Shortly after ResCare CEO Jon Rousseau recorded his interview for the Disrupt podcast, the company announced a rebranding to BrightSpring Health. This reflects how quickly the Louisville, Kentucky-based company is evolving under Rousseau’s leadership. Since taking the helm in 2016 — after leading Kindred Healthcare’s rehab business — Rousseau has overseen not only the rebranding, […]
Most Medicare Advantage insurers do not yet appreciate the value of home-based care, according to Bill Dombi, president of the National Association of Home Care & Hospice (NAHC). “I didn’t enroll in a Medicare Advantage plan, because I don’t think they believe in home care yet,” Dombi said in opening remarks at NAHC’s annual conference […]
Insurance giant Humana (NYSE: HUM) and two private equity firms have completed their planned acquisition of Kindred Healthcare, which has ceased trading on the New York Stock Exchange as a result. In December 2017, Humana and two PE firms—TPG Capital and Welsh, Carson, Anderson & Stowe—announced they were acquiring Kindred for $9 in cash per […]
It’s been a year of changes for Bayada Home Health Care. This June marks the one-year anniversary of the grand opening of Bayada’s new global support center in Pennsauken, New Jersey. And it’s been about 10 months since David Baiada became the company’s CEO, taking over the role from his father, J. Mark Baiada, who […]
Investors were bullish on home care on Tuesday, following news that Medicare Advantage (MA) plans would officially be allowed to cover non-skilled home care services starting in 2019. Care providers were excited as well, making the case that they are well-positioned to seize this opportunity, even as they are trying to determine its scope. The […]
Transformative mergers and acquisitions took place in health care last year, and the types of deals suggest that a more diverse set of buyers could be on the hunt for home health and hospice acquisitions in 2018. In 2017, there were 115 M&A transactions involving hospitals and health systems, marking the highest level of activity […]
LHC Group (Nasdaq: LHCG) had a big year in 2017, growing its share price 23.14%. That’s the largest yearly increase among the companies tracked on the Home Health Index (HHI), which is updated each month by health care merger and advisory firm Stoneridge Partners. The Index keeps tabs on the share prices of the largest […]
Kindred Healthcare (NYSE: KND) today announced a definitive agreement to be acquired by a consortium of three companies — TPG Capital; Welsh, Carson, Anderson & Stowe (WCAS); and Humana Inc. (NYSE: HUM) — for approximately $4.1 billion in cash. The deal had been rumored over the weekend after the Wall Street Journal reported Kindred, the […]
Kindred Healthcare, Inc. (NYSE: KND) president and CEO Benjamin Breier sounded off on the proposed home health groupings model (HHGM), vowing to work with the industry and regulators to craft a solution that works for all parties. “The home health industry is undeniably united in its negative view of the rule, and will take a […]
The nation’s largest home health care provider has formed a new business division and hired an executive to run it. Louisville-based Kindred Healthcare (NYSE: KND) has tapped Brian Holzer, M.D., to serve as president of the new division, Kindred Innovations. Holzer’s appointment is effective as of June 5, the company announced in a May 30 […]
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