Trends Update: Home Care Trend Number 1 – Private Equity and Industry Consolidation

Stephen Tweed | August 11, 2023 | Research & Trends
Private Equity and Industry Consolidation are shaping the landscape of home care. We have observed major changes in home care over the past five years as private equity and venture capital firms have entered our industry and acquired software companies, home care franchise organizations, and large independent home care companies.  This is shifting the nature…
Trends Update
  1. Private Equity and Industry Consolidation are shaping the landscape of home care. We have observed major changes in home care over the past five years as private equity and venture capital firms have entered our industry and acquired software companies, home care franchise organizations, and large independent home care companies.  This is shifting the nature of competition in many local markets.

All of our research at Leading Home Care, and our work monitoring the forces and trends that are shaping the future of home care, suggest that this is the leading change that will affect your future as an owner or CEO of a top tier home care company.

Updates on The Trend 

Here is a list of the latest news bulletins and information on this industry trend.

DALLASAug. 10, 2023 /PRNewswire/ — Havencrest Capital Management (“Havencrest”), a Dallas-based healthcare private equity firm, is pleased to announce the formation of its non-medical home care platform, Avid Health at Home (“Avid” or the “Company”) in connection with its first acquisition of Chicago-based For Papa’s Sake Home Care (“FPS”). 

Founded in 2011 and headquartered in Arlington Heights, Illinois, FPS is a leading provider of non-medical home care in the greater Chicago area. FPS has received multiple awards and accolades for excellence over the years, including being named the #1 agency in North America by Home Care Pulse in 2022, and Havencrest Operating Partner Jen Lentz is the CEO of the Avid platform.

For Papa’s Sake was represented in this transaction by the Mergers and Acquisitions advisory firm, Mertz Taggart.

 

 

 

Fort Myers, FL, June 23, 2023 /Mertz Taggart 

  • Amedisys is merging with Option Care Health (Nasdaq: OPCH) in an all-stock deal. The transaction values AMED at $3.6B and AMED stockholders will receive 3.0213 shares of OPCH for each share of AMED. That’s equal to $97.38 per AMED share based on OPCH’s 5/2 closing price.

  • Amedisys completed the divestiture of their Personal Care business effective 3/31/2023 (sold to HouseWorks for $50M)

Source:  Mertz Taggart  

 

Stephen Tweed
Stephen Tweed is among the top Thought Leaders in Home Care today. As an industry researcher, author, and executive coach, he has worked with owners and CEOs of companies in the top 5% of Home Care and is a frequent speaker at Home Care association conferences and corporate meetings across the US and Canada.

Related Posts

Making Noise in the Home Care Marketplace

May 29, 2025
Where do you go to get new insights into growing your Home Care business?As a professional speaker, author, and strategic advisor to Home Care CEOs, my go-to place for learning is The National Speakers Association. NSA is a society of experts who earn all or a portion of their living speaking professionally.I've belonged to NSA for…

Visioneering Home Care

May 22, 2025
The other day, I signed an agreement to speak for the annual meeting of a large Home Care franchise organization. I've spoken for them several times in the past and I'm looking forward to being back.One of the topics they asked me to present is "Visioneering Home Care." This is a discussion about how leaders can craft…

It’s OK to Take Care of Yourself

May 15, 2025
This past Sunday, Mother's Day, we were in church at our home church, Southeast Christian in Louisville, KY. Our senior pastor, Kyle Idleman, opened his message with these words:"Taking Care of Yourself is NOT being Selfish."He then went to tell about being on a recent airplane flight, and sitting behind a young mother and her…