Home Health

Companies in the Home Care (home healthcare) sector primarily provide services directly to patients in their home. These services may be medical or nonmedical and include skilled nursing care, personal care, homemaker and companion services, physical therapy and medical social services. This sector often also includes in-home hospice care providers.

These Hospice programs offer symptom relief and pain management care (in terms of comfort rather than cure) for patients with life-terminating illnesses in the comfort of their own home.

The Home Care (Home Healthcare)  and Hospice sector is a highly fragmented industry with many small players offering a wide variety of home care services to an aging population. Relatively low barriers to entry and increasing demand for services has kept the industry competitive. Larger industry operators do exist, but the nature of industry services provides few incentives to accomplish economies of scale. Nonetheless, relatively low profit that is generated from serving well-established industry markets has encouraged operators to undertake mergers and acquisitions to boost profit and cut costs.

M&A Transaction Activity

Below are M&A transaction activities which has been compiled from our work with businesses within this sector and our independent research in publicly available information.  For additional information, please contact us here.

 

Merger and Acquisition Transactions

Amedisys and Optum to Combine

BATON ROUGE, La., June 26, 2023 (GLOBE NEWSWIRE) — Amedisys (NASDAQ: AMED), a leading provider of home health, hospice and high-acuity care, and Optum, a diversified health services company, have…
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Addus Announces Sale Of Its Personal Care Business In New York

Addus HomeCare Corporation (Nasdaq: ADUS) is selling its New York personal care business, along with its fiscal intermediary services for the state’s consumer-directed care program. The company announced Tuesday that…
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Western Drug Medical acquired by SG Homecare

SG Homecare, a provider of HME and supplies, has acquired Western Drug Medical Supply, creating a platform to scale in Southern California. The combined entity has more than $150 million…
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Frontpoint Health Acquires High Plains Senior Care

DALLAS–(BUSINESS WIRE)–Frontpoint Health (“Frontpoint”), a portfolio company of Cimarron Healthcare Capital and Tacoma Holdings, announced that it has completed its acquisition of High Plains Senior Care Group (“HPSC”), a large…
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PurposeCare Acquires 3 Home-Based Care Agencies

The home-based care provider PurposeCare is expanding again. This time, it’s doing so through the acquisitions of three Midwestern home-based care agencies.  Specifically, the Chicago-based PurposeCare is acquiring Scott’s Home Healthcare…
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Nightingale Services, Infusion, and Pharmacy

Nightingale Services, Infusion, and Pharmacy (“Nightingale”) has partnered with Honor Health Network, a portfolio company of Webster Equity Partners. Nightingale is a leading provider of home care services in Georgia,…
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Intermountain Health acquires Advent Home Health

Intermountain Health’s acquisition of Advent Home Health, a leading home health agency in southern Nevada, has been finalized and Advent Home Health is now officially part of Intermountain. “The addition…
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Havencrest Announces Formation of Non-Medical Home Care Platform

DALLAS, Aug. 10, 2023 /PRNewswire/ — Havencrest Capital Management (“Havencrest”), a Dallas-based healthcare private equity firm, is pleased to announce the formation of its non-medical home care platform, Avid Health…
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