DENVER--(BUSINESS WIRE)--Revelstoke Capital Partners (“Revelstoke”), a Denver-based healthcare services private equity firm, and The Care Team (“TCT” or the “Company”), one of the largest home health and hospice agencies in the Great Lakes region, announced Revelstoke’s investment in TCT to support its growth objectives and continued focus on delivering the highest quality care.
Missouri Home Hospice, LLC, a firm with portfolio companies throughout the post-acute care space, and MHS Equities, LLC have acquired Missouri-based Transitions Hospice, marking the third 2019 acquisition for Missouri Home Hospice.
The $1.5 million sale of Albany, New York-based Living Resources Certified Home Health Agency Inc. and its licensed personal care services agency has cleared state regulatory hurdles and is one step closer to becoming official, according to Albany Business Review.
AngMar Medical Holdings, Inc. Expands Angels Care Brand With Acquisition of First Hospice Company in Wichita, Kansas
MANSFIELD, Texas--(BUSINESS WIRE)--AngMar Medical Holdings, Inc. announced today that after more than 20 years of managing home health companies, on October 1, 2019, it acquired a Hospice company for an undisclosed amount, located in Wichita, Kansas. This company is the first location to serve under its new brand – Angels Care Hospice – which is being introduced in Kansas and will be used for all future hospice locations.
Maryland Addiction Recovery Center and Caron Treatment Centers announce Acquisition of Encore Recovery Solutions of Arlington, Virginia
Maryland Addiction Recovery Center, the leader in long-term care for addiction and co-occurring disorders in the Mid-Atlantic, is excited to announce a new joint venture with Caron Treatment Centers, based in Wernersville, PA, and this new joint venture’s acquisition of Encore Recovery Solutions of Arlington, Virginia.
Nova Leap Health Corp. Completes Purchase of Oklahoma Home Care Business and Provides Corporate Update
HALIFAX, Nova Scotia, Oct. 07, 2019 (GLOBE NEWSWIRE) -- NOVA LEAP HEALTH CORP. (TSXV: NLH) ("Nova Leap" or “the Company”), a 2019 TSX Venture 50™ ranked company focused on the home health care industry, is pleased to announce that it has completed the acquisition of the business assets of Around The Clock Home Care, LLC (“Around The Clock”) located in Chickasha, Oklahoma. The execution of the definitive agreement and related information pertaining to this acquisition was previously announced on September 16, 2019. All amounts are in United States dollars (“USD”) unless otherwise specified.
OAKLAND, Calif.--(BUSINESS WIRE)--Kadiant, a mission-driven organization that provides high-quality Applied Behavior Analysis (ABA) therapy and services to individuals diagnosed with autism spectrum disorder (ASD), announced today it has partnered with Capitol Autism Services (C.A.S), to extend its service breadth and capacity in the greater Sacramento, CA region. Kadiant’s partnership with C.A.S marks Kadiant’s seventh investment. Terms of the partnership are not being disclosed.
Private equity firm Towerbrook Capital Partners and health system Ascension Health have agreed to purchase the Nashville-based hospice provider Compassus at a valuation of $1 billion, with multiples of EBITDA in the low teens, PEHub.com reported.
FRISCO, Texas, Oct. 1, 2019 /PRNewswire/ -- Addus HomeCare Corporation (NASDAQ: ADUS), a provider of comprehensive home care services, today announced that it has completed the purchase of Hospice Partners of America, LLC, a multi-state provider of hospice services headquartered in Birmingham, Alabama, for a cash purchase price of $130.0 million, representing $118.4 million of value, net of the present value of $11.6 million of estimated tax benefits. Hospice Partners of America currently serves an average daily census of approximately 1,000 patients through 21 locations across Idaho, Kansas, Missouri, Oregon, Texas and Virginia with annualized revenue of approximately $55.0 million. Addus funded the acquisition with proceeds from the Company's recent stock offering completed on September 9, 2019.
SAN FRANCISCO & JAMISON, Pa.--(BUSINESS WIRE)--Golden Gate Capital, a leading private equity investment firm, today announced that it has acquired Invo Holdings, LLC (“Invo” or “the Company”), a leading provider of autism and childhood behavioral health services. Invo will continue to be led by Chief Executive Officer Anthony Manley and its current management team. The Jordan Company, which invested in Invo in 2017, and Invo’s management will retain minority ownership stakes in the business. Financial terms of the transaction were not disclosed.