“We have witnessed an increased demand from patients to heal in the safety of their own home, fueled by COVID-19, which has solidified the value and future of in-home care service businesses,” Mark Thomas, co-founder and partner of M&A Healthcare Advisors, told McKnight’s Home Care Daily Pulse.
M&A advisor Michael Moran believes the watchdog group’s concerns are overblown. His firm M&A Healthcare Advisors helps home health and hospice agencies find buyers. He told McKnight’s Home Care Daily Pulse many private equity firms buy a majority stake in agencies and provide much needed capital to help the businesses survive and grow.
“Investors continue to see healthcare services companies as great places to put their money,” Andre Ulloa, partner with M&A Healthcare Advisors, told McKnight’s Home Care Daily Pulse. “In these volatile times, finding a point of certainty is extremely valuable.”
Andre Ulloa, partner with M&A Healthcare Advisors, told McKnight’s Home Care Daily Pulse in an email that Enhabit could be an attractive acquisition target for Aveanna. He said the home health and hospice company has been growing organically and has made no secret that it wants to accelerate growth through acquisitions.
“We had early success this year with two Medicaid-driven home care agencies in Texas,” Moran said. “I don’t know that there would have been as much interest if there wasn’t that push from a national level to support these companies and prop up these businesses.”
