September 2019

Following Record Q2 Results, Nova Leap Health Corp. Announces Execution of Definitive Agreement to Acquire Home Care Business in Massachusetts

2019-09-26T08:53:22-04:00September 25th, 2019|

HALIFAX, Nova Scotia, Sept. 25, 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 executed a definitive agreement (the “Agreement”), dated September 25, 2019, to acquire a home care services company (“the Target”) located in Massachusetts. The Target reported unaudited revenues of approximately $1,270,000, net income of approximately $63,300 and adjusted EBITDA of approximately $85,500 for the year ended December 31, 2018. All amounts are in United States Dollars (“USD”) unless otherwise specified.

Pharos Capital’s Family Treatment Network Makes Strategic Investment in Alpine Academy and Interventions Unlimited

2019-09-24T13:46:23-04:00September 24th, 2019|

DALLAS and NASHVILLE, Tenn., Sept. 24, 2019 /PRNewswire/ -- Pharos Capital Group, LLC ("Pharos"), through its Family Treatment Network platform ("FTN"), has completed an investment in Alpine Academy and Interventions Unlimited, which together provide Applied Behavior Analysis (ABA)-based educational services and ABA therapy to children, the firm announced today. Terms of the transaction were not disclosed.

The Stepping Stones Group Acquires New England ABA, Inc.

2019-09-24T14:05:13-04:00September 23rd, 2019|

BOSTON, Sept. 23, 2019 /PRNewswire/ -- The Stepping Stones Group (Stepping Stones), a leading national provider of therapeutic and behavioral health services to children with special needs and autism, today announced the acquisition of New England ABA, Inc., a Massachusetts based provider of in-home and community-based Applied Behavioral Analysis (ABA) therapy.

Arosa+LivHOME to Acquire LifeLinks™

2019-09-16T08:25:26-04:00September 12th, 2019|

LOS ANGELES, Sept. 12, 2019 /PRNewswire/ -- Arosa+LivHOME has signed an agreement to acquire LifeLinks, a leading provider of Aging Life Care™ services in Raleigh, NC and Nashville, TN. This marks Arosa+LivHOME's sixth acquisition since January and entry into its sixth state, Tennessee.

Sierra Tucson Expands into California

2019-09-12T08:52:25-04:00September 9th, 2019|

Sierra Tucson announced last week that it has expanded into California by assuming the management of a pair of California treatment centers. Sober Living by the Sea in Newport Beach and Sunrise Recovery Ranch in Riverside are now part of the Sierra Tucson portfolio and will operate as Sierra by the Sea and Sunrise Ranch, respectively.

SCB Global Healthcare Acquires Gallus Detox Centers

2019-09-04T16:40:09-04:00September 4th, 2019|

DENVER, Sept. 4, 2019 /PRNewswire/ -- SCB Global Healthcare Services, LLC, a Denver based healthcare services holding company founded by Warren Olsen and Russ Matthews today announced that it has acquired the Gallus Detox Centers, a provider of customized inpatient medical detoxification programs for alcoholism and drug addiction. Gallus Detox Centers was founded by Dr. Patrick Gallus, a board-certified emergency medicine physician with over 15 years of experience treating drug and alcohol related issues.

LHC Group Finalizes Joint Venture Agreement with Louisville’s Norton Healthcare

2019-09-05T09:00:07-04:00September 4th, 2019|

LAFAYETTE, La., Sept. 04, 2019 (GLOBE NEWSWIRE) -- LHC Group, Inc. (LHCG) announced today that it has finalized a new joint venture (JV) agreement with Norton Healthcare in Louisville, Ky., effective Sept. 1. The two organizations will share ownership of Caregivers Health Network, a home health provider serving patients and families in Louisville and the region with high-quality affordable healthcare services in the privacy and comfort of their home.

August 2019

SAVNA expands

2019-08-30T10:29:44-04:00August 29th, 2019|

Salem Area Visiting Nurse Association (SAVNA) is merging with Home Care Advantage Inc.

Business Provides Hospice Services through 21 Locations Across Six States, Producing Annualized Revenue of Approximately $55 Million

2019-08-26T10:35:51-04:00August 26th, 2019|

FRISCO, Texas, Aug. 26, 2019 /PRNewswire/ -- Addus HomeCare Corporation (NASDAQ: ADUS), "Addus" or "the Company," a provider of comprehensive home care services, today announced the signing of a definitive agreement to purchase 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 million. Addus expects to complete the transaction following completion of all required regulatory approvals, subject to customary closing conditions. Addus will fund the acquisition through the Company's revolving credit facility.

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