Industry Bulletins | December 7, 2022
PurposeCare Acquires Five Home Health & Home Care Agencies In the Midwest To Launch Operations In The Region
PurposeCare acquired five home care and home health provider organizations to launch services in the Midwest. The acquired organizations are: Purpose Home Health, Alliance Home Health Services, A1 Home Health Care and A1 Nursing Care, Newsome Home Health Care and Honor Home Health.
PurposeCare is a portfolio company of Lorient Capital, a private investment firm focused exclusively on the healthcare industry. It was formed in December 2021 with the acquisition of Indiana-based Purpose Home Health. Beginning in Indiana with the Purpose Home Health acquisition, PurposeCare has rapidly expanded into in Ohio and Illinois with its subsequent partnerships and intends . . .