Baton Rouge, Louisiana-based Superior Health Holdings has acquired Pulse Home Health & Hospice, which is based in its home state, for an undisclosed amount.
The transaction is aimed at improving care coordination and access, as well as strengthening referral relationships, Superior Health CEO David Martin said in a press release on Wednesday.
Pulse’s quality and clinical excellence were main factors that fueled the acquisition, Martin indicated.
“Pulse has built a strong reputation for delivering exceptional clinical care with empathy and integrity,” Martin said. “By welcoming Pulse into the Superior family, we’re expanding access to high-quality home health and hospice services while continuing our mission of providing patient- and family-centered care across Louisiana. We’re excited to build on Pulse’s legacy and invest in its team and communities.”
Superior is a portfolio company of the private equity firm Renovus Capital Partners. Founded in 2010, the firm predominantly manages lower and middle-market transactions in business sectors such as health care, technology services and workforce education and development, among others.
Through Superior Home Health Care Inc., the company also provides home health, home-based skilled nursing care and therapeutic services. Established in 1991, the home health provider provides care across a large portion of southern Lousianna.
The Pulse transaction marks Superior’s second acquisition thus far this year. The company picked up the Louisiana Bayou county locations of Hope Healthcare and its affiliate Hospice BC LLC in January.
Pulse offers hospice, home health and skilled nursing care, as well as social and therapy services. The family-owned hospice provides services across the north shore and southeastern regions of Louisiana.
Three major factors influenced the decision to join forces with Superior, according to Pulse CEO Brent Robertson. The acquisition could help to improve operational infrastructure and resources, support growth and advance quality initiatives, he indicated in a press release. Additional key focuses included strengthening clinical excellence and building upon existing community relationships.
“We’re incredibly proud of the trust we’ve earned from patients, families and referral partners,” Robertson said. “Joining Superior allows us to continue delivering the same compassionate care our community depends on – while gaining additional resources and support to expand our impact and enhance services for those we serve.”
The M&A market for healthcare companies continues to build on STRATEGIC opportunities and a fragmented market. Consolidations along with unprecedented demand are driving scale across the continuum of care. The strategic corporate buyers and private equity investors remain committed to acquiring strong businesses that are well prepared for a transaction. Across the continuum of care, these buyers and investors are looking for well established, profitable businesses and offering prime valuations and options for management.
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