Texas-based Choice Health at Home LLC has inked a deal to acquire Lumicare Hospice, growing its presence in two current markets while establishing services in a new state. Financial terms of the deal were not disclosed. Lumicare Hospice has locations in Texas and Arizona, two states in Choice’s existing service region. The hospice also has […]
Pennant Group reorganizes its executive team The Pennant Group, Inc. (NASDAQ: PNTG) recently began the hunt to fill CFO and chief investment officer roles. This follows the recent announcement that Derek Bunker has resigned as Pennant’s chief investment officer, executive vice president and corporate secretary, effective Dec. 31, 2022. “On behalf of the Pennant team, […]
Texas-based Choice Health at Home’s recent purchase of Instant Care of Arizona is bursting with long-term growth potential. The deal marked Choice’s first steps into the Arizona market and made the company a stronger player in the private duty and personal care arenas. The state’s payment landscape and demographic trends drew Choice’s eye to the […]
Texas-headquartered Choice Health at Home has entered the personal care space with the acquisition of Instant Care of Arizona for an undisclosed sum. The transaction also gives Choice its first foothold in the Grand Canyon State. Established in 2003, Instant Care of Arizona provides in-home senior care and caregiving support to patients and their families […]
Texas-headquartered Choice Health at Home has closed a $190 million credit facility led by Oxford Finance, a global specialty financial firm focused on life sciences and health care investments. In conjunction with this infusion of capital, Choice has purchased Kindful Hospice and Amed Home. Financial terms were undisclosed. AllianceBernstein and Maranon Capital served as co-syndication […]
Favorable demographics and rising demand are attracting a range of investors to the hospice space, with private equity leading the way in terms of deal volume. However, the fee-for-service payment model within the Medicare Hospice Benefit is also a key driver of buyers’ interest. Value-based payment programs have opened up to hospices in 2021. This […]
Private equity firm Trive Capital has joined with Coltala Holdings to back the Tyler, Texas-based senior care provider Choice Health at Home. The dollar amount of Trive’s investment is undisclosed, but the hospice, home health and rehabilitation services provider will draw on the funds to fuel further acquisitions. Trive made its initial investment in Choice […]
Choice Health at Home has purchased Alpha Home Health and Hospice in Oklahoma for a confidential sum. This marks the company’s third 2021 acquisition in that state. Earlier this month the private equity firm Coltala Holdings purchased a stake in Choice, and that investment is spurring the company’s growth strategy of regional expansion throughout the […]
As private equity interest in the hospice market continues to heat up, provider Choice Health at Home is leveraging its relationship with PE firm Coltala Holdings to pursue multi-state expansion. The company recently completed three acquisitions and expanded in Louisiana, Oklahoma and Texas as they work to extend their footprint across the South. Fueling much […]
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