LiveWell Companions lately acquired Hope House Care, an Ohio-based residence care supplier. The deal is one in all a number of accomplished in latest weeks and displays a strengthened M&A local weather in residence care.

The transaction will allow LiveWell Companions to broaden its presence in Ohio, which is a market key to the corporate's development technique.

“If you concentrate on Ohio, that is actually the outer fringe of what we're strategically specializing in for our geographic attain,” Jason Growe, CEO of LiveWell Companions, advised House Well being Care Information. “You have got a number of metropolitan areas that basically match the traits of a geography that we’d give attention to. It’s a mid-to-large market with a powerful base of Medicare-eligible beneficiaries with a medical base that we imagine we are able to appeal to to our platform.”

LiveWell Companions is a house well being care firm headquartered in St. Louis. The corporate at present operates in St. Louis, Kansas Metropolis, Wichita, Kansas, Detroit and Cincinnati. So far, the corporate has accomplished 5 transactions.

Finally, Hope House Care is a Medicare-certified residence well being care supplier primarily based in Miamisburg, Ohio. The corporate additionally offers emergency companies, bodily remedy, occupational remedy, speech remedy and medical social work.

Growe defined that LiveWell Companions was instantly fascinated about buying Hope House Care.

“First, there was not solely the nice staff that Hope Mullikin has constructed at its facility, but additionally the dedication to high quality that she has demonstrated via excessive star rankings, optimistic affected person suggestions and nice worker experiences,” he stated.

One other factor that drew LiveWell Companions to Hope House Care was the latter's success with Managed Medicaid sufferers.

“The standard assurance they’ve demonstrated has allowed them to barter extra favorable non-Medicare contracts, particularly in Ohio's managed Medicaid market,” Growe stated.

Growe famous that LiveWell Companions needs to embrace payer flexibility.

Finally, LiveWell Companions is concentrated on bettering medical outcomes, and that is the driving pressure behind lots of the firm's transactions.

“High quality medical outcomes are vital to our work,” stated Growe. “After we have a look at businesses we wish to companion with and deploy on our platform, that's one of many first issues we have a look at. Hope House Care units the bar effectively, and we’re very enthusiastic about working with them.”