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Arosa to pick up LifeLinks
Posted on Friday, 20 September 2019 13:37
Arosa+LivHOME, backed by private equity firm Bain Capital, has agreed to acquire US-based provider of aging life care services LifeLinks.
No financial details for the deal were disclosed.
LifeLinks provides a range of life care services for elderly patients through its two sites in Tennessee and North Carolina.
The target’s activities include physical therapy, crisis intervention for emergency rehabilitation and housing and residential options.
LifeLinks also offers counselling sessions for people who care for their elderly family members.
Furthermore, the group screens patients to determine their eligibility for financial benefits such as state or federal funding.
Through the acquisition, Arosa will expand its care management services in North Carolina and use its Nashville office as a springboard for growth into new markets.
As a result of the deal, the group adds another care services company to its portfolio, which already includes Nurse Care of North Carolina and Developmental Therapy Associates.
The transaction represents Arosa’s sixth acquisition this year, following its merger with LivHOME back in October 2018, and entry into a new state via Tennessee.
Most recently, the company agreed to snap up Florida-based provider of care management and home care services The Cameron Group.
In January, Arosa also expanded its presence in Chicago by acquiring Partners in Senior Care. No financial details of either transaction were disclosed.
To date, 1,092 deals targeting ambulatory health care services providers have been announced worldwide since the beginning of 2019.
In the largest of these, Centene, via its subsidiary Wellington Merger Sub II, agreed to buy US-based WellCare Health Plans for USD 17.30 billion.
Other companies targeted in this sector in the first eight months of the year include Radiology Partners, Igenomix, Aleris Healthcare and LumiraDx.
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