M&A and Finance News: Amedisys Expands Borrowing Capacity

Amedisys Announces New Senior Secured Credit Facility  Amedisys, Inc. (Nasdaq: AMED), one of the largest independent home health, hospice care and personal care companies in the country, has entered into a new secured revolving credit facility. The new credit facility more than doubles the Baton Rouge, Louisiana-based Amedisys’ borrowing capacity, increasing it from $250 million […]

Alzheimer’s Population to Double, Underscoring Need for Home Health

The level of care that home health providers can deliver to patients living with Alzheimer’s dementia or mild cognitive impairment can have a profound impact on rehabilitation. This intensive level of care can have greater need in years to come as the number of Americans living with Alzheimer’s dementia will more than double in the coming […]

Business Briefs: Ensign, Covenant Care Acquisitions

Ensign Group Acquires Iowa Hospice The Ensign Group (NASDAQ: ENSG), which owns and operates a diverse portfolio of senior care service companies, on May 1 acquired the assets of a hospice company in Iowa, the company has announced. Hospice for Wright County now will be owned and operated by Heartland Healthcare Inc., a subsidiary of […]

Medicare System Fails Home Care Patients With Alzheimer’s

The Medicare home health model has failed patients with Alzheimer’s disease, according to recently published findings, which call into question the effectiveness of the home health prospective payment system (PPS). The study, authored by William D. Cabin and published in the journal Social Work, argues that while the PPS has existed for 13 years, cracks […]

Study: Majority of Seniors With Dementia Lack Diagnosis

More than half of elderly Americans with dementia are not evaluated for cognitive symptoms by a medical provider, a new study finds. As many as 1.8 million Americans over the age of 70 with dementia are not medically evaluated, found University of Michigan researchers in a study published in the online publication “Neurology.” Two hundred ninety-seven […]

Planning for Alzheimer’s Tied to Increased Use of Home Care Agencies

Loved ones who make financial plans for Alzheimer’s disease or dementia care are more likely to use elder care services, such as home care agencies, according to a new AgingCare.com survey. More than a quarter of Alzheimer’s caregivers spend over $4,000 each month on their loved ones’ care, according to the study that polled more than 1,600 people taking care of a […]

PBS: Risk Aversion Trumps Compassion in Elder Care

The health care regulatory system keeps senior care employees from providing the best care possible, writes PBS media partner Next Avenue in a recent column.  “America’s elder care system is not a caring system,” writes Dr. Robert L. Kane in the column. “It is driven by caution instead of imagination. Safety is an overvalued commodity. As […]

Emmy Award Winner Becomes Spokeswoman for Home Care Company

A prime time celebrity is partnering with a home care company to become its official spokesperson, and relating to clients through her personal experience with Alzheimer’s disease. American talk show host and Emmy Award winner Leeza Gibbons is the official spokesperson of Senior Helpers, and will also help invest in Senior Helpers franchises. The national […]