Accelera Innovations, Inc. signed an agreement to acquire Traditions Home Care Inc. (“Traditions Home Care”) for a price of $6,000,000. Traditions Home Care is engaged in the business of providing home health care services, offering Skilled Nursing, Certified Home Health Aides, Physical and Occupational therapists. Traditions Home Care achieved revenues of approximately $6,300,000 in 2013 and is expected to generate future annual revenue increases as they are introduced into the Accelera family. We believe the agreement reflects a favorable valuation and creates a geographical footprint in the state of Oklahoma. “The acquisition of Traditions Home Care will extend our services outside of Illinois. We plan to provide access to community services and grow the medical-related resources in Oklahoma,” said Geoff Thompson, Accelera’s Chairman. Accelera plans to integrate the acquired assets into its existing platform and offer patients a way to self-monitor and track common ailments and conditions, and in turn share that data with their primary care physician to facilitate ongoing communications around condition management, both online, and in-person. Both patients and physicians will access the communication and self-tracking features via a shared permission-based and opt-in environment
Market Pulse transactions shown herein are provided as a matter of public record. These transactions have been compiled from press releases, corporate announcements and other public sources to provide an overview of acquisition and merger activities within the healthcare and life sciences sectors.


