Editor’s Picks: Genesis Sells Home Health, Hospice Unit
This week, we had plenty of news to share with our readers. We let you know that Genesis was moving on from its home health and hospice operations in a sale worth $84 million. We also brought you coverage from the Illinois Home Care & Hospice Council Conference and stayed up-to-date on the latest earnings from LHC Group Inc (NASDAQ: LHCG).
In the newsroom, we were watching a hilarious spoof of an interview with 110-year-old Flossie Dickey on Saturday Night Live.
Genesis Sells Home Health, Hospice Unit for $84 Million—One of the largest providers of post-acute care, Genesis Healthcare (NYSE: GEN), announced it had entered into an agreement with Compassus to sell the majority of its home health and hospice operations for $84 million. The move comes as Compassus made clear its intentions to expand into new states.
LHC Group Expects $1 Billion From ‘Unprecedented’ Pipeline—Following a 2015 that boasted increases in revenue and growth in admissions, national home health and hospice provider LHC Group Inc. announced what it is calling an “unprecedented” pipeline in the year ahead. The company expects 20 potential acquisitions to bring in as much as $1 billion in revenue.
CMS Home Health Initiatives Gaining Traction—Since November, the Centers for Medicare & Medicaid Services (CMS) has rolled out regulation upon regulation affecting home health care, altering the landscape for agencies across the country. Speaking at the 2016 Illinois Home Care & Hospice Council Annual Conference & Expedition in Lombard, Illinois, industry experts weighed in on which CMS rules are starting to have a real impact.
CCRCs Bring Services and Insurance Home—Seniors who want to age in place have some new options for all the same health care services offered at senior living facilities without the community aspect. Enter the continuing care retirement community (CCRC) at home. One senior living provider has expanded their services to reach seniors at home and incorporated an insurance plan to boot.
Around the Web
How Will Housing for Older Adults Change?—A group of industry experts discussed the changing demographics of the American population and the importance of bringing health care services into the home setting, Forbes reported. With an ever-increasing population of seniors, shifts in housing are sure to follow, experts agreed.
A Healthy Send-Off: Top Questions to Ask Before Being Discharged from the Hospital—The Southeast Missourian reports on the top questions to ask in order to avoid a hospital discharge feeling like falling off a cliff.
Weekend Update: Vanessa Bayer and Flossie Dickey—After a now infamous interview on her 110th birthday, Flossie Dickey, the oldest woman in Washington, was immortalized on Saturday Night Live in a spoof with the show’s actors.
Written by Amy Baxter