Davion Healthcare to Buy Healthcare Stat Homecare for $13.5 Million; DAVI Falls 8.8%

Davion Healthcare Plc (DAVI) agreed to acquire Healthcare Stat Homecare, a Philadelphia-based home healthcare provider, for $13.5 million, sending shares down 8.77% to $3.00. The consideration comprises $8 million in cash and $5.5 million in Davion shares valued at $13 per share. Completion is expected on or before December 31, 2026, subject to the acquisition agreement. HSH provides skilled nursing, rehabilitation, home health aide and other services, including wound care, diabetes management and dementia care. It reported approximately $11.6 million in gross receipts and $1.9 million in ordinary business income for 2025, based on unaudited figures. The deal is the first in Davion's planned programme to acquire established, profitable healthcare businesses over the coming year. DAVI has traded between $2.78 and $12.30 over the past year.