Insurance giant Humana (NYSE: HUM) now officially owns a stake in the nation’s largest home health and hospice provider, and investors appear to be excited by this development. Humana’s share price hit its highest-ever peak last Thursday, trading at $319.44, according to Yahoo Finance data. The Louisville-based company’s moves into the home health and hospice […]
TPG Capital portfolio company Mediware Information Systems, Inc. announced last week that it’s acquiring the long-standing home health and hospice consulting group Fazzi Associates. To some degree, the transaction—which marks one of the few instances where a software business buys up a consulting firm—is reflective of the broader home health, personal care and hospice landscape. […]
Software company Mediware has acquired Fazzi Associates, a firm that provides consulting and other services to the home care and hospice industry. Mediware is a portfolio company of TPG Capital, a private equity giant that also owns a stake in the nation’s largest home health and hospice provider. Northampton, Massachusetts-based Fazzi serves more than 1,400 […]
LHC Group (Nasdaq: LHCG) and Almost Family have now officially become the second-largest U.S. home health provider. The combined company is moving forward on a plan to be a “house of brands” offering a full continuum of home health, personal care and hospice services in hundreds of markets across the country. In November 2017, the […]
In the midst of acquiring a stake in the largest home health provider in the nation, insurance giant Humana (NYSE: HUM) might also be in early stage talks to itself be acquired by retail behemoth Walmart (NYSE: WMT). The combination of Humana and Walmart, though far from certain, would potentially be a game-changer for home […]
Stowell Associates is not a large home care company, but it is a unique one—so unique that its new co-owner and CEO calls it a “unicorn.” Chip Measells and a group of private investors recently purchased Stowell from co-founders Phyllis Brostoff and Valerie Stefanich for an undisclosed price, and Measells has stepped into the role […]
As The Ensign Group (Nasdaq: ENSG) continues to expand in home health, the provider is planning to follow the same strategy that has proven successful in building up its skilled nursing portfolio. That means vesting significant power in local operators to make decisions, and targeting underperforming businesses for turnaround, Executive Vice President Chad Keetch said during a […]
A major Kindred Healthcare (NYSE: KND) shareholder on Tuesday continued to forcefully protest the company’s planned sale to Humana and private equity firms, arguing in a publicly released letter that the deal would hurt shareholders but line the pockets of Kindred’s directors and top executives. New York-based Brigade Capital Management has a 5.8% stake in […]
An Ohio hospice led by a previous Kindred Healthcare (NYSE: KND) executive has been acquired by private equity firm Stonehenge Partners Inc. The firm says it is committed to keeping the hospice’s model of having lighter caseloads for its nurses than are standard in the industry. Queen City and Capital City Hospice is headquartered in […]
Catch up on the latest business deals shaping the home health and personal care industry: Amedisys Adds Coverage Area in Kentucky Baton Rouge-based Amedisys Inc. (Nasdaq: AMED) has acquired the right to operate in 10 counties in western Kentucky from Christian Care Communities, the state’s largest faith inspired provider of senior living, long-term care and […]
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