Oklahoma-based Accentra Home Health Acquired by Choice
Infinity Capital Partners arranged the transaction which closed on October 23, 2024
OKLAHOMA CITY (November 6, 2024) – Accentra Home Health & Hospice (“Accentra” or the “Company”), an Oklahoma-based provider of post-acute home health and hospice services, today announced its sale to Choice Health at Home (“Choice”), a leading multi-state operator of home health, hospice, private duty, and rehabilitation services providing care throughout the Southwestern US. Infinity Capital Partners (“Infinity”) served as exclusive investment banking advisor to Accentra.
Established in 2014 by CEO Trent Smith, Accentra is an Oklahoma-licensed, and Medicare certified, home health and hospice service provider. Covering the primary population centers across central, southern, and eastern Oklahoma, the Company operates seven locations with a staff of over 130 people, including more than 60 nurses.
Accentra’s CEO, Trent Smith, commented further regarding the transaction and the go forward opportunity, stating, "Joining forces with Choice Health at Home marks a pivotal chapter in our journey to redefine home healthcare in Oklahoma. Since founding Accentra, we've led the company through transformative industry changes—from PDGM to the unprecedented challenges of COVID-19. Our strategic acquisitions and innovative initiatives, including our role in the development of Apricot, the industry's first AI-driven documentation tool, have set new benchmarks in care efficiency. This fully integrated, innovative AI solution has revolutionized our operations, slashing documentation time for our clinical team by over 85%. Together with the team at Choice, we are dedicated to building resilient healthcare infrastructures that not only meet but exceed the highest standards of patient care. This merger is not merely a growth opportunity – it’s a testament to our unwavering commitment to providing every Oklahoman with exceptional, cutting-edge healthcare right at their doorstep.”
Choice’s operations span seven states and employ approximately 4,000 caregivers throughout the footprint. The clinician-lead company celebrates the pursuit of excellent healthcare in the home throughout the Southwestern US. The merger of Accentra with Choice’s already significant existing Oklahoma home health and hospice agencies will dramatically strengthen the company’s presence in Oklahoma and provide the infrastructure for a long-term strategic plan to cover more than 90% of the state’s urban and rural geographies.
“We’re thrilled to expand our operations in Oklahoma with the addition of Accentra. Through this process it became very clear that we have alignment in our healthcare goals and exceptional cultural synergies,” said David Jackson, CEO of Choice. “This transaction significantly strengthens our business and more importantly enhances our ability to provide excellent healthcare to more of the state’s residents.”
“We were proud to have the opportunity to work with Trent and his team. Together, we sought to identify a buyer who could seamlessly integrate Accentra’s operations and uphold the values and standard of care the Company had established,” said Bryan Vahlberg, Managing Partner at Infinity. “We found that in the team at Choice, and we expect this to be a successful addition to their ever-growing home care platform.”
Steptoe & Johnson PLLC served as legal counsel to Accentra, and Polsinelli PC served as legal counsel to Choice. Details of the transaction were not immediately disclosed.
About Choice Health at Home
Founded in late 2007, Choice Health at Home is a Texas-based multi-state provider of home health, hospice, private duty, and rehabilitation services. Serving communities across Texas, Oklahoma, Kansas, Arizona, Colorado, Utah, and Nevada, Choice Health at Home is committed to delivering compassionate, high-quality care directly to patients in their homes. In 2020, Choice partnered with Trive Capital and Coltala Holdings in a shared vision of expansion for the post-acute company. For more information on Choice, please visit choicehealthathome.com.
About Infinity Capital Partners
Infinity Capital Partners is an Oklahoma City-based middle-market investment bank offering a broad range of advisory services to private companies across a variety of industries. Infinity works closely with owner-operators, shareholders, founders, and management teams to provide tailored services including M&A advisory, debt and equity placements, recapitalizations, and strategic advisory. For more information about Infinity Capital Partners, please visit our website at www.infinitycapitalpartners.com. Securities placed through Infinity Capital Securities, LLC. Member FINRA.