Transactions: 24 Hour Home Care Buys Trusted Life Care; Modivcare Lands Guardian Medical Monitoring

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24 Hour Home Care acquires California-based Trusted Life Care

Los Angeles-based 24 Hour Home Care will increase its client census by over 16% in the Long Beach and South Bay communities after acquiring home care agency Trusted Life Care.

Trusted Life Care, based in Los Angeles, provides personal care for seniors in Orange and Los Angeles counties. It was founded eight years ago by Leslie Davis and Lisa Hain.

24 Hour Home Care is an independent, non-medical home care provider with 23 locations across California, Arizona and Texas. This deal expands its reach into the Long Beach area.

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The two companies had previously had a referral partnership since 2019.

“Trusted Life Care’s passion for care as an employer complements our people-first employer strategy,” Andrew Matthews, vice president of business development for 24 Hour Home Care, said in a press release. “Through acquiring Trusted Life Care, we continue to support clients and caregivers within the wider Los Angeles community and are poised for more growth opportunities.”

The deal was made official May 9.

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Modivcare acquires remote patient monitoring provider

Modivcare Inc. (Nasdaq: MODV) announced it has acquired Guardian Medical Monitoring, a provider of remote patient monitoring solutions.

Guardian Medical Monitoring provides its services to Managed Care Organizations (MCOs) and state Medicaid payers. Its platform currently monitors about 50,000 patients.

“Remote patient monitoring is essential to Modivcare’s mission to connect patients to care through our integrated supportive care platform,” Daniel Greenleaf, Modivcare’s president and CEO, said in a press release. “Our comprehensive remote patient monitoring offering allows patients to safely age in their homes with technology-enabled connectivity to care, which increases patient engagement and reduces costs.”

Based in Denver, Modivcare offers technology-enabled health care services and provides non-emergency medical transportation (NEMT), personal care and nutritional meal delivery services.

The financial terms of the deal were not made public.

Tutera Senior Living & Health Care, Residential Home Health announce joint venture

Tutera Senior Living & Health Care, a Kansas and Missouri-based home health company, will outsource the management of its home health division to Residential Home Health.

Tutera’s home health division will be managed by Residential Home Health, a division of Graham Healthcare Group. Residential Home Health said it plans to retain all of Tutera’s employees.

“Our partnership with Tutera Senior Living & Health Care provides an extraordinary opportunity to accelerate clinical innovation and re-imagine patient experiences for the best possible outcomes,” David Curtis, CEO of Residential Home Health, said in a press release. “We share a deep commitment to put patients and their families first, while enhancing quality and consistency of health care in the most convenient and cost-effective setting possible: at home.”

The joint venture will allow Residential Home Health to enter into the eastern Kansas and western Missouri territories for the first time.

Residential is a home health, palliative and hospice service provider with over 2,800 caregivers serving nearly 12,000 patients in Florida, Illinois, Michigan and Pennsylvania.

“Home health remains an important part of our community-centered continuum of care for post-acute services, and that will not change,” Randy Bloom, president and COO of Tutera, said in a press release. “Our partnership with Residential Home Health makes us stronger and improves our ability to support patients at every stage of care with tailored treatment plans carried out by dedicated professionals.”

Amazing Care acquired by Bow River Capital

Amazing Care, an Aurora, Colorado-based pediatric home health provider, was acquired by private equity firm Bow River Capital.

Private equity firm 3 Rivers Capital previously owned Amazing Care since 2018.

“Our commitment to quality of care for families and patients has always been a defining factor of our success,” Art Lowry, Amazing Care’s founder and CEO, said in a press release. “Our strong culture is supported by the caregivers and staff who make our high quality of care a possibility.”

Lowry and the Amazing Care leadership team will continue to lead the company.

“Amazing Care is a regional leader in the pediatric home health sector and was founded right in our backyard.” Greg Hiatrides, managing director of Bow River Capital, said in a press release. “We look forward to supporting Amazing Care and its talented professionals and caregivers through its next phase of growth and expanding their unique patient-first culture.”

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