Non-Traditional Buyers Flocking to Hospice M&A Market
“Hospice is an attractive acquisition opportunity for someone who has a long-term hold as well as somebody who has a short-term hold,” Dexter Braff told Hospice News.
[Updated] Bayada, Universal Health Services to Launch New Joint Venture Focused on the Home
“It’s a definite trend,” Mark Kulik, managing director at mergers-and-acquisitions advisory firm The Braff Group, previously told Home Health Care News. “The theme is [that] it’s hard to be great at everything. Your core competency as a hospital is acute care. Home care is very different.”
Pandemic Speeds Up Consolidation
After briefly hitting the pause button in March when “the world turned upside down,” buyers and sellers are back at the table, say M&A analysts in the article. Pandemic Speeds Up Consolidation, from HME News. Find out what Pat Clifford, Managing Director at BRAFF, had to say about the HME industry.
Will a Stay Calm and Carry-on Mindset Beat Back Stubborn COVID Headwinds?
Good question. Glad we asked it. No doubt this is a fluid situation. In fact, given what has transpired in just the past week, our answer today could very well go back to the future in 30 days or so (more on that below). But right now? There is evidence – mostly anecdotal at this point – that the M&A world is beginning to awaken from the Big Sleep.
Will COVID-19 Provide Cover to Corral Value Multiples?
Last summer, we noticed a peculiarly interesting article about what had become a runaway lending environment. Debt capacity had risen as high as 6-7 times EBITDA. What’s more, EBITDA was fast becoming a proforma, go-forward, if-everything-goes-perfect figure. In other words, a substantially puffed up version of the truth that effectively added another 1-2 turns of EBITDA that lenders were willing to put up.
Will Mergers and Acquisitions Multiples Fall as Debt Goes Back to the Future?
Remember the run-up to the global recession when lenders were tripping over themselves to get in on a mergers and acquisitions climate that was positively giddy? When debt capacity, typically expressed as a multiple of a company’s earnings before interest, taxes, depreciation, and amortization reached milestone levels, eclipsing the “6X barrier” (as coined by PitchBook)? When the term “covenant-lite”, describing loan agreements with fewer protective covenants for the buyer and less restrictions for borrowers, became a thing?
Learn the state of Autism M&A at AIS
In this session, we take a deep dive into our proprietary database of Autism transactions in order to see how the market has shifted over time.
Find the right place and right time to meet at the National Telehealth Summit
It's always about finding the right place and right time when it comes to accessing quality telehealth care.
WeWork Didn’t: Are Other Unicorns Taking the Hit?
The saga of WeWork is the stuff of hubris – a financial folly built upon a hope and a dream, financed by a mountain of debt. Once a Google-esque darling of the hyper-hipster Technorati, the office sharing wunderkind saw its valuation tumble from $47 billion to $10 billion to whether it is even viable in the span of a few short months.
M&A predictions: Active start, followed by uncertainty
All signs are pointing to a strong start in mergers and acquisitions activity for 2020, given the recent acquisition of Patient Care Solutions by AdaptHealth in late 2019. Pat Clifford spoke with HME News regarding what to expect for the remainder of the year.