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Private equity ownership of home health agencies
WhoOwnsCare identifies 125 of 7,398 Medicare-certified home health agencies in California, Texas, Florida, Ohio, Illinois, Pennsylvania and New York as being held within a corporate family that includes a private equity or investment fund entity — 1.7%.
This counts disclosed fund entities in the ownership chain. It is a floor, not a census: a fund that holds its position through intermediate holding companies without a disclosed fund name is not counted here.
Private equity-backed home health agency operators
| Corporate family | Home health agencies | States |
|---|---|---|
| Pediatric Services of America LLC | 35 | 5 |
| TVG NP Homecare Acquisition, Inc. | 26 | 3 |
| Choice Rehab Holdings, Inc. | 20 | 2 |
| Team Select Holdings LLC | 10 | 3 |
| Asclepius Health Services LLC | 8 | 1 |
| Excelin Health, LLC | 7 | 2 |
| Concierge Florida Acquisitions 3, LLC | 7 | 1 |
| Purpose Home Health Acqusition LLC | 6 | 2 |
| Covenant Care, LLC | 4 | 2 |
How private equity ownership is identified
A corporate family is flagged when a disclosed owner in the chain is a fund vehicle — a limited partnership, fund, or investment entity filed as a direct or indirect owner. Passive institutional shareholders are deliberately excluded: an index fund holding 5% of a listed operator is disclosed to CMS as an indirect owner, which is true and tells you nothing about who runs the building.
These pages describe ownership structure. They do not attribute care quality, staffing levels or financial outcomes to ownership type — that inference requires controls this data alone cannot supply.
Common questions
How many home health agencies are owned by private equity?
125 of 7,398 in the seven states covered, based on disclosed fund entities in the ownership chain.
Does private equity ownership affect care?
Research on this question is contested and this site does not attempt to answer it. What is published here is the ownership structure itself, with its evidence.