Literature Review
All posts tagged with “Mergers & Acquisition News | Venture Capital & Private Equity News.”
Cigna Calls Off Humana Pursuit, Plans Big Stock Buyback
12/12/23 at 03:42 AMCigna Calls Off Humana Pursuit, Plans Big Stock BuybackWall Street JournalDecember 10, 2023Cigna Group abandoned its pursuit of a tie-up with Humana after shareholders balked at a deal that would have created a roughly $140 billion giant in the health-insurance industry. The companies couldn’t come to agreement on price and other financial terms, according to people familiar with the matter. In the near term, Cigna is turning its focus toward smaller, so-called bolt-on, acquisitions.
Senators probe private equity hospital deals following CBS News investigation
12/09/23 at 04:00 AM
Home Care Company Best of Care Acquires Barton’s Angels
12/08/23 at 03:31 AMHome Care Company Best of Care Acquires Barton’s AngelsHome Health Care NewsDecember 6, 2023The home care provider Best of Care is expanding its portfolio once again, this time on its 43rd anniversary. On Wednesday, the company announced that it had acquired Barton’s Angels, also a home care provider. ... “Barton’s Angels was attractive to us because of its reputation, its legacy, its leadership and the overlapping business they had in the form of shared contracts and referral sources,” Best of Care CEO Kevin Smith told Home Health Care News. ... Best of Care also works with both Medicaid and private-pay clients. Based in Quincy, Massachusetts, the company provides services via its 450 caregivers to over 1,500 clients across all of Massachusetts. ... For Best of Care, the goal is to be close to a one-stop shop for seniors navigating the aging process.
Care Advantage Acquires Nova Home Health Care, Delivers On 18th Acquisition Since 2018
12/08/23 at 03:23 AMCare Advantage Acquires Nova Home Health Care, Delivers On 18th Acquisition Since 2018Home Health Care NewsDecember 6, 2023Care Advantage announced Tuesday that it has acquired Nova Home Health Care. The acquisition expands Care Advantage’s Northern Virginia footprint—a market that CEO Tim Hanold believes is an important one for current and future growth. ... Hanold told Home Health Care News, “... Northern Virginia is part of the Metropolitan D.C. area, and is a very diverse market. We want to make sure that we’re approaching that in a smart and culturally sensitive way.” Richmond, Virginia-based Care Advantage is a home-based care company that has more than 45 locations throughout Virginia, Maryland, Delaware, Washington, D.C., and North Carolina. The company offers both personal care and home health care services. On its end, Nova Home Health Care is a personal care company that serves the Medicaid population. The company has ties to a number of different communities that make up the diverse population in the area. “They have real deep market penetration with the Vietnamese community, as well as the Hispanic and African American communities,” Hanold said.
How PE Firms Are Adjusting Hospice Exit Strategies in a Shifting Market
12/08/23 at 03:18 AMHow PE Firms Are Adjusting Hospice Exit Strategies in a Shifting MarketHospice NewsDecember 6, 2023Private equity firms typically turn around and sell an asset within three to five years post-acquisition. However, some may slow that cycle down in today’s economic environment. The presence of private equity firms in the hospice arena has expanded exponentially during the past several years. But this year, deal volume slowed across the board. While the slowdown applies to all buyers, the decline in private equity transactions is particularly noteworthy because they were among the most aggressive acquirers in the space between 2019 and 2022.
2023’s Most Impactful Hospice Deals
12/07/23 at 04:00 AM2023’s Most Impactful Hospice DealsHospice NewsDecember 5, 2023A rich mix of hospice merger and acquisition activity at the end of 2023 is fueling trends into next year. Hospice M&A activity has diverged from the frenzied pace set in recent years. The hospice space in the last five years has seen record-breaking multiples, a prevalence of private equity-backed platform transactions and large-scale assets up for grabs. This year saw a slow but significant start, with mainly smaller and fewer hospice transactions taking place. As valuations have come down, asset sizes have varied and the scope of buyers has pivoted. However, the hospice market also saw a number of multi-billion-dollar “mega-deals” involving payers that stand to reshape aspects of the industry. The forthcoming sale of Amedisys to Optum marks one of the most significant transactions in the hospice industry in terms of valuation and buyer trends.
Baptist Health completes acquisition of Drew Memorial Health in Monticello
12/07/23 at 04:00 AMBaptist Health completes acquisition of Drew Memorial Health in MonticelloKARK-TV (Little Rock, AR)December 5, 2023Monticello, AR—The former Drew Memorial Health System in Monticello is now the Baptist Health Medical Center—Drew County. The change-over was marked by a ribbon cutting Monday morning. The Monticello operation is the 12th Baptist Health hospital and has approximately 300 employees.
National HME Acquires Hospice Source
12/07/23 at 04:00 AMNational HME Acquires Hospice SourceBusiness WireDecember 5, 2023Irving, TX—National HME, a leading provider of durable medical equipment solutions and services to hospice and alternate sites of care, today announced that it has acquired Hospice Source, a provider of medical equipment to hospice patients and facilities.
The Pennant Group Buys Southwestern Palliative Care & Hospice
12/03/23 at 04:00 AMThe Pennant Group Buys Southwestern Palliative Care & HospiceHospice NewsDecember 1, 2023The Pennant Group Inc. has inked a deal to acquire Arizona-based Southwestern Palliative Care & Hospice for an undisclosed amount, adding to its existing presence in the state. Southwestern Palliative Care & Hospice provides home-based end-of-life and serious illness care to communities in Yuma, Arizona.[Editor’s Note: To read The Pennant Group news release, click here.]