MECHANICSBURG, Pennsylvania—Residential Home Health, an affiliate of Graham Healthcare Group, announced the acquisition of Covenant Home Health of Havertown, a home health provider serving Bucks, Chester, Dauphin, Delaware, Lancaster, Lebanon, Montgomery, Philadelphia, and York counties. The combination strengthens Residential’s presence in Eastern Pennsylvania, extending its reach into Philadelphia and Delaware counties in Pennsylvania.
“Covenant’s strong local relationships and skilled clinical teams strengthen our foundation in southeastern Pennsylvania,” said Dee Grein, CEO, Graham Healthcare Group. “By combining our resources and expertise, we are positioned to expand our services across the region, bringing high-quality nursing and therapy services to more patients while preserving the personalized care both organizations are known for.”
As the health care landscape continues to evolve, Residential said it remains focused on delivering measurable outcomes, strengthening community partnerships and ensuring patients receive exceptional care from clinicians they know and trust. Residential said it plans to retain Covenant’s employees and aims to have a seamless transition for patients, families, referral partners and staff. Current patients will experience no interruption in services.
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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