ShiftMed – a staffing platform – has acquired CareerStaff Limitless from Genesis HealthCare, a long-term care supplier.

“CareerStaff's integration with ShiftMed permits us to satisfy 100% of our clients' On Demand wants via a single staffing platform,” ShiftMed CEO Todd Walrath stated in a press assertion. “By combining ShiftMed's acclaimed mobile-first product suite with CareerStaff's best-in-class MSP answer, we’re creating the {industry}'s first end-to-end digital MSP.”

CareerStaff is a healthcare-focused workforce options and human sources companies firm. As well as, the corporate gives managed service packages (MSPs) to tons of of healthcare services throughout the US

Finally, ShiftMed hires healthcare professionals and contracts with healthcare suppliers based mostly on the wants of those organizations. The corporate has greater than 1,500 companions, together with house well being businesses, expert nursing services (SNFs), hospitals and assisted residing suppliers.

The mixed ShiftMed and CareerStaff will present its companies to Genesis below a seven-year unique settlement as a part of the deal.

“CareerStaff has been an integral a part of Genesis affiliated areas over the previous decade, and we’re excited to leverage ShiftMed's on-demand know-how and inside staffing platform to enhance affected person outcomes and obtain optimum staffing ranges,” Genesis CEO David Harrington stated within the assertion.

Risant Well being completes its acquisition of Geisinger

Risant Well being has accomplished its acquisition of Geisinger. As a mixed entity, the organizations will create a brand new value-based healthcare platform.

Risant Well being is a brand new nonprofit group ensuing from Kaiser Permanente's acquisition of Geisinger Well being.

Geisinger is a value-based healthcare supplier serving 1.2 million individuals in Pennsylvania. The group's house care arm, Geisinger at Dwelling, has served greater than 11,000 sufferers in 17 counties lately.

The acquisition, Risant Well being's first, combines Kaiser Permanente's built-in care and protection capabilities and Geisinger's experience in driving value-based care.

As a part of the completion of the acquisition, Dr. Jaewon Ryu, who has been president and CEO of Geisinger since 2019, will develop into Risant Well being's first CEO.

“Geisinger is proud to formally be a part of Risant Well being as its inaugural well being care system, which can speed up our imaginative and prescient to make higher well being less complicated, extra inexpensive and extra accessible for the communities we serve,” Ryu stated in an announcement press launch. “Geisinger can now prolong its imaginative and prescient, technique and affect to extra Pennsylvanians with entry to an expanded set of instruments, experience and capital that becoming a member of Risant Well being gives.”

As well as, Dr. Terry Gilliland will assume the position of president and CEO of Geisinger as soon as Ryu's transition to Risant Well being is full.

“Risant Well being and Geisinger share a imaginative and prescient for the way forward for healthcare,” stated Greg A. Adams, chairman of Risant Well being, within the press launch. “By Risant Well being, we are going to leverage our industry-leading experience and innovation to increase the nation's entry to high-quality and evidence-based healthcare, which we all know improves the standard of care and affected person and member expertise. We will even be taught and profit from Geisinger and the extra healthcare techniques that can develop into a part of Risant Well being sooner or later, to assist them develop in new methods, develop into extra inexpensive and convey value-based care to extra individuals.”

Nova Leap has entered right into a definitive settlement

On April 25, Nova Leap Well being Company signed a definitive settlement to buy a house well being care firm with operations in Massachusetts.

Nova Leap is a Canadian-based house well being care group that has been actively rising its presence within the US. The corporate has workplaces in Nova Scotia and 11 totally different US states.

Nova Leap's acquisition goal is 2023 annualized income of $800,000 and adjusted EBITDA of roughly $100,000.

As a part of the settlement, the acquisition will likely be made for a complete of $300,000.

“As acknowledged in my March 7 letter to shareholders, Nova Leap is effectively positioned to restart its acquisition program,” stated Chris Dobbin, president and CEO of Nova Leap, in a press assertion. “We’re happy to execute our first acquisition of 2024 in Massachusetts, a state the place we at present have a number of businesses and the place we see vital development potential sooner or later. We look ahead to working with an awesome group of individuals as we full the acquisition.”

Sunstone Companions injects development investments into Accuhealth

Personal fairness agency Sunstone Companions has invested in Accuhealth, a healthcare know-how firm providing distant affected person monitoring (RPM) and continual care administration (CCM) options.

“We’re happy to welcome Sunstone Companions as a strategic associate in our journey to redefine healthcare via innovation,” stated Stephen Samson, CEO and co-founder of Accuhealth, in a press assertion. “This funding marks a pivotal second for Accuhealth, permitting us to speed up our development trajectory and additional improve our RPM and CCM options. With the help of Sunstone Companions, we’re poised to drive better worth for our clients, entice high expertise and finally enhance affected person outcomes.”

Chris Schmaltz will be a part of Accuhealth as government chairman. Schmaltz beforehand served as Chief Worth-Primarily based Care Officer at Panoramic Well being and COO of Alignment Well being.

As well as, Jennifer Bahr, who beforehand served as CFO of Sunstone Companions, will assume the position of CFO at Accuhealth.

“We’re excited to associate with Stephen and the Accuhealth administration staff and to have Chris and Jeni be a part of the management staff,” Arneek Multani, managing associate and co-founder of Sunstone, stated within the assertion. “Whereas RPM and CCM should not new, we consider the adoption of those companies is accelerating. We look ahead to constructing an {industry} chief on this thrilling market.”

The Pennant Group buys senior residing firms

The Pennant Group Inc. (Nasdaq: PNTG) has acquired the actual property and operations of Capitol Hill Senior Dwelling and Southgate Senior Dwelling. Each firms are based mostly in Utah.

“We’re very excited to increase our senior housing portfolio into Utah. The acquisition of those senior residing communities will permit us to increase our companies throughout the continuum of care in a state the place we have already got vital energy in our present house well being and hospice settings in Utah,” stated Pennant CEO Brent Guerisoli, in a press convention. rack. “Moreover, this acquisition demonstrates the compelling win-win alternatives Pennant has to construct its actual property portfolio whereas including worth to native residents and communities.”

Eagle, Idaho-based Pennant is a holding firm of independently operated subsidiaries all through the U.S., with a community that features 104 house well being and hospice businesses and 53 senior residing communities.

As an organization, Pennant has all the time prioritized the expansion of house care. Lately, the corporate has made plenty of acquisitions on this sector, with a give attention to community-based house care businesses.

Viemed takes majority stake in HomeMed

Viemed Healthcare Inc. (Nasdaq: VMD), a supplier of respiratory care and residential medical system know-how, has entered right into a strategic partnership with East Alabama Well being, giving Viemed a controlling curiosity in HomeMed.

HomeMed is a supplier of house medical tools companies.

“We’re excited to hitch forces with the distinctive staff at East Alabama Well being to ship the perfect medical house companies to their sufferers and increase HomeMed's enterprise via the strategic partnership,” stated Casey Hoyt, CEO of Viemed, in a press launch . “This marks an essential milestone in our continued development technique, which incorporates hospital joint ventures and institutional partnerships. We view this transaction as a blueprint that may be replicated nationwide, bettering the standard of care whereas creating worth for healthcare techniques.”

The deal formally closed on April 1, 2024. East Alabama Well being may have a minority, non-controlling curiosity in HomeMed. Viemed expects annual income will increase from the acquired operations of roughly $4 million.