Tradition is added to the post-acute care platform
Traditions Health is part of the growing post-acute care business.
College Station, a Texas-based home healthcare and hospice provider, announced several new acquisitions in early January. The financial terms of the transaction have not been disclosed.
In Oklahoma, Traditions has acquired two home care institutions, Traditions Home Care and Secure Home Care. The provider also inked two Louisiana hospice agencies: Grace Hospice & Palliative Care and Heritage Hospice.
The acquisition of the new hospice marks the company’s first entry into the Louisiana market.
Brian Wolfe, President and Chief Executive Officer of Traditions Health, said in a statement, “Grow the Traditions family in Louisiana and deepen its capabilities in Oklahoma by adding major home healthcare facilities in eastern Oklahoma. I’m happy to be able to do that. ” “This announcement is a good way to conclude that it was an exciting year for Traditions Health.”
Overall, Traditions, a portfolio of PE company Dorilton Capital, provides emergency care services to 5,000 patients in 14 states. Providers are particularly active in the hospice market, with seven hospice transactions since June 2020.
Homeland Adaptive Help
Help at Home is hunting for M & A. Its latest purchase is made just months after it was acquired by a consortium of private equity buyers.
Earlier this month, Chicago-based Help at Home reportedly signed a deal with The Adaptive Group, a home health, hospice, and home care service provider that operates throughout Indiana. The financial terms of the transaction have not been disclosed.
Finally, Help at Home is a home-based and community-based service provider with a 13-state footprint featuring a total of 160 locations. Centerbridge Partners and Vistria Group worked together to purchase Help at Home from Wellspring Capital Management in November.
Founded in 2011, the Adaptive Group consists of Adaptive Companion Services, Adaptive Hospice, and Adaptive Nursing and Healthcare Services. The provider has 23 locations throughout the state of Fuscher.
“A good combination of Adaptive and Help at Home means that we can set the standard for quality care and service excellence not only in Indiana, but throughout the Midwest and the United States.” Adaptive co-founder Mike・ Mr. Root said in a press release. “Partnering with Help at Home puts us in a better position to carry out our mission. We will make a positive impact on as many lives as possible through the provision of superior patient-centric home care services. I can.”
Amedisys Board Approves Share Repurchase Plan
Amedisys Inc. (Nasdaq: AMED) announced at the end of last year that its board of directors approved a stock repurchase program. The program allows the company to repurchase outstanding common stock for up to $ 100 million by December 31st.
The Share Repurchase Program gives Amedisys a green light to repurchase common stock “occasionally, at a time the company deems appropriate, depending on the amount, price, and market conditions and other considerations.”
At the time of the daytime trading on Thursday, Amedisys shares were listed at $ 291.73 per share.
Founded in 1982 and based in Baton Rouge, Louisiana, Amedisys employs 21,000 people in 516 care centers in 39 states and the District of Columbia.
“Given our strong cash flow and low leverage, it is wise to get permission to repurchase shares throughout the year, including shares granted under the company’s omnibus incentive plan when vesting in 2021. I feel there, “said CFO Scott Gin. statement. “This will be part of a recurring capital development strategy, but our top priority has been and will continue to be additional acquisitions in both home health and hospice.”
Traditions Health has acquired four agencies. Help at Home Buys Adaptive
Source link Traditions Health has acquired four agencies. Help at Home Buys Adaptive