Literature Review
All posts tagged with “Mergers & Acquisition News.”
Lutheran Senior Services/Diakon agreement forms one of largest US nonprofit LTC organizations
04/04/24 at 03:00 AMLutheran Senior Services/Diakon agreement forms one of largest US nonprofit LTC organizations McKnights Senior Living, by Kathleen Steele Gaivin; 3/29/24 Diakon Senior Living operations and its four continuing care retirement / life plan communities will become part of Lutheran Senior Services under an agreement ... that the organizations say will create one of the largest nonprofit senior living and care organizations in the country. The transaction is pending regulatory approvals and is expected to close this summer.
After Empath Health, Trustbridge complete affiliation, ‘Home Health is high on priority list’
04/03/24 at 03:00 AMAfter Empath Health, Trustbridge complete affiliation, ‘Home Health is high on priority list’ Home Health Care News, by Andrew Donlan; 4/1/24 Last September, the post-acute providers Empath Health and Trustbridge signed a memorandum of understanding to begin an affiliation process. On Monday, that affiliation process was completed, forming the largest nonprofit post-acute provider organization in the state of Florida. Together, the organization will care for 5,000 patients daily and employ more than 5,000 staff members and 3,000 volunteers.
FTC continues to challenge $320M Novant, CHS deal
04/03/24 at 03:00 AMFTC continues to challenge $320M Novant, CHS deal Becker's Hospital Review; by Naomi Diaz; 3/29/24The Federal Trade Commission filed court documents on March 25 seeking a preliminary injunction to bar Winston-Salem, NC-based Novant Health from its $320 million acquisition of two North Carolina hospitals from Franklin, TN-based Community Health Systems. According to court documents filed in the U.S. District Court for the Western District of North Carolina, the FTC alleged that Novant Health's proposed acquisition ... would "irreversibly consolidate the market for hospital services in the Eastern Lake Norman Area in the northern suburbs of Charlotte."
UCI Health completes acquisition of 4 Tenet hospitals
04/02/24 at 03:00 AMUCI Health completes acquisition of 4 Tenet hospitals Becker's Hospital Review, by Naomi Diaz; 3/27/24 Orange, CA-based UCI Health has completed its acquisition of Tenet Healthcare's Pacific Coast Network, which includes four hospitals in Southern California and their associated outpatient locations. As part of the agreement, Dallas-based Tenet's medical centers — Fountain Valley Regional Hospital, Lakewood Regional Medical Center, Los Alamitos Medical Center and Placentia-Linda Hospital — will now be part of UCI Health, according to a March 26 news release from UCI Health. The hospitals were sold for $975 million.
$45B worth of physician group acquisitions since 2019
04/01/24 at 03:00 AM$45B worth of physician group acquisitions since 2019 Becker's ASC Review, by Paige Haeffele; 3/28/24 Here are 10 of the biggest-budget acquisitions of physician groups, totaling approximately $45.3 billion, as reported by Becker's since 2019: ...
Steward to sell 'highly desired' physician group to Optum
03/29/24 at 03:00 AMSteward to sell 'highly desired' physician group to Optum Becker's Hospital CFO Report, by Alan Condon; 3/27/24 Dallas-based Steward Health Care plans to sell its physician group to UnitedHealth Group's subsidiary Optum, The Boston Globe reported March 26. The proposed sale of Stewardship Health is part of the 33-hospital system's plan to shore up its finances amid ongoing challenges, including falling behind in paying bills and rents. If approved, physicians who work at Steward facilities across nine states would be employed by Optum, the largest employer of physicians in the U.S.
M&A volume may shift from hospice to home health
03/29/24 at 02:00 AMM&A volume may shift from hospice to home health Hospice News, by Jim Parker, 3/26/24 Though many expect a hospice M&A rebound in 2024, the scales are tipping in favor of home health companies among buyers. Generally, signs point to heightened buyer activity this year, particularly among private equity as interest rates start to come down.
Private equity more common in Massachusetts health care
03/28/24 at 03:00 AMPrivate equity more common in Massachusetts health care: Steward crisis has state on hunt for possible legislative response 22 News WWLP.com; by Ashley Shook, Alison Kuznitz, Chirs Lisinski; 3/26/24 The pressure points inflicted by private equity ownership in health care extend far beyond Steward Health Care, and lawmakers have a long menu of policy reforms they can consider to erect new guardrails in a changing environment, experts said Monday. Pushed into public-facing action after a long-simmering financial crisis at Steward burst into public view this year, lawmakers convened a public hearing to explore how deeply private equity has taken root in the Bay State’s health care system and what policymakers should do to prevent harm to patient care.
Personal health companies up for sale as costs rise
03/26/24 at 03:00 AMPersonal health companies up for sale as costs rise Modern Healthcare, by Diane Eastabrook; 3/26/25 Labor shortages, tighter access to capital and low reimbursements from some payers could force more healthcare providers to shed non-core operations, such as personal care and post-acute care, according to analysts. ... More than three-quarters of 51 active buyers of home health, hospice and personal care companies said they planned to increase acquisitions in 2024, ...
Deal or No Deal: The futures of 3 home-based care companies
03/25/24 at 03:00 AMDeal or No Deal: The futures of 3 home-based care companiesHome Health Care News; by Andrew Donlan; 3/21/24 Most buyers in home health and personal care are signaling they'll be more active in the M&A market this year. There are three major home-based care deals that have happened, or may happen, in the near-term future. All of them could have significant ripple effects.
Private equity group Waud Capital Partners acquires Senior Helpers
03/22/24 at 03:00 AMPrivate equity group Waud Capital Partners acquires Senior Helpers McKnights Home Care, by Adam Healy; 3/21/24 Private equity firm Waud Capital Partners is acquiring Senior Helpers, a home care franchise company with nearly 400 locations in the United States, Canada and Australia, for an undisclosed amount, according to an announcement about the deal released Thursday. ... Advocate Health, which owns Senior Helpers, is the third-largest nonprofit health system in the US, according to a release. Senior Helpers provides wellness services such as meal planning, grocery shopping, medication management, transportation, companionship and assistance with activities of daily living.
Oregon's health authority reviewing UnitedHealth's acquisition of Amedisys
03/21/24 at 03:00 AMOregon's health authority reviewing UnitedHealth's acquisition of Amedisys Reuters, by Leroy Leo; 3/19/24 Amedisys said on Tuesday Oregon's health authority has started a review of UnitedHealth Group's $3.3 billion acquisition of the home health and hospice caregiver. UnitedHealth had announced the acquisition in June, after competing with Option Care Health.
Fitch: Scrutiny of private equity deals is short-term positive
03/21/24 at 03:00 AMFitch: Scrutiny of private equity deals is short-term positive Modern Healthcare, by Hayley Desilva; 3/18/24 Increased federal scrutiny of healthcare mergers and acquisitions is expected to have mixed consequences for providers' credit, particularly when private equity buyers are involved, according to Fitch Ratings. ... In December, the [Federal Trade Commission] FTC updated its merger guidelines to foster competition across all industries, including healthcare. However, healthcare acquisitions are expected to increase this year as financial conditions improve.
Private equity-backed consolidation divides physicians
03/21/24 at 02:00 AMPrivate equity-backed consolidation divides physicians Modern Healthcare, by Alex Kacik; 3/18/24 ... Fewer physicians — only 46.7% in 2022 compared with 60.1% in 2012 — work in practices wholly owned by doctors amid struggles to manage reimbursement cuts, regulation and rising expenses. As a result, more physicians are joining health systems, private equity-backed management services organizations and insurers. That trend has spurred research, lobbying groups, regulation and legislation on physician employment models.
[UPDATED] Skilled Nursing giant PACS Group files for IPO as it looks to expand footprint
03/19/24 at 03:00 AM[UPDATED] Skilled Nursing giant PACS Group files for IPO as it looks to expand footprint Skilled Nursing News, by Zahida Siddiqi; 3/14/24 PACS Group filed for an initial public offering with the Securities and Exchange Commission on Wednesday, citing focus on growth plans in its filing. ... The Farmington, Utah-based PACS Group is one of the largest skilled nursing providers with more than 200 nursing facilities across nine states and serves over 20,000 patients daily. It plans to list on the NYSE under the symbol PACS.
Vitas CEO Westfall: Market conditions more favorable for hospice acquisitions
03/18/24 at 03:00 AMVITAS CEO Westfall: Market conditions more favorable for hospice acquisitions Hospice News, by Jim Parker; 3/15/24 Changes in the marketplace have made further acquisitions by VITAS Healthcare more likely. VITAS, a subsidiary of Chemed Corp. ..., recently announced its first deal in several years, the $85 million purchase of hospice assets from Covenant Health. While the company does not comment on its specific acquisition plans or its pipeline, VITAS may be more active in the M&A space in the coming year, CEO Nick Westfall indicated ...
The identity dilemma: Navigating rebranding decisions in home health M&A
03/18/24 at 03:00 AMThe identity dilemma: Navigating rebranding decisions in home health M&A Home Health Care News, by Patrick Filbin; 3/14/24 ... While some companies swiftly integrate acquired businesses into their brand and splash their logo, marketing materials and likeness on the newly acquired assets, others opt to maintain the selling company’s identity. In home-based care, the decision to “rebrand or retain” takes into account a number of factors, sources told Home Health Care News. They include operational efficiency, patient/client retention, market positioning and more.
Private equity sets sights on home care, hospice, new report finds
03/15/24 at 03:00 AMPrivate equity sets sights on home care, hospice, new report findsMcKnights Home Care, by Adam Healy; 3/14/24The home care segment increasingly has become an attractive target for private equity buyers, particularly personal care and hospice, according to the Private Equity Stakeholder Project, a nonprofit financial watchdog organization.
Pennsylvania health systems are partnering up
03/12/24 at 03:00 AMPennsylvania health systems are partnering up Becker's Hospital Review, by Andrew Cass; 3/8/24Kittanning, Pa.-based Armstrong County Memorial Hospital signed a definitive agreement March 6 to join Pennsylvania Mountains Care Network, marking the latest in a series of partnerships, mergers and acquisitions between hospitals and health systems in the Keystone State.
Why Northwell wants to buy Nuvance
03/11/24 at 03:00 AMWhy Northwell wants to buy Nuvance Modern Healthcare, by Caroline Hudson; 3/6/24 The deal would create a system with 28 hospitals and more than 1,000 care sites across New York and Connecticut.Editor's Note: Access to this article requires a subscription.
Ounce of prevention: Is a selling hospice or home health agency ready for the 36-Month Rule?
03/06/24 at 03:00 AMOunce of prevention: Is a selling hospice or home health agency ready for the 36-Month Rule? McGuire Woods; 3/4/24Medicare-enrolled hospices and HHAsshould take the following steps toassess and avoid triggering the 36-month rule: [click on the link for content]
IntellaTriage strengthens position as market leader through NurseLine acquisition
03/04/24 at 03:00 AMIntellaTriage strengthens position as market leader through NurseLine acquisitionFOX WTNZ TV 43; 2/29/24IntellaTriage, the leading provider of after-hours nurse-first triage services for hospice and home health, is excited to announce its strategic acquisition of NurseLine, a prominent nationwide provider of hospice and home health triage services. The transaction was completed for an undisclosed sum and marks a significant step in IntellaTriage's commitment to enhancing patient care and streamlining healthcare delivery.
Frontpoint Health acquires High Plains Senior Care, expanding Texas footprint and Medicare Advantage partnerships
03/04/24 at 03:00 AMFrontpoint Health acquires High Plains Senior Care, expanding Texas footprint and Medicare Advantage partnerships BNN, by Salman Akhtar; 2/29/24 Frontpoint Health, a leader in Home Health and Hospice services, has officially acquired High Plains Senior Care Group (HPSC), marking a significant expansion into over 176 counties across Texas. This strategic move not only broadens Frontpoint's geographical reach but also strengthens its collaborations with Medicare Advantage plans in the Southeast, promising accelerated growth and enhanced care for Medicare Advantage patients.
(Private Equity Issue) Anesthesiology group must cut ties with 5 hospitals: Colorado AG
03/01/24 at 03:00 AM(Private Equity Issue) Anesthesiology group must cut ties with 5 hospitals: Colorado AGBecker's Hospital Review, by Alan Condon; 2/27/24Colorado Attorney General Phil Weiser has announced an agreement with U.S. Anesthesia Partners that resolves the private equity-backed company's alleged anticompetitive business practices that drove up prices for consumers receiving surgical anesthesia services.Publisher's note: Private equity concerns have impacted hospices the past few years. Private equity concerns in other fields are also catching our attention.
Addus more bullish on looming 80-20 rule, ready to ramp up M&A in 2024
02/29/24 at 03:00 AMAddus more bullish on looming 80-20 rule, ready to ramp up M&A in 2024Home Health Care News, by Andrew Donlan; 2/27/24Addus HomeCare Corp. (Nasdaq: ADUS) leaders expressed noteworthy optimism in two areas Tuesday: the pending “80-20” rule and their M&A forecast for the near-term future. ... Based in Frisco, Texas, Addus provides personal care, home health care and hospice to more than 49,000 consumers via its 217 locations across 22 states.