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Deaconess Associations Incorporated has completed its acquisition of 24 home health locations and seven hospice locations from HCA Healthcare, adding agencies across eight states to its Central Pyramid subsidiary. Separately, an SEC filing shows At Home Harmony raised $4.7 million and is seeking another $800,000.
Deaconess Associations Incorporated (DAI) has completed its purchase of 24 home health locations and seven hospice locations from HCA Healthcare, adding agencies in eight states to its Central Pyramid subsidiary. In a separate funding development, At Home Harmony raised $4.7 million and is seeking an additional $800,000, according to a filing with the U.S. Securities and Exchange Commission.
The acquired HCA agencies have joined Central Pyramid, one of DAI’s four owned subsidiaries. The locations span eight states; the source report does not identify the states or disclose the transaction’s financial terms. Central Pyramid, based in McKinney, Texas, provides home health and hospice services, often using local brands.
DAI is a nonprofit, faith-based healthcare enterprise headquartered in Cincinnati. It operates healthcare services, programs, investments and community grant initiatives in 23 states, and its home health and hospice offerings have been described as operating in six states. DAI CEO Trey Crabb previously told Home Health Care News that the acquisition aligned with a decision to expand in home health and hospice.
Separately, an SEC filing states that WFS Home Care Enterprises, which operates as At Home Harmony, raised $4.7 million and is seeking a further $800,000. The company provides home-based primary care, pharmacy services, care management and personal home care in Central Virginia and Asheville, North Carolina. Its services are covered by Medicare except for personal home care, which is paid for through long-term care insurance or private pay, according to the source report.
DAI Adds Home-Based Care Capacity
For DAI, the HCA purchase expands its home health and hospice footprint through an existing subsidiary, rather than a newly created operating unit. Crabb described the strategy as growing to serve more people and spread costs across a larger operation. That rationale is the company’s stated view; the report does not provide projections for savings, staffing, patient volume or financial results from the transaction.
The two developments also point to continued investment in care delivered outside hospitals and traditional facilities. At Home Harmony’s disclosed financing is much smaller in scale than a multi-location acquisition, but it concerns a service mix that includes primary care, pharmacy and care management for older adults with complex needs. The SEC filing confirms the reported raise and fundraising target; it does not describe how the proceeds will be used.
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Expansion Through Existing Care Networks
DAI’s purchase places the acquired agencies within Central Pyramid, which delivers services through local brands. DAI already operates a range of healthcare and community initiatives across the country, while its home health and hospice services have been reported in six states. The newly acquired locations span eight states, though the source does not clarify how many are new to DAI’s overall geographic footprint.
At Home Harmony operates in Central Virginia and Asheville and participates in Medicare’s Guiding an Improved Dementia Experience, or GUIDE, Model. The model supports people living with dementia and their unpaid caregivers. The company says it specializes in care for older adults with complex needs and partners with home healthcare providers when needed. No further details about the fundraising round’s investors or terms were included in the cited report.
“We felt like growing larger makes sense in that environment, and serving more people, and spreading our costs over a bigger operation, and so we’ve made the decision to double down on home health and hospice.”
— Trey Crabb, DAI CEO, speaking previously to Home Health Care News
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Deal Terms and Funding Use
The source report does not disclose the purchase price, closing date, state-by-state locations or operational plans for the acquired agencies. It also does not say whether the acquisition will change agency names, staffing or service availability. For At Home Harmony, the SEC filing identifies a $4.7 million raise and an additional $800,000 sought, but the report does not specify the investors, security terms, timing or whether the remaining amount has since been secured.
The two announcements are separate developments; the source provides no indication that the financing is related to DAI’s HCA acquisition. Further details on integration and the use of At Home Harmony’s funds remain unavailable in the cited material.
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Integration and Fundraising Updates
DAI’s next steps concern operating the 31 acquired locations through Central Pyramid. The available report does not give an integration timetable or identify any planned changes to local operations, so updates from DAI or the agencies may clarify how the expanded network will function.
At Home Harmony is seeking an additional $800,000, according to the SEC filing. Whether it completes that fundraising target, and how the proceeds will support its services or geographic reach, has not been reported. The developments may be followed through company statements and subsequent regulatory filings.
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Key Questions
What did DAI acquire from HCA Healthcare?
DAI completed the acquisition of 24 home health locations and seven hospice locations. The agencies span eight states and have joined DAI subsidiary Central Pyramid.
How much did At Home Harmony raise?
An SEC filing says WFS Home Care Enterprises, operating as At Home Harmony, raised $4.7 million and is seeking an additional $800,000.
Where does At Home Harmony operate?
The company operates in Central Virginia and Asheville, North Carolina, providing services including home-based primary care, pharmacy, care management and personal home care.
Were the purchase price or fundraising terms disclosed?
The source report does not provide the HCA deal’s purchase price or detailed terms of At Home Harmony’s fundraising, including investor identities or the terms of the securities.
Source: rss
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