Tag: M&A & Investment

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-Seaside Healthcare | North Carolina Services Expanding – Strategic Interventions Acquired by Seaside Healthcare

North Carolina Services Expanding – Strategic Interventions Acquired by Seaside Healthcare

SHREVEPORT, LA:  Seaside Healthcare, a behavioral healthcare service corporation headquartered in Shreveport, Louisiana, has acquired the North Carolina mental health service company, Strategic Interventions,  Inc. adding the multi county organization to the growing Seaside Healthcare family of behavioral health and substance use programs serving communities across Louisiana, North Carolina, Georgia, and Texas. The acquisition became effective November 1, 2019. Franklin Roemer, CEO and co-founder of Seaside Healthcare announced the corporation’s expansion in North Carolina, “Seaside Healthcare’s ability to further provide high quality and vital mental health services to an even greater number of families in North Carolina has been further enhanced by our acquisition of Strategic Interventions. Their multi-county clinic locations and the proven services they provide fit well with Seaside Healthcare’s approach to delivering accessible, high quality, patient & family centric, community-based mental health and substance use treatment services.”
Donna Duggins, MBA, who joined Strategic Interventions in 2010, will serve as Executive Director of Strategic Interventions. She has 25 years experience working in the Mental Health field in various capacities and holds a Degree in Psychology and an MBA. Duggins commented on becoming a member of the Seaside Healthcare family, “Being part of Seaside Healthcare brings with it a greater pool of resources and organizational strengths. Our ability to provide an even higher level of mental health services to the people of the counties we serve will be greatly enhanced as a result. This is a most positive change for Strategic Interventions and to the families who come to us for help.”
As the newest member of the growing Seaside Healthcare family, Strategic Interventions will now share in Seaside’s focus of providing evidence-based treatment services that are compliant with all state and national regulations for mental healthcare delivery. Seaside’s goal is to provide community-based treatment in the least restrictive environment for patients and their families. As a large deliverer of mental health services in Louisiana, Georgia, Texas, and North Carolina, Seaside has the resources to continue meeting the needs of the people it serves across its growing network of providers.
Strategic Interventions is headquartered in Marion, North Carolina and provides community mental health services in Yadkinville, Morganton, Greensboro, Warrenton and Marion. In these locations, Strategic Interventions provides Assertive Community Treatment Teams, (ACTT), to help those with serious mental illness obtain adequate care in their communities, and to live a life not dominated by their mental illness. Using a team approach that consists of psychiatrist, nurses, mental health professionals, employment specialists, and substance use specialists, a very personalized level of care is available to patients in their homes 24 hours a day, 7 days a week. ACTT helps individuals with medication management, locating housing, findind educational opportunities or jobs, among other basic needs.
In addition to ACTT services, Strategic Interventions provides a Psychosocial Rehabilitation (PSR) program. The PSR Program helps mental health patients improve the quality of their life through skill development assistance, pre-vocational training, supported employment, supportive rehabilitation counseling, skills teaching & practice, resource development, and peer support. The objective of PSR is to maximize the persons ability to function in all aspects of their lives.
Roemer commented on the expanding service network of the Seaside Healthcare family, “Seaside Healthcare’s strong model for patient first care as initially developed in Louisiana then expanded into North Carolina, Georgia and Texas serves as the foundation for our expansion of services in North Carolina as we move to help even more people in their own communities. Seaside Healthcare is most pleased to welcome Strategic Interventions into the Seaside family.
Seaside Healthcare is a dynamic and growing organization that is currently expanding its mental healthcare delivery system across the south through acquisitions and new site and program development. More information on Seaside Healthcare can be found through their website at www.seasidehc.com. Questions concerning program development or acquisition referrals can be made to Patrick Doyal, VP of Development at pd****@*******hc.com. More information on Strategic Interventions can be obtained by contacting their corporate office at 828-655-3105. 
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The Stepping Stones Group Acquires New England ABA, Inc.

MM 1 Sentence Summary- BH provider, Stepping Stones Group, acquires New England ABA and they will integrate existing execs from both companies.

The Stepping Stones Group Acquires New England ABA, Inc.

News provided by
Sep 23, 2019, 17:57 ET
BOSTON, Sept. 23, 2019 /PRNewswire/ — The Stepping Stones Group (Stepping Stones), a leading national provider of therapeutic and behavioral health services to children with special needs and autism, today announced the acquisition of New England ABA, Inc., a Massachusetts based provider of in-home and community-based Applied Behavioral Analysis (ABA) therapy.
New England ABA, Inc will operate as a subsidiary of The Stepping Stones Group and continue to do business under its current name. Tim Sullivan, New England ABA’s co-founder and Chief Executive Officer/Executive Director will assume the role of Executive Director of the subsidiary and will report to Mike McGreal, Chief Corporate Development Officer of The Stepping Stones Group.  In addition to Tim Sullivan, we are pleased to announce Ben Sullivan, New England ABA’s co-founder and Chief Financial Officer/Director of Operations will also join The Stepping Stones Group as the Director of Finance and Operations reporting directly to Tim Sullivan, with a dotted reporting line to Karen Ospalik, Chief Financial Officer of The Stepping Stones Group.
“We are excited to join with New England ABA, which represents our inaugural expansion into home and community-based autism services.  This acquisition enhances our ability to positively impact the lives of children beyond our current delivery of care in the K-12 setting.  Tim Sullivan and his team have grown a leading Autism Services Provider in Massachusetts over the past 4 years and we are thrilled to have them join our team,” said Tim Murphy, the Chief Executive Officer of The Stepping Stones Group.
“By joining The Stepping Stones Group, New England ABA has found a like-minded partner to live out our mission to change lives, one family at a time with a focus on clinical and operational excellence.  I am confident that The Stepping Stones Group’s national footprint and clinical and operational capabilities will propel New England to even higher levels of success,” said Tim Sullivan, CEO of New England ABA.
Stepping Stones is a portfolio company of Five Arrows Capital Partners, the North American corporate private equity business of Rothschild & Co Merchant Banking.
“Five Arrows Capital Partners is pleased to continue to support The Stepping Stones Group’s management team as they expand the company’s service offerings into new settings broadening the national footprint.  The acquisition of New England ABA represents the execution of our articulated vision to expand The Stepping Stones service delivery model to the community,” stated Michael Langer, Managing Director of Five Arrows Capital Partners.
Provident Healthcare Partners, LLC acted as investment banking advisor for New England ABA.
About The Stepping Stones Group
The Stepping Stones Group is the leading provider of therapy and behavioral health services to children including those with special needs and autism.  With the acquisition of New England ABA, Inc., the company now serves over 450 school districts and 105,000 students annually across over 30 states.  With over 30 years of experience, our team consists of over 2,100 licensed clinicians and special educators dedicated to delivering high-quality therapeutic and behavioral health services.  The company is privately held by Five Arrows Capital Partners, the North American corporate private equity business of Rothschild & Co Merchant Banking. For more information about the company, please visithttps://thesteppingstonesgroup.com/.
About New England ABA, Inc.
Founded in 2015, New England ABA, Inc. has been providing home and community based Applied Behavioral Analysis (ABA) therapy services to children and adolescents with Autism.  For more information on New England ABA, please visit www.ne-aba.com/
About Five Arrows Capital Partners
Five Arrows Capital Partners (FACP) is the North American corporate private equity business of Rothschild & Co. Merchant Banking (RMB), the investment arm of Rothschild & Co. With offices in London, Paris, Luxembourg, New York and Los Angeles, RMB has over $12 billion of assets under management. Like RMB’s European corporate private equity business, Five Arrows Capital Partners is focused on investing in middle market companies with highly defensible market positions, business models with a proven history of generating attractive returns on invested capital across economic cycles and multiple untapped levers for value creation. Sector focus of FACP is on healthcare; business services; and data, software & technology-enabled services. For more information, please visit https://www.rothschildandco.com/en/merchant-banking/corporate-private-equity/.
SOURCE The Stepping Stones Group

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-4 Arkansas behavioral health providers plan merger to form Arisa Health – Talk Business & Politics


4 Arkansas behavioral health providers plan merger to form Arisa Health

by Talk Business & Politics staff (st****@**********ss.net) October 30, 2019 7:01 pm 1,459 views

Four Arkansas-based behavioral health providers announced Wednesday (Oct. 30) they have signed a Letter of Intent to form one integrated behavioral health system.
Arisa Health, a nonprofit organization, will bring together the professional staff and services of Conway-based Counseling Associates, Mid-South Health Systems of Jonesboro, Ozark Guidance of Springdale and Professional Counseling Associates of North Little Rock.  In total, Arisa Health will have locations in 41 counties throughout the northern half of Arkansas. A list of locations is available at this link.
Dr. Laura H. Tyler, CEO of Ozark Guidance, has been selected to lead the new organization “because of her experience, knowledge and reputation within the industry,” according to a news release.
Arisa Health will be headquartered at what is now the main Ozark Guidance office at 2400 S. 48th Street in Springdale. After the merger, the new company will have 1,275 employees.
“This merging of missions will ensure better outcomes for clients, families and the communities we serve and allow for greater efficiency in the delivery of behavioral health services,” Tyler said in a statement. “Our core commitment is to utilize innovative approaches in the provision of comprehensive, integrated behavioral health care services.”
In the release, Tyler said each individual organization’s governing board approved the Letter of Intent because they share a similar mission and support the universal benefits to clients, families and communities that come from combining resources. Such benefits include ensuring access to community-based comprehensive behavioral health care services, sharing of ideas and innovative best practices, economies of scale, and a financially stronger and increasingly sustainable organization.
“Together the four organizations have locations in more than half of the counties in Arkansas and the strength of Arisa Health will allow us to transform the delivery of behavioral healthcare in Arkansas,” Tyler said. “We will offer a safe and secure professional environment where clients are offered individualized care and services.”
Tyler said employees will enjoy greater collaboration with a larger pool of professional peers across the network, and that leadership is working hard to ensure a seamless transfer of operations and integration of workforce through the merger process.
The merger, according to the release, is expected to be finalized in early 2020. Providers will begin doing business as Arisa Health at that time.

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[Updated] Walmart Health, Amedisys Partner to Expand Home Health Access Nationwide – Home Health Care News

MM 1 Sentence Summary- Walmart and Amedisys partner up and Amedisys will have kiosk in location that explains home health services it provides to patients. 


Walmart Health, Amedisys Partner to Expand Home Health Access Nationwide

September 19, 2019
Amedisys Inc. (Nasdaq: AMED) and Walmart (NYSE: WMT) have entered into a new partnership to expand home health care access nationwide, according to an analyst report from William Blair.
The global investment and wealth management firm has learned that Baton Rouge, Louisiana-based Amedisys is part of the retail giant’s new health care initiative, dubbed “Walmart Health.”
The news comes after Walmart announced its health care push earlier this month. The goal is to provide services from clinic-based primary care and counseling to home-based care and dentistry at a reduced cost, Walmart’s president of health and wellness Sean Slovenski previously told Business Insider.
Already, Walmart has opened its first 10,000 square-foot health center in Dallas, Georgia. The location is adjacent to a Walmart store there.
“We are testing a variety of services with partners in our Walmart Health prototype in Dallas, Georgia,” a Walmart spokesperson told Home Health Care News. “Among them is home health, hospice and personal care, so if a customer has questions or needs information, they can discuss with the on-site partner, Amedisys.”
William Blair analyst Matt Larew provided more details in his Wednesday report. The prototype clinic features an Amedisys kiosk, which is designed to help educate customers and potential patients on the home health services it provides, he wrote.
On top of that — and maybe even more importantly — Amedisys is a care coordination partner and preferred provider for the Walmart Health initiative, according to the report.
“If Walmart Health is successful in redirecting patient flow from the primary care algorithm into its locations, or driving additional patient interactions by providing more convenient access points, Amedisys stands to benefit from any home health referrals generated,” Larew wrote.
That benefit is potentially massive: About 90% of the U.S. population lives within 10 miles of a Walmart, and more than half of the population shops in Walmart weekly. Plus, the company plans to open as many as 200 more health clinic locations over the next several years, the report says.
Specifically, if pilots of the model are successful, Walmart intends to deepen its health presence in Georgia and expand elsewhere in the country.
“In addition, Walmart is the largest self-insured employer in the country,” Larew wrote. “So the disruptive potential of Walmart (and its partners) in health care, in our view, remains vastly underappreciated.”
While the specifics of the partnership are new, those following the retail giant’s health push may have seen the writing on the wall. Last week, Slovenski told Business Insider he was especially interested in partnering with outside companies to provide behavioral health, telemedicine and in-home care services.
“We see these as being a crown jewel of what we want to accomplish in the physical world, in the home, and in the virtual world as well,” Slovenski said.
Amedisys has been making partnership news all summer: In July, the publicly traded home health behemoth struck an agreement with technology company ClearCare Inc. The deal allows Amedisys to partner with personal care companies nationwide to supplement its services without having to acquire new targets.
To date, Amedisys is partnering with more than 700 home care agencies representing 80,000 caregivers nationwide, CEO and President Paul Kusserow told attendees Wednesday at HHCN’s annual summit.
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-Addus HomeCare Completes Purchase Of Hospice Partners Of America | Addus HomeCare


Addus HomeCare Completes Purchase Of Hospice Partners Of America

October 1, 2019 at 7:00 AM EDT
Transaction Adds Hospice Services through 21 Locations Across Six States, Producing Annualized Revenue of Approximately $55 Million 
FRISCO, Texas, Oct. 1, 2019 /PRNewswire/ — Addus HomeCare Corporation (NASDAQ: ADUS), a provider of comprehensive home care services, today announced that it has completed the purchase of Hospice Partners of America, LLC, a multi-state provider of hospice services headquartered in Birmingham, Alabama, for a cash purchase price of $130.0 million, representing $118.4 million of value, net of the present value of $11.6 million of estimated tax benefits.  Hospice Partners of America currently serves an average daily census of approximately 1,000 patients through 21 locations across Idaho, Kansas, Missouri, Oregon, Texas and Virginia with annualized revenue of approximately $55.0 million.  Addus funded the acquisition with proceeds from the Company’s recent stock offering completed on September 9, 2019.
Dirk Allison, President and Chief Executive Officer of Addus, commented, “We are very pleased to complete the purchase of Hospice Partners of America, an established provider of hospice services in multiple states.  This acquisition represents a significant step in our strategy to add hospice services in markets where we already have a personal care presence and also provides a key strategic entry into the Texas market.  We are delighted to welcome the experienced management team and clinical staff of Hospice Partners of America to the Addus family and we look forward to a smooth integration of our operations. 
“We expect this transaction to be immediately accretive to our 2019 financial results.  This is our fourth completed acquisition for 2019 and brings our total acquired annualized revenues to approximately $130.0 million to date.  We commend the hard work of our team, which has led to the continued success of our acquisition strategy, and we are excited about the additional opportunities within our acquisition pipeline.  We remain focused on expanding our market presence and enhancing our home care services offering, as we work to reach more consumers and create greater value for our shareholders,” added Allison.
Forward-Looking Statements
Certain matters discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may be identified by words such as “continue,” “expect,” and similar expressions. These forward-looking statements are based on our current expectations and beliefs concerning future developments and their potential effect on us. Forward-looking statements involve a number of risks and uncertainties that may cause actual results to differ materially from those expressed or implied by such forward-looking statements, including discretionary determinations by government officials, the consummation and integration of acquisitions, anticipated transition to managed care providers, our ability to successfully execute our growth strategy, unexpected increases in SG&A and other expenses, expected benefits and unexpected costs of acquisitions and dispositions, management plans related to dispositions, the possibility that expected benefits may not materialize as expected, the failure of the business to perform as expected, changes in reimbursement, changes in government regulations, changes in Addus HomeCare’s relationships with referral sources, increased competition for Addus HomeCare’s services, changes in the interpretation of government regulations, the uncertainty regarding the outcome of discussions with managed care organizations, changes in tax rates, the impact of adverse weather, higher than anticipated costs, lower than anticipated cost savings, estimation inaccuracies in future revenues, margins, earnings and growth, whether any anticipated receipt of payments will materialize and other risks set forth in the Risk Factors section in Addus HomeCare’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on March 15, 2019, and our other filings with the SEC, including our prospectus supplement, filed on September 5, 2019, which is available at www.sec.gov. Addus HomeCare undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In addition, these forward-looking statements necessarily depend upon assumptions, estimates and dates that may be incorrect or imprecise and involve known and unknown risks, uncertainties and other factors. Accordingly, any forward-looking statements included in this press release do not purport to be predictions of future events or circumstances and may not be realized.
About Addus
Addus is a provider of comprehensive home care services that include, primarily, personal care services that assist with activities of daily living, as well as hospice and home health services. Addus’ consumers are primarily persons who, without these services, are at risk of hospitalization or institutionalization, such as the elderly, chronically ill and disabled. Addus’ payor clients include federal, state and local governmental agencies, managed care organizations, commercial insurers and private individuals. Addus currently provides home care services to approximately 42,000 consumers through 186 locations across 26 states.  For more information, please visit www.addus.com.
SOURCE Addus HomeCare Corporation
Brian W. Poff, Executive Vice President, Chief Financial Officer, Addus HomeCare Corporation, (469) 535-8200, in***************@***us.com; Dru Anderson, Corporate Communications, Inc., (615) 324-7346, dr**********@****ir.com
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-Towerbrook, Ascension Health to Acquire Compassus for $1 Billion – Hospice News


Towerbrook, Ascension Health to Acquire Compassus for $1 Billion

By Jim Parker | October 1, 2019October 1, 2019
Capri23auto-pixabay
Private equity firm Towerbrook Capital Partners and health system Ascension Health have agreed to purchase the Nashville-based hospice provider Compassus at a valuation of $1 billion, with multiples of EBITDA in the low teens, PEHub.com reported. 
The two companies will split ownership of Compassus down the middle, each holding an equal stake, according to PEHub.com.
Compassus operates more than 125 community-based hospice, palliative and home health care services locations in 30 states. The company’s previous investors, Formation Capital and Audax Private Equity will no longer hold stakes in Compassus following the transaction’s closure. These two private equity owners began exploring M&A transaction opportunities in January.
Compassus had no comment for Hospice News on the transaction.
A number of firms are providing financing for the purchase, including Barclays, Merrill Lynch, Capital One, Jefferies and Houlihan Lokey.
This is the second time that Towerbook and Ascension partnered on an investment, the first being the 2016 purchase of health care management technology firm Trimedix.
The hospice M&A market is continuing to heat up despite record-high multiples in the space, largely driven by demographic tailwinds and availability of capital.
“Hospice made a big jump in the second quarter, which isn’t shocking at all, given the growing demand among home health agencies and some of the newer hospice private-equity backed portfolio companies in the marketplace,” according to Cory Mertz, managing partner at M&A advisory firm Mertz Taggart.
The second quarter of 2019 saw 14 hospice transactions. Eight major hospice acquisitions took place during the first quarter of 2019, up from seven transactions during Q1 2018 as well as Q4 2018, which also saw seven transactions, according to a report from Mertz Taggart. 
Among the most significant transactions in the second quarter occurred in May with the purchase of Texas-based Resolutions Hospice by Cornerstone Healthcare Inc., a subsidiary of The Ensign Group (NASDAQ: ENSG), for an undisclosed amount.
Also this week, Addus HomeCare Corporation (NASDAQ: ADUS), which provides hospice in addition to other a home care services, completed the purchase of Hospice Partners of America, LLC, a multi-state provider of hospice services headquartered in Birmingham, Ala., for a cash purchase price of $130.0 million.
A number of other high-profile companies, including Amedisys (NASDAQ: AMED) and LHC Group (NASDAQ: LHCG] have said they are actively seeking new acquisitions, focusing more of their efforts on building their hospice segments.

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-Alpine Investors’ TEAM Services Group Completes Investment in AmeriBest, a Leading Home Care Agency | Business Wire


Alpine Investors’ TEAM Services Group Completes Investment in AmeriBest, a Leading Home Care Agency

October 02, 2019 11:28 AM Eastern Daylight Time
SAN DIEGO & PHILADELPHIA–(BUSINESS WIRE)–TEAM Services Group (“TEAM”), a portfolio company of Alpine Investors (“Alpine”), today announced that it has partnered with AmeriBest Home Care, Inc. (“AmeriBest”), a market-leading home care agency that provides home and community-based services in the greater Philadelphia region.
TEAM Services Group, a portfolio company of @AlpineInvestSF, today announced that it has partnered with home care agency AmeriBest Home Care, Inc.
AmeriBest will continue to operate under its current brand name within TEAM Public Choices (“TPC”), a division of TEAM that serves clients through Medicaid and other state-sponsored disability programs. Omar Khanataev will remain as AmeriBest’s CEO.
Both AmeriBest and TPC are committed to providing high-quality patient and caregiver services to seniors and people with disabilities in the comfort of their own homes and focus on providing care that empowers individuals and families to work with whom they want.
“We couldn’t be more excited about entering this new partnership with AmeriBest Home Care,” said Cullen Knights, CFO and COO of Team Services Group. “From the start, it was clear that TEAM and AmeriBest shared similar values, including a commitment to quality in service of their clients. These efforts have earned AmeriBest a well-deserved positive reputation in Pennsylvania, and we look forward to supporting them in their mission going forward.”
“We are absolutely thrilled to partner with TEAM,” said Khanataev. “It was clear from the onset that we shared the same vision, strategy, and philosophy for home and community-based services in helping our patients lead dignified and independent lives. We look forward to becoming the provider of choice with this newly formed partnership.”
Lincoln International LLC served as financial advisor to AmeriBest.
About TEAM Public Choices
TEAM Public Choices is a leading facilitator of supports for the elderly and people with disabilities, with an emphasis on empowering self-direction and consumer choice. TPC understands that programs that allow individuals to receive care in settings of their own choosing result in lower costs, better health outcomes, and an improved quality of life. TPC currently operates in 23 states. For more information, visit http://www.teampublicchoices.com.
About Alpine Investors
Alpine Investors is a people-driven private equity firm that is committed to building enduring companies by working with, learning from, and developing exceptional people. Alpine specializes in middle-market companies in the software and services industries. Its PeopleFirst strategy includes a CEO-in-Residence program where Alpine partners with CEOs first and places them into companies as part of the transaction. This provides a distinct solution for situations where additional or new management is desired post-transaction. For more information, visit http://www.alpineinvestors.com/.
About AmeriBest
AmeriBest is a market-leading home care agency that provides home and community- based services in the greater Philadelphia region. With a mission centered on patient advocacy, AmeriBest provides personal care attendant services to over 1,000 clients. It operates under Pennsylvania’s managed Medicaid program.

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-Expanding Into Pennsylvania, CareFinders Total Care Doubles Down With Acquisitions of At Home Quality Care and Philadelphia Home Care, Inc.


Expanding Into Pennsylvania, CareFinders Total Care Doubles Down With Acquisitions of At Home Quality Care and Philadelphia Home Care, Inc.

News provided by
Dec 03, 2019, 17:15 ET
HASBROUCK HEIGHTS, N.J., Dec. 3, 2019 /PRNewswire/ — CareFinders, the fastest-growing home healthcare provider in the Northeast region, has expanded its footprint into Pennsylvania with the addition of At Home Quality Care, a leading provider of personal home care services based in Clarks Summit, PA, and an acquisition of Philadelphia Home Care, Inc., a leading home care provider in the Philadelphia area.
These acquisitions are an important step for CareFinders’ growth and expansion strategy. CareFinders is the largest personal home care company in NJ, with 19 offices and a recent expansion to three offices in Connecticut. CareFinders’ move into Pennsylvania with these two acquisitions will give the company six additional offices and will increase its geographic footprint throughout the Northeast to three states.
In announcing the latest CareFinders’ acquisitions, CareFinders CEO, Jim Robinson, said, “Both At Home Quality Care and Philadelphia Home Care represent premier home care agencies in the markets they serve in Pennsylvania, offering both Medicaid and Private Pay personal care services. These newest members of the CareFinders family of companies have impeccable reputations for high-quality, personalized care. With our expanded footprint in Pennsylvania, these acquisitions take us one step closer to our goal of becoming the #1 Home Care Services company in the Northeast.”
CareFinders has become a significant personal care service provider over the last few years, with platform acquisitions in key, densely populated geographies in the Northeast. These PA acquisitions are consistent with the central elements of the CareFinders’ acquisition strategy, and they build on its already strong presence in states with expanding Medicaid benefits to the elderly population. 
CareFinders’ acquisitions of At Home Quality Care and Philadelphia Home Care fit uniquely with the company’s strategic growth and culture goals. “All of our companies share a common mission based on creating positive experiences between our clients and caregivers,” said Robinson. “We’re excited to have these Pennsylvania teams join our Care Finders family to further our commitment to ensure our patients enjoy the highest quality care in the comfort of their home.”
About CareFinders Total Care, LLC
CareFinders is the largest personal home care agency in New Jersey and provides home healthcare services to over 8,500 patients throughout New Jersey, Connecticut and Pennsylvania from 28 offices. CareFinders was founded in 1995 and in New Jersey is accredited by the Commission on Accreditation on Home Care (CAHC). It employs over 8,000 Certified Home Health Aides and over 180 Registered Nurses and LPNs. For more information, visit www.carefinders.org or contact Linda Mintz, Co-Chairman at 551-223-1911.
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Acorn Health Acquires Behavior Therapy Specialists in O’Fallon, IL | Business Wire

MM 1 Sentence Summary- Behavior Therapy Specialists joins Acorn Health which will expand ABA services in Illinois and gives them operations in Michigan, Florida, Virginia, and Illinois. 

Acorn Health Acquires Behavior Therapy Specialists in O’Fallon, IL

December 09, 2019 05:28 PM Eastern Standard Time
MIAMI–(BUSINESS WIRE)–Acorn Health is pleased to announce that Behavior Therapy Specialists (BTS) in O’Fallon, IL has now joined the Acorn Health family. Behavior Therapy Specialists will serve as a regional platform for providing high quality home- and center-based Applied Behavior Analysis (“ABA”) services to children and adults diagnosed with autism in Southern Illinois and Northern Missouri. With this acquisition, Acorn Health now has operations in Michigan, Florida, Virginia and Illinois, and continues to look for partnerships with high-quality provider groups in existing and adjacent new markets.
Acorn Health is pleased to announce that Behavior Therapy Specialists in O’Fallon, IL has now joined the Acorn Health family.
“We are excited to have Behavior Therapy Specialists join the Acorn Health family, led by their founders, Jenna Kokoski M.Ed., BCBAn and Jessica Dow, M.Ed., BCBA,” said Vicki Kroviak, CEO of Acorn Health. “As our partners, Jenna and Jessica, and their clinical team will help us grow our ability to deliver top quality ABA services to families in need in the Southern Illinois area.”
Autism has been recognized as the fastest growing developmental disability, and identifying at-risk children by two years of age leads to the highest likelihood of early intervention. Research suggests that early intervention programs are beneficial for children with autism spectrum disorder, often improving developmental functioning and decreasing maladaptive behaviors and the severity of symptoms. ABA is one of the most researched and widely accepted forms of behavior therapy for children with autism, and at Acorn Health, clinicians work closely with each family to help their children find their strengths and develop independent, meaningful lives.
“We are thrilled to be expanding our ABA services via our partnership with BTS,” said Krista Boe, a Board-Certified Behavior Analyst (BCBA) and Acorn Health’s Chief Clinical Officer. “Behavior Therapy Specialists’ clinical team has been serving clients in the area for years and Acorn Health looks forward to working with them to provide additional support and treatment options for local Illinois families.”
Behavior Therapy Specialists is now a wholly-owned subsidiary of Acorn Health – a national provider of Applied behavior analysis therapy, with locations in Michigan, Virginia, Florida, and now, Illinois. To learn more about Behavior Therapy Specialists: www.behaviortherapyspecialists.com. To inquire about services at Behavior Therapy Specialists, please call 618-206-8816.
Acorn Health
Celebrate Difference, Realize potential.
833-226-7633, in**@*********th.com
To learn more about Acorn Health: www.acornhealth.com

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Media Contact Information:
Behavior Therapy Specialists
Jenna Kokoski

Acorn Health

Release Summary

Acorn Health is pleased to announce that Behavior Therapy Specialists in O’Fallon, IL has joined the Acorn Health family.

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UnitedHealth buys Virginia Medicare Advantage plan


UnitedHealth buys Virginia Medicare Advantage plan (highlighted)

Morgan Haefner – Monday, October 7th, 2019 
A UnitedHealth Group subsidiary bought a Medicare Advantage plan in Virginia for an undisclosed amount, according to The News and Advance. 
Under the deal, effective Oct. 1, UnitedHealthcare Insurance Company of the River Valley absorbed 5,000 Medicare Advantage members from Piedmont Community Health Plans. Piedmont Select Medicare Advantage members will likely see no change from the sale.
CMS approved the spinoff of Piedmont Select Medicare Advantage on Aug. 29. Under a transition agreement, Piedmont will continue to administer the plans through the end of the year, after which UnitedHealthcare will take over management of the plan.
Lynchburg, Va.-based Centra Health became the owner of Piedmont Community Health Plans in 2015. The health plan still has about 25,000 members in other products.
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