Vitalcaring Acquires Traditions Health’s Home Health Operations
VitalCaring Group has acquired home health, hospice and palliative care operations from Traditions Health.
Three other providers acquired other hospice and palliative care assets from Traditions: The Care Team, LifeCare Home Health Family and Mission Healthcare.
The deal, announced Wednesday, adds five new states to VitalCaring’s footprint.
“We are excited to welcome the Traditions Health team members who are joining us and to expand our ability to serve more patients and families across the United States,” April Anthony, CEO of VitalCaring Group, said in a statement. “We look forward to supporting the communities these locations have long cared for and bringing genuine caring to even more people.”
Franklin, Tennessee-based Traditions provides hospice, home health and palliative care along with consulting services in 18 states.
Dallas-based VitalCaring provides home health and hospice services in the southeast. The provider, backed by Anthony herself, The Vistria Group and Nautic Partners, operated in six Southeastern states before the acquisition.
According to VitalCaring’s site, the deal adds 35 home health agencies, 37 hospice locations and three palliative care locations to the company’s operations. Most of the acquired home health assets are in Oklahoma, with others in Texas, Kansas and Missouri.
The deal will add resources, clinical expertise and a mission-driven approach to the acquired Traditions locations, according to VitalCaring. A page on the company’s website stated that the provider is ready to welcome Traditions’ team members, patients and referral partners.
“As we move forward together, our focus remains the same: bringing genuine caring to every patient and family who relies upon us,” Anthony said. “I’m grateful for the dedicated Traditions team members that are joining our family and I look forward to the impact we will make together in the communities we serve.”
VitalCaring was previously lined up to acquire over 100 home health and hospice locations divested as part of the UnitedHealth Group’s (NYSE: UNH) acquisition of Amedisys. The deal was suspended in January after a federal court ordered VitalCaring to allocate a significant portion of its future profits to Encompass Health and Enhabit.
In 2023, Anthony, the former CEO and founder of the home health division of what came to be Encompass Health Corp. (NYSE: EHC), told Home Health Care News that she planned to grow the company through de novos, acquisitions and “true” organic growth.
The deal comes at the end of a year of regulatory uncertainty, which has caused home health dealmaking to lag. However, there is still “considerable demand for quality assets,” according to Mertz Taggart’s Q3 home-based care dealmaking report.
The post VitalCaring Acquires Traditions Health’s Home Health Operations appeared first on Home Health Care News.
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