Lifecare Innovations
December 2013Lifecare Innovations
As part of its strategy to build out its home infusion therapy offerings, PharMerica Corporation (NYSE:PMC), a diversified national provider of institutional and specialty pharmacy services acquired Alternacare Infusion Pharmacy, a specialty home infusion provider serving the greater Kansas City metropolitan area.
Legacy Home Healthcare, LLC
December 2013Legacy Home Healthcare, LLC
Legacy Home Healthcare, a Prescott, AZ-based provider of Medicare-certified services was acquired by The Good Samaritan Society. Good Samaritan, a not-for-profit, multi-state provider of diversified post-acute services including senior housing, home care, rehab, and more acquired Legacy to complement its AZ holdings.
Amedisys - San Diego and Vista, CA
December 2013Amedisys
Amedisys (NASDAQ:AMED), one of the nation’s largest providers of home health and hospice, engaged The Braff Group to divest approximately 50 underperforming locations. The Riverside and Lake Forest operations were acquired by VNA of Orange County, a multi-service provider of Medicare home health, hospice, and private duty home care to increase its penetration of the southern CA market.
Amedisys - Houston and Conroe, TX
December 2013Amedisys - TX
Amedisys (NASDAQ:AMED), a large publicly traded provider of home health care services, engaged The Braff Group to divest a substantial number of underperforming locations across the country. Stat Home Health, which provides home health services in Louisiana, and has a related and sizeable hospice operation covering the state, acquired five Texas home health operations as entry points into the neighboring state.
Amedisys - Williamsport, PA
December 2013Amedisys
Amedisys (NASDAQ:AMED), a large publicly traded provider of home health care services, engaged The Braff Group to divest a substantial number of underperforming locations across the country. Celtic Healthcare, a business unit of The Washington Post, acquired the Williamsport, PA location to expand its footprint west from Pittsburgh into Central PA.
Amedisys - Corpus and Katy, TX
December 2013Amedisys
Amedisys (NASDAQ:AMED), one of the nation’s largest providers of home health and hospice, engaged The Braff Group to divest approximately 50 underperforming locations. The Corpus Christi and Katy operations were acquired by Pathfinder Home Health, a large Texas-based home health provider to expand its presence in the eastern portion of the state.
Amedisys - Austin and Tenet, TX
December 2013Amedisys -TX
Amedisys (NASDAQ:AMED), a large publicly traded provider of home health care services, engaged The Braff Group to divest a substantial number of underperforming locations across the country. Pathfinder, a Texas-based multi-service home care provider, acquired the Dallas, Tenet, and Austin, TX locations to expand their capacity in TX. Pathfinder acquired locations in Texas in two separate, distinct transactions, which closed and funded at different times.
Glen Rock Pharmacy
December 2013Glen Rock Pharmacy
As part of a multi-prong growth strategy, Elwyn Specialty Pharmacy, acquired Glen Rock Medical Pharmacy, a diversified provider of specialty pharmacy products and services, with unique experience in fertility therapies. The transaction expanded Elwyn’s geographic coverage and product line capabilities.
Amedisys Riverside, Lake Forest, and Vista, CA
November 2013Amedisys
Amedisys (NASDAQ:AMED), a large publicly traded provider of home health care services, engaged The Braff Group to divest a substantial number of underperforming locations across the country. VNA of Orange County, a multi-service provider of home health, hospice, and private duty home care, acquired the Riverside and Lake Forest locations to increase its capacity in southern CA.
Amedisys - Mentor and Toledo, OH
November 2013Amedisys
Amedisys (NASDAQ:AMED), a large publicly traded provider of home health care services, engaged The Braff Group to divest a substantial number of underperforming locations across the country. Great Lakes Caring, a PE sponsored provider of home health based in Michigan, acquired the Mentor and Toledo OH locations to increase their presence in nearby Ohio.
Community Care Holdings
November 2013Community Care Holdings
BBMK Enterprises is a consolidator of home medical equipment providers specializing in sleep disorders and oxygen therapy. The company acquired the Delaware and Harrisburg locations of Community Care Holdings to expand its coverage of the Northeast.
Clark Respiratory
October 2013Clark Respiratory
Lincare, an extremely active consolidator of home medical equipment providers acquired Clark’s Respiratory to augment their service offerings in upstate NY.
Living Care Hospice
July 2013Living Care Hospice
Living Care Hospice was acquired by Compass Hospice, a multi-state provider based in South Carolina in order to establish a position in the attractive Georgia marketplace.
Horizons Hospice/ King of Prussia, PA
July 2013Horizons Hospice/ King of Prussia, PA
Many skilled nursing providers have begun to acquire hospice companies in an effort to broaden their post-acute service capacity. Publicly traded Brookdale Senior Living acquired a PA location of Horizon Hospice to fill a service need in this area.
AseraCare
June 2013AseraCare
AseraCare, a subsidiary of Golden Living, a skilled nursing home provider which had its original roots in Beverly Home Care is focused predominately in Hospice. The company engaged The Braff Group to divest its holdings of four underperforming branch operations providing non-core home health services. Publicly traded LHC Group (NASDAQ:LHCG) acquired these locations as part of its continued consolidation strategy.
Freedom Hospice, LLC
May 2013Freedom Hospice, LLC
Freedom Hospice was acquired by New Century Hospice which was founded by David Gasmire, one of the principle architects of Odyssey Hospice, an extremely successful provider that went public in the early 2000s. After developing a substantial presence in TX, the acquisition of Freedom gave the firm their first foothold in nearby Oklahoma.
Advanced Homecare, LLC
May 2013Advanced Homecare, LLC
Advanced Homecare, a Medicare Certified home health provider based in Florida, was acquired by Comprehensive Home Care, one of the largest, multi-site providers in the state. The transaction expanded Comprehensive’s service area into the attractive Jacksonville market
RTA Homecare, Inc.
March 2013RTA Homecare, Inc.
As part of an effort to develop a dense service footprint in Arizona, Valley Respiratory acquired RTA Homecare, a respiratory-focused home medical equipment provider, adding 3 locations in Mesa and Casa Grande, Arizona.
Addus Home Health
March 2013Addus Home Health
In late 2012, Addus Homecare (NASDAQ:ADUS), a publicly traded homecare provider, decided to divest its Medicare operations to focus primarily on Medicaid and other state-funded paraprofessional services and engaged The Braff Group. The bulk of these operations were acquired in a single transaction by LHC Group (NASDAQ:LHCG) to open up new service areas.
Walgreens - Vent patients
February 2013Walgreens - Vent patients
Several years ago, Walgreens began to divest non-corp ancillary community-based services, to focus predominately on home infusion therapy and specialty pharmacy. The divestiture of this specialty unit focused on home ventilator treatments was part of this basic strategy.
River City Healthcare & Pharmacy
January 2013River City Healthcare & Pharmacy
As part of their continued efforts to develop their ancillary home infusion therapy business, Walgreens acquired River City, a sizeable, growing California based provider of IV, nutritional therapy, and home medical equipment.