Home-based care deals are slowing

The home-based care M&A sector experienced a sluggish third quarter in 2023, marked by just 18 reported deals, according to a Nov. 7 report from investment bank Mertz Taggart. 

According to the report, the hospice sector saw a mere two transactions in the third quarter, while skilled home health experienced only four, setting a new record low for both.

The report also found that there is a strong demand for small- to mid-sized home health agencies.

In the third quarter, notable home health transactions included:

  1. New Day Healthcare's purchase of Advantage Care Home Health

  2. Amber Personal Care's acquisition of Healing Hearts Home Health

  3. Salt Lake City-based Intermountain Health's acquisition of Advent Home Health

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