Tag: Private Equity
Elevance Health partners with PE firm for ‘whole health’ approach
April 15, 2024HME News Staff
INDIANAPOLIS – Health insurer Elevance Health and private equity firm Clayton, Dubilier & Rice have formed a strategic partnership to bring together certain care delivery and enablement assets of Elevance Health’s business unit Carelon Health and CD&R’s portfolio companies aspree health and Millenium Physician Group.
The companies say the strategic partnership’s advanced primary care models take a whole health approach to address the physical, social and behavioral...
PE firm invests in Rebound Medical
April 9, 2024HME News Staff
DANBURY, Conn. – Private equity firm Castleford Capital has announced a growth investment in Rebound Medical Systems, a provider of DME to patients recovering from orthopedic and vascular surgical procedures. "We will use this new capital to invest in our team and drive growth in our service territories, which build upon our dedication to physicians and their patients,” said Todd Piatnik, founder of Rebound. “The entire Rebound team is excited by this new partnership. I am...
Best Life Brands has big plans for Next Day Access
April 5, 2024Liz Beaulieu, Editor
TROY, Mich. – Private equity-backed Best Life Brands, the new owner of Next Day Access, believes it has the track record to grow the company significantly in the next few years.
Best Life Brands, which is owned by The Riverside Company, has a portfolio of franchise companies that includes Blue Moon Estate Sales, an estate sales service that has grown from 25 to 125 locations since 2019.
“We strongly believe there are parallels between Next Day Access and Blue Moon...
Best Life Brands buys Next Day Access
March 25, 2024HME News Staff
TROY, Mich. – Best Life Brands, a private equity owned franchise organization with a portfolio of brands serving the senior care market, has acquired Next Day Access, a provider of residential and commercial home access solutions across the United States and Canada.
By combining Next Day Access' operational excellence with Best Life Brands' extensive network and resources, including the support of Best Life Brands’ private equity owner, The Riverside Company, the companies...
Report: PE-backed companies bad for patients
November 16, 2023HME News Staff
WASHINGTON – A new report from the Private Equity Stakeholder Project and the National Disability Rights Network highlights the toll the PE business model has had on people who rely on durable medical equipment.
The report finds:
Private equity firms have increasingly bought up DME manufacturers and suppliers and consolidated them. Through aggressive debt-funded growth strategies, a handful of private equity-owned DME companies have grown from nonexistence to industry...
Green Prosthetics sells to Mobility Ideal Health Care
January 26, 2023HME News Staff
DALLAS – Generational Equity has announced that its client Green Prosthetics and Orthotics has sold to Mobility Ideal Health Care. "This was a deal where all the stars aligned perfectly,” Faraaz Ali, senior M&A advisor for Generational Equity. “Our client was a niche custom fabricator of prosthetic and orthotic devices that checked all of the investment criteria boxes of a strategic acquisition party that was consolidating in this space. Outside of the mutually beneficial structure...
PE firm invests in SG Homecare
June 17, 2022HME News Staff
BOSTON – Sverica Capital Management, a private equity investment firm, has made a strategic investment in SG Homecare, a Tustin, Calif.-based provider of DMEPOS to patients throughout the state.
SG specializes in using capitated contracts, serving a wide range of payers and risk-bearing provider groups, acting as a value-added partner to these organizations as they seek to provide high-quality care for their home-based populations.
“After an exhaustive search for the...
PE firm recaps StateServ Medical
November 22, 2021HME News Staff
NEW YORK – WindRose Health Investors, a New York-based private equity firm, has completed the recapitalization of StateServ Medical, a provider of DME benefit management solutions to the post-acute care market. WindRose partnered with StateServ’s executive team to recapitalize the business and to provide additional capital to support future growth, accelerating the next phase of the company’s expansion. "We are excited to partner with WindRose as StateServ enters its next phase...
AdaptHealth adds director to board
October 4, 2021HME News Staff
PLYMOUTH MEETING, Pa. – AdaptHealth has appointed Greg Belinfanti to the company’s board of directors. Belinfanti is a senior managing director of One Equity Partners and will serve as the private equity firm’s designee on the board. “We appreciate OEP’s continued support and welcome Greg to the board of directors,” said Richard Barasch, chairman of the board. Belinfanti currently serves on the boards of Restorix Health and Ernest Health, and formerly served on...
Humana buys another home care provider
June 15, 2021HME News Staff
LOUISVILLE, Ky. – Humana has signed a definitive agreement to acquire onehome, a provider of a variety of home-based services, from WayPoint Capital Partners.
onehome has been operating a value-based model in Florida and Texas, and has served Humana members since 2015.
“At Humana, we are implementing a strategy to build a new value-based home health model that will improve patient outcomes, increase satisfaction for patients and providers, and provide greater value for...