Home-Based Care Companies Expand Through ‍M&A, De Novo

Several home-based⁣ care organizations are strategically expanding ‌their reach through ⁢mergers and acquisitions (M&A) and de novo growth, aiming to enhance ⁣their service offerings and geographic presence in ⁤the competitive healthcare market.

Lucet, a​ behavioral health company, is set to⁤ acquire Emcara Health, a value-based national medical⁣ group specializing⁢ in home-based advanced primary care. ‍Shana Hoffman, president and CEO of Lucet, said ⁢the acquisition will allow them to offer more extensive care and connect individuals to high-quality healthcare resources. The ⁢deal aims to integrate Emcara’s in-home care solutions ​with Lucet’s behavioral health expertise,⁤ creating new integrated care models, according to jeff Goddard, executive vice president and CFO of GuideWell.

The Visiting Nurse Association (VNA) ‍of ⁣Ohio, founded in⁢ Cleveland⁣ in 1902, has been acquired by⁣ h/care, a healthcare management organization, effective May 1. Renee Coughlin,managing ‌director of VNA of Ohio,said ⁣the⁣ partnership ​will ensure ⁢patients continue to receive ​trusted care. Ryan ⁤Haller,CEO and founding ⁢principal of h/care,added that the acquisition is a⁣ commitment to​ honoring ⁤the‌ VNA’s legacy while advancing ⁢care standards.

In othre ⁢news, Owens & Minor⁣ and Rotech Healthcare Holdings Inc. have mutually agreed‌ to terminate their previously announced acquisition. Owens & Minor has ‌paid $80 million to Rotech Healthcare as ‍part‌ of the merger agreement. Edward A. Pesicka,​ president and CEO of Owens & Minor, said regulatory clearance proved unviable in terms of time, expense, and chance.

Comfort Keepers, a​ personal home care provider with 600 locations​ across the U.S., has identified Boston as a key‌ market for​ franchise development in 2025. Scott Oaks, vice president of franchise development​ at Comfort Keepers, ⁤said the boston market​ is underpenetrated, with​ many open territories available. The company aims​ to ⁣expand into up to eight new territories in⁤ the area.

AmeriBest ⁤Home Care has ⁣opened a new location in Pittsburgh, Pennsylvania.Michael Hueitt, Jr., Pittsburgh⁣ branch director, said⁣ the move⁣ makes sense as roughly 1​ in 5 residents is ‌over 65. AmeriBest aims to provide reliable support ⁢to help ‌seniors maintain their independence and ⁢comfort at⁢ home.

What’s ⁣next

These strategic ‌moves signal a ⁣continued trend of consolidation and expansion within the home-based care industry,driven by the growing demand for in-home ⁢healthcare services and⁣ the desire to provide more comprehensive⁤ and integrated care solutions.