LAFAYETTE, La., June 03, 2019 (GLOBE NEWSWIRE) -- LHC Group, Inc. (NASDAQ: LHCG) and AtlantiCare – A Member of Geisinger have finalized a previously announced joint venture (JV) agreement and purchase that includes home health and hospice services at AtlantiCare in Atlantic County, New Jersey – expanding LHC Group’s footprint within the state. In April, LHC Group and Geisinger finalized their previously announced JV partnership for home health and hospice services at Geisinger locations in Pennsylvania. These agencies, which serve their local communities in the states of Pennsylvania and New Jersey, represent annualized revenue of approximately $35 million.
JourneyCare — Illinois’ largest nonprofit community-based hospice and palliative care provider — is expanding into the home health space. To do so, the provider has purchased Northwestern Memorial HealthCare’s home health and hospice programs. Terms of the deal were not disclosed. Among its offerings, the Glenview, Illinois-based JourneyCare provides adult and pediatric palliative and hospice care, in addition to house call and chronic care management services. JourneyCare currently serves 13 counties in the Chicago area and throughout northern Illinois.
SAN DIEGO & SAN FRANCISCO--(BUSINESS WIRE)--TEAM Services Group (“TEAM”), a portfolio company of Alpine Investors V and V SBIC, LP (“Alpine”), announced today that they have partnered with Circle of Life Home Care Anishinaabe, Inc. (“Circle of Life” or “COLHCA”), a leading home care agency providing personal care attendant and homemaking services with a focus on serving Native American communities.
OAKLAND, Calif.--(BUSINESS WIRE)--Kadiant, a mission-driven organization that provides high-quality Applied Behavior Analysis (ABA) therapy and related services to individuals diagnosed with autism spectrum disorder (ASD), announced today it has signed a definitive agreement to partner with STE Consultants, a pioneer provider of ABA services in both center and home-based settings. The partnership will mark the fourth addition to Kadiant this year, following its investments in Central Valley Autism Project (CVAP), Kids Overcoming (KOI), and Integrated Behavioral Solutions (IBS). The agreement with STE Consultants is subject to customary closing conditions. Terms of the partnerships are not being disclosed.
Burrell Behavioral Health plans to double the 200-person staff of Youth Bridge, a Fayetteville-based behavioral health group, within the next five years, the merged companies' chief executive said. "The behavioral health industry is being flooded with interest in receiving care," Chief Executive C.J. Davis said last week. Davis is not exaggerating, Sen. Bart Hester, R-Cave Springs, said Friday. Hester is chairman of the state Senate's Children and Youth Committee.
Global private equity firm Advent International has entered a definitive agreement to acquire AccentCare from its current PE-backer, Oak Hill Partners. Financial terms were not disclosed. The acquisition is one of six home health PE deals announced so far this year, with fewer industry deals happening at a slower pace than in years past. In 2017, there were 28 PE deals in the space, followed by another 58 in 2018, according to the latest proprietary data from M&A advisory firm Mertz Taggart.
OAKLAND, Calif.--(BUSINESS WIRE)--Kadiant, a mission-driven organization that provides high-quality Applied Behavior Analysis (ABA) therapy and related services to individuals diagnosed with autism spectrum disorder (ASD), announced today it has partnered with Central Valley Autism Project (CVAP), a pioneer provider of ABA services in both center and home-based settings. Kadiant’s partnership with CVAP marks the company’s third, following its investment in Kids Overcoming (KOI) and pending investment in Integrated Behavioral Solutions (IBS). Terms of the partnerships are not being disclosed.
Jet Health, Inc. Acquires Boise, Idaho-Based First Choice Home Health and Hospice; Marks Company’s Entry into Hospice Arena
IRVINE, Calif.--(BUSINESS WIRE)--Jet Health, Inc., a leading regional provider of home health services, announced today the acquisition of First Choice Home Health and Hospice, a Boise, Idaho-based home health and hospice company. The acquisition marks Jet Health’s foray into the hospice arena.
AccentCare, Inc., a leading post-acute care company, based in Dallas, Texas has purchased three healthcare businesses on the east coast of Florida, expanding its national footprint as well as its service lines.
CHARLOTTE, N.C. & ATLANTA--(BUSINESS WIRE)--Perimeter Healthcare, a behavioral healthcare company backed by Ridgemont Equity Partners, today announced the acquisition of two 116-bed inpatient psychiatric hospitals located in the Dallas Fort-Worth metroplex. After having formerly operated in the market under a different name, the facilities will re-open in 2019 as Perimeter Behavioral Hospital of Arlington and Perimeter Behavioral Hospital of Dallas and continue to provide quality, personal inpatient care for children, adolescents, adults and seniors facing acute mental and behavioral health challenges.