BrightSpring Moves Into Hospice Space with Abode Healthcare Acquisition

BrightSpring Health Services has purchased Abode Healthcare from Summit Partners with a reported valuation of $775 million, PE Hub reported. The transaction is projected to bring the combined company roughly $6 billion in annual revenue. Louisville, -based BrightSpring’s total value currently rests at approximately $10 billion. Brightspring is a portfolio company of the global investment […]

Perfect Health, Concerto Merge, Offer Palliative Care

Senior care provider Perfect Health is merging with home care company ConcertoHealth. The combined operation, branded as ConcertoCare, is backed by the private equity firm Deerfield Management Co., and will offer community-based palliative care in addition to a range of other services.  ConcertoCare is a tech-enabled, risk-based integrated care company that provides palliative care, home-based […]

Webster Gets Ball Rolling on Bristol Hospice Sale

Private equity firm Webster Equity Partners has officially launched the sale process of its Bristol Hospice asset, according to PE Hub. Bristol is one of the last private equity-backed hospice companies of scale that is likely to come to market in the near future. Bristol is a large multi-regional player that has grown seven times […]

Private Equity Bullish on Hospice in 2021

The hospice and home health sectors saw strong consolidation activity at the end of 2020, according to a fourth quarter report from Provident Healthcare Partners. The report indicated that increased private equity transactions and an influx of new deals during 2021 will be attracting interest and driving heightened valuations in a growing hospice market. Private […]

[UPDATED]Charter Health Group Acquires Serene Hospice Care, Physmed

Private-equity backed hospice and home health provider Charter Heath Group has acquired Serene Care Hospice in Omaha, Neb., for an undisclosed sum. The company also purchased Omaha-based home health company Physmed from the same owner. Charter is a portfolio company of Pharos Capital Group, based in Dallas and Nashville. Charter providers a range of senior […]

[UPDATED] Caring Brands International Purchases Interim HealthCare of San Diego

Caring Brands International subsidiary Interim HealthCare has purchased one of its franchise locations from its owner. The company also bolstered its international presence with home health acquisitions in Australia and Ireland. The company’s acquisition of its California-based Interim HealthCare of San Diego was prompted by the former owner’s retirement. The San Diego operations will continue […]

[UPDATED] AngMar Acquires Three Hospices, Launches De Novo

AngMar Medical Holdings is expanding its Angels Care Hospice brand with the acquisition of three unnamed hospice provider with locations in Texas and Nebraska for an undisclosed amount. The company has also opened a de novo location in Prescott, Ariz. Historically a home health provider, AngMar entered the hospice market in Oct. 2019 with the […]

LeadingAge Expands Hospice Reach with VNAA, ElevatingHome Affiliation

Senior care association LeadingAge has completed its affiliation with the Visiting Nurse Associations of America (VNAA) and its offshoot organization, ElevatingHOME. This move expands LeadingAge’s reach into the home health and hospice sectors. The groups announced their intent to merge in Feb 2019. In the interim the organizations have undergone a transition period in which […]