Home Health & Hospice Week

Mergers & Acquisitions:

Texas-Based Home Health Chain Makes Buy In Illinois

Plus: Two more veteran nonprofit hospices merge, this time in the Golden State.

Elara Caring has expanded its footprint in one of the 17 states it serves.

Dallas-based Elara has acquired American Family Home Health in Huntley, Ill. for undisclosed terms, the chain says in a release. Elara also recently added hospice services to its Tinley Park location in the same state, and bought Assisted Daily Living in Rhode Island, it adds.

Elara operates in Arkansas, Connecticut, Illinois, Indiana, Kansas, Louisiana, Maine, Massachusetts, Michigan, Missouri, New Hampshire, New Jersey, New York, Ohio, Oklahoma, Rhode Island, and Texas, according to its website. The company serves 60,000 patients through more than 200 locations, it says.

Other recent deals include:

In California: Two venerable nonprofit hospices in the San Francisco area are merging. By the Bay Health in Larkspur and Mission Hospice & Home Care in San Mateo expect to serve more than 1,000 patients per day once combined, they say in a release. “The changing landscape in healthcare puts mission-driven, not-for-profit hospices in California at risk,” Mission Hospice CEO Dolores Miller says in the release. “We look forward to serving even more people across the Bay Area through our joint organization.”

In Texas: Relative newcomer New Day Healthcare has acquired AdvantageCare Home Health based in Hughes Springs, it says on its website. “Starting from scratch, in the middle of a global pandemic, New Day has grown tremen­dously and now touches near 85,000 patients annually, with over 5,000 team members, in 5 states,” according to the website. Back in 2021, CIT Group announced it had arranged $55.5 million in financing for the company. G. Scott Herman, formerly CEO at Elara Caring, founded the company in 2020.

Also in Texas: Acadian Health has “expanded its healthcare services to key Texas markets, including Austin, Beaumont, Dallas, Fort Worth, Houston, and San Antonio,” the Lafayette, La.-based company says in a release. Acadian offers services ranging from Hospital at Home to hospice.

Also in California: Private equity firm the Halifax Group has purchased Comfort Keepers from its parent, Sodexo, the companies say in a release. It’s also acquired the Worldwide Home Care division’s other brands operating in seven other countries.

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