July 16, 2015 – New cartoon posted below
Quote of the Week: “We believe transaction prices will start to come down in the next couple of years. We think the opportunities in the market are going to be really good in the next two to three years. Paul Kusserow, CEO, Amedisys
Below: Joe Lynch, Ben Bogan and Brian Bruenderman, our Stoneridge Partners meet at the recent NAHC Financial Conference in Nashville
MORE AGENCIES AND HOSPICES SOLD!
Louisville, Kentucky: Kindred Healthcare divested their Gentiva and Kindred home health agencies in Utah. Benjamin Bogan and Brian Bruenderman, two of our partners, provided sell-side advisory services.
Cherry Hill, New Jersey: Lighthouse Hospice, Inc. sold to a regional hospice provider. Congratulations to Elaine Ashby for building such a fine business. Bran Bruenderman, one of our partners, provided sell-side advisory services.
Phoenix, Arizona: Good Life Home Care, a Medicare certified home care agency, sold to a regional health care provider. Ben Bogan, one of our partners, provided sell-side advisory services.
Providence, Utah: Access Home Care & Hospice sold to a regional healthcare provider. Stoneridge Partners provided sell-side advisory services.
Chicago, Illinois: Home Health & Hospice of Illinois, a large Medicare home health agency and hospice sold to a regional home care provider. Stoneridge Partners provided sell-side advisory services.
Springfield, Virginia: Americare In Home Nursing, Inc., a leading Medicare-certified provider of skilled home health nursing and therapy services, with agencies in Springfield, VA, Ft. Washington, MD, and Washington, DC, sold to a regional home care provider. Brian Bruenderman, one of our partners, provided sell-side advisory services.
Tamarac, Florida: Alternative Home Health Care has acquired Senior Health Care Services, Inc. (SHS), a Vi-affliiated homecare provider with six locations throughout southeast Florida. Senior Health Care Services operates in the Aventura, Hollywood, Tamarac, Pompano, Boca Raton, and Lantana areas. Stoneridge Partners provided sell-side advisory services.
Downers Grove, Illinois: Addus HomeCare Corporation announced that the Company has acquired Priority Home Health Care, Inc. Headquartered in Cleveland, Ohio, Priority operates six offices in the Cleveland, Akron and Columbus areas, which are expected to produce revenues of approximately $11 million for the year ended December 31, 2014. Brian Bruenderman, one of our partners, provided sell-side advisory services.
St Louis, Missouri: Epic Health Services, Inc., a Dallas-based leading provider of home health care services, and Nurses to Go, LLC, a prominent provider of pediatric and adult private duty and home health care services in Missouri, have announced the closing of a definitive agreement under which Epic Health Services has acquired Nurses to Go. Stoneridge Partners provided sell-side advisory services.
Ft. Worth, Texas: Covenant Hospice and Palliative Care merged with a national hospice provider. Stoneridge Partners provided sell-side advisory services.
MORE SALES: To view additional transactions go to the tab “Comp Transactions” on our web site.
VISIT US AT THESE CONFERENCES:
Florida: Join us July 26-30 in Orlando for HCAFs 26th annual conference and trade show, where we will be exhibiting our booth. We will also be giving our presentation titled “Massive Mergers & Acquisitions….What does it mean to you”. Join us for this entertaining and fun presentation. HCAF Annual Conference
Texas: Join us for a great time August 12 -13 in Galveston for TAHC’s 46th Annual Meeting…..and meet Joe Lynch, one of our partners who has recently opened our new Dallas office. TAHC Annual Conference.
NAHC Annual: Join us in Nashville October 28-30. For the 12th straight year we will be exhibiting at NAHCs Annual Conference & Exhbition. NAHC Annual Conference
At all of these conferences we will be displaying our booth and setting up confidential meetings with buyers and sellers of home care agencies and hospices.
WE JUST RETURNED FROM:
NAHC Financial Annual Conference June 28-30th in Nashville. NAHC Financial. This was a well attended conference with several high quality presentations.
Southwest/Gulfcoast Regional Home Care & Hospice Conference. New Orleans, June 2 – 3rd. On June 3rd at 2:45 pm we will be giving a presentation and update on the state of Home Care & Hospice M&A……and meet Joe Lynch, one of our partners who has recently opened our new Dallas office Southwest/Gulfcoast Conference.
Arlington, Virginia: ANCOR’s 2015 annual Conference, ANCOR, The American Network of Community Options, is a national non-profit trade association representing more than 800 private community providers of services to people with disabilities. Combined they serve over 400,000 individuals with disabilities. ANCOR 2015 conference
Raleigh-Durham, NC, April 27th – 29th for the Association for Home & Hospice Care of North Carolina’s Annual conference, where Brian Bruenderman and Ben Bogan, two of our partners, gave their always popular presentation on “Building the Value of a Homecare or Hospice. AHHC of NC
Washington, DC, April 30 – May 2 for the National Hospice & Palliative Care Organization’s (NHPCO) 30th Management and Leadership Conference. NHPCO Conference.
If you are even considering a sale, give us a call for a confidential conversation.
WEBINAR: On a regular basis we give a presentation on our process for selling an agency or hospice to individual business owners through “gotomeeting.com”. Give us a call to schedule yours.
HOME HEALTH INDEX:
Check out our web feature, a tab on our front page titled Home Health Index. We have indexed the stock prices of the three major public Medicare companies. We think you will find the results interesting.….[/vc_column_text][vc_column_text]