Transactions: Assist at house to purchase Helpmates; Prime Dwelling Well being acquires VNASI property
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Assist at Dwelling has agreed to accumulate Helpmates from Penn Highlands Healthcare, a private care supplier.
The deal was introduced on October 17 and can shut on or round December 9, pending authorities approval.
“The acquisition of Helpmates permits our healthcare system to pay attention and develop Healthcare at Dwelling's core companies, together with house care and hospice,” mentioned Cheryl Mitchell, Penn Highlands Healthcare at Dwelling service line chief, in a press release. “Assist at Dwelling's values are similar to these of Penn Highlands Healthcare, and we’re assured that our clients will proceed to obtain the identical excessive degree of service.”
This acquisition applies solely to Helpmates Inc. Penn Highlands Healthcare maintains and is dedicated to increasing the well being care system's house well being and hospice companies.
Helpmates staff have the chance to work at Assist at Dwelling or at Penn Highlands Healthcare.
Prime Dwelling Well being Companies acquires Visiting Nurse Affiliation of Staten Island (VNASI).
Prime Dwelling Well being Companies, a Brooklyn-based house well being company, has acquired the property of the Visiting Nurse Affiliation of Staten Island (VNASI), which not too long ago ceased operations after greater than a century of serving the neighborhood.
“That operation has been discontinued and Prime will do our greatest to proceed to serve the neighborhood by utilizing and recognizing the identify and the way it resonates,” Christopher Doulos, CEO of Prime Dwelling Well being Companies, mentioned in a press release.
VNASI was closed on September 27. VNASI employees and sufferers got 30 days' discover. Sufferers have been transferred to different services and employees have been provided severance pay primarily based on years of service.
Central Illinois Care Companies (CICS) offered to Avid Well being at Dwelling
Fairview Heights-based Central Illinois Care Companies (CICS) has been offered to Avid Well being at Dwelling.
“Avid Well being at Dwelling is a perfect companion for CICS,” mentioned CICS CEO and proprietor Mark Bremerkamp in a press launch. “Their presence in Northern Illinois, mixed with our areas in Central Illinois, will permit the corporate to supply companies to an ever-growing group of individuals in want. We imagine the 2 corporations collectively will grow to be the biggest supplier within the state.”
CICS supplies shoppers with private care and different each day dwelling help at house or in services in 40 Illinois counties.
Chicago-based Avid Well being at House is backed by Havencrest Capital Administration and has house care areas throughout the nation within the Midwest and North Carolina.
Nova Leap Well being Company pronounces growth into Florida
Nova Leap Well being Company introduced Oct. 11 a definitive settlement to accumulate the property of a Florida-based house well being companies firm.
Underneath the settlement, the acquisition might be made for a complete consideration of $4,636,000.
“As said in earlier communications with shareholders, we’ve been actively pursuing acquisition alternatives since we restarted our M&A program,” Chris Dobbin, president and CEO of Nova Leap, mentioned in a press release. “We now have been searching for alternatives in Florida for a while, given the long-term prospects for the market. We look ahead to supporting the present administration workforce, a proficient group that has been profitable in rising this company.”
Canada-based Nova Leap is seeking to broaden its house care enterprise within the US. The acquisition is a non-arm's size transaction below TSX Enterprise Alternate (TSXV) coverage as Anne Whelan, a director of Nova Leap, controls the provider.
Completion of the acquisition is topic to satisfaction of sure circumstances, together with TSXV approval, lender approval and state licensing.
The closing is anticipated to happen in November.
BlockQuarry Company Expands Healthcare Footprint with AI Acquisitions
BlockQuarry Company introduced on October 8 the acquisition of Telecare Dwelling Well being LLC and Paradigm Dwelling Well being LLC, two established house well being care corporations. This transfer strengthens BlockQuarry's rising presence within the healthcare sector and expands its capabilities to ship synthetic intelligence (AI). -driven innovation and bettering affected person outcomes by scientific trials and real-world knowledge analytics, the corporate mentioned.
“These acquisitions are essential steps in our long-term imaginative and prescient to strengthen BlockQuarry's place as an innovator in healthcare options,” BlockQuarry Company Chairman and President Alonzo Pierce mentioned in a press launch. “By combining our AI experience with the capabilities of Telecare and Paradigm, we’re accelerating scientific trial improvement and reshaping affected person care.”
The acquisitions present a robust basis for future progress, permitting BlockQuarry to scale its service providing and discover extra healthcare knowledge analytics alternatives.
“Our integration of AI into healthcare won’t solely enhance the effectivity of scientific trials, but in addition assist handle crucial gaps in affected person care,” mentioned Pierce. “It is a pivotal second for BlockQuarry as we enter this new chapter with full pressure.”
HHAeXchange acquires Sandata Applied sciences
HHAeXchange introduced on October 3 that it has acquired Sandata.
“We’re excited to affix forces with Sandata, who shares our dedication to empowering house healthcare stakeholders to ship the best high quality of care to their members,” Paul Joiner, CEO of HHAeXchange, mentioned in a press release. “This acquisition additional demonstrates our dedication to investing in and elevating the bar for our clients as we lead the transformation of an business that deserves the most effective expertise and a superior expertise. We are going to leverage our in depth platform to innovate with states and well being plans to allow suppliers and higher well being outcomes. By doing this, we’ll additional strengthen the devoted healthcare suppliers who’re on the coronary heart of our sector.”
HHAeXchange's acquisition of Sandata builds on the corporate's latest strategic acquisitions of Cashè and Generations. Collectively, these investments assist HHAeXchange's continued progress in its mission to allow caregivers, households, caregivers and payers to ship the most effective care within the house.
“Sandata has been dedicated for many years to making sure suppliers and payers can work collectively seamlessly to extend compliance, enhance effectivity and ship high-quality care,” Emmet O'Gara, CEO of Sandata, mentioned in a declaration. “Becoming a member of HHAeXchange reinforces our dedication and represents an thrilling new chapter for Sandata, positioning the brand new mixed firm for continued progress and innovation by rising the worth we are able to ship to our clients.”
The monetary phrases of the transaction weren’t disclosed.
Joiner will lead the mixed firm.