years prior, the tide may be rising for M&A during 2023. Though hospice M&A activity fluctuated last year, volume is expected to rebound, but probably with larger numbers of smaller deals. Swelling demand for hospice and home […]
Eden Health recently announced plans to acquire Washington state-based Community Home Health & Hospice’s (CHHH) outpatient programs. Financial terms of the transaction were undisclosed. Eden Health will take over Community’s outpatient in-home health and hospice services effective May 1, 2023. The deal expands Eden Health’s home health and hospice footprint in Washington, one of eight […]
The electronic medical record (EMR) company Careficient Inc., has acquired Net Health’s home health, hospice, home care and palliative business, as well as its revenue cycle monitoring (RCM) products. Net Health, an EMR and analytics firm, divested its HealthWyse, Hospicesoft and RCM division to refocus on its core rehab therapy and wound care lines, the […]
Though buyers remain hungry for hospice acquisitions, smaller deals will likely be the most prevalent during 2023. Acquisition patterns established in 2021 and 2022 are shaping the M&A outlook for the current year. The number of hospice and home health deals fell by nearly a third last year, though a few “megadeals” have driven up […]
Illinois-headquartered Unity Hospice & Palliative Care has expanded to Houston, Texas, following its acquisition of an existing license in that market. Unity is a family-owned provider established in 1992 that since then has cared for more than 30,000 patients, the company reported. This transaction marks the company’s first entry into Texas. Unity also has locations […]
Chapters Health System and Capital Caring Health have signed a letter of intent to affiliate. The agreement is expected to close in early 2023. This marks the third affiliation that Chapters announced or completed during 2022, following Cornerstone Hospice & Palliative Care early in the year and Hope Healthcare just last week. “In the past […]
Florida-based Hope Healthcare has affiliated with Chapters Health System, a nonprofit provider of hospice, palliative care and home health, among other services. Combined with its affiliates, Chapters Health is the largest nonprofit hospice provider in the nation and the sixth overall. Its staff of 3,330 and more than 2,430 volunteers care for more than 72,000 […]
SCAN Group and CareOregon have agreed to join forces in 2023 as a new organization called HealthRight Group. The new nonprofit will combine SCAN’s Medicare portfolio with CareOregon’s predominantly Medicaid health plans. Post-closing, HealthRight will launch a diversified business unit that integrates existing assets from both organizations, with a heavy emphasis on home-based care for […]
The Care Team (TCT) recently acquired Indiana-based 1st Care Home Health Services, marking the company’s entry into that state and another step along its growth trajectory. Financial terms of the deal were undisclosed. Winston & Strawn LLP acted as legal counsel to The Care Team, which provides home health and hospice in Michigan, Massachusetts, Pennsylvania, […]
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