Sen. Elizabeth Warren (D-Massachusetts) and Rep. Pramila Jayapal (D-Washington) have called on the U.S. Justice Department (DOJ) and the Federal Trade Commission (FTC) to “scrutinize” the pending acquisition of Amedisys (NASDAQ: AMED) by Optum Health. Optum, a subsidiary of UnitedHealth Group (NYSE: UHN), in June penned its agreement to acquire Amedisys in an all-cash transaction […]
By the Bay Health and Mission Hospice & Home Care recently signed a letter of intent to merge the two California-organizations. Joining forces under one umbrella is a move to beef up their combined presence in an increasingly competitive hospice market, improve access to care and improve quality, according to spokespeople for By The Bay […]
Medicare Advantage organization SCAN Group has invested an undisclosed dollar amount in tech-enabled hospice startup Guaranteed. The move comes nearly a year after California-based Guaranteed launched in August 2022, when founder and CEO Jessica McGlory began her own provider company two years after her father passed away. SCAN Group, parent company of SCAN Health Plan, […]
The nonprofit post-acute care providers Empath Health and Trustbridge have signed a memorandum of understanding to begin an affiliation between the two organizations. Discussions of a potential affiliation began about a year ago, according to Empath Health CEO Jonathan Fleece. The organizations had a prior connection through the Florida Hospice and Palliative Care Association, as […]
Shareholders of Amedisys Inc. (NASDAQ: AMED) have voted in favor of the company’s pending acquisition by the UnitedHealth Group (NYSE: UNH) subsidiary Optum. Optum in June penned a deal to acquire Amedisys in an all-cash transaction of $101 per share, or about $3.3 billion. The transaction followed a previous offer to acquire Amedisys by the […]
WTWH Media, LLC has acquired two digital publications from 1105 Media, Inc. — HME Business and Mobility Management. Financial terms were undisclosed. The two media properties are focused on the home medical equipment industry and mobility professionals, including rehabilitation suppliers and clinicians. WTWH is a portfolio company of the Colorado-based private equity firm Mountaingate Capital […]
The Pennant Group, Inc. (NASDAQ: PNTG) has acquired Arizona-based Valor HospiceCare. Financial terms were undisclosed. The Idaho-headquartered home health, hospice and senior living company has been building out its acquisition pipeline, executives indicated in earnings calls. Interest in hospice deals is rising as record-high valuations begin to come down, according to Pennant President and COO […]
Thus far in 2023, hospice merger and acquisition activity has deviated from prior years. This year is distinctive because of factors such as valuations, asset sizes and the mix of buyers. A number of trends have shifted. The last five years saw record-breaking multiples in the hospice space and private equity-backed platform deals were among […]
The health care technology company WellSky has acquired the post-acute care software firm Experience Care. Financial terms were not disclosed. Experience Care has developed an electronic health record (EHR) platform and financial solution designed for long-term care facilities. The system can also help long term care operators ensure that residents receive appropriate care at the […]
The U.S. Department of Justice (DOJ) will investigate potential antitrust violations in the UnitedHealth Group (NYSE: UNH) subsidiary Optum’s forthcoming acquisition of Amedisys, Inc. (NASDAQ: AMED). To date, neither Amedisys nor Optum have been accused of any wrongdoing. The DOJ performed a similar investigation when Optum acquired the health care technology company Change Healthcare earlier this […]
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