News in Brief: LHC Group, Kindred
Welcome back from another summertime weekend, Home Health Care News readers. To kick off your week, take a moment to catch up on the most recent news with our Monday Briefing.
Last week, we tuned into presentations at the Jefferies Healthcare Conference, and heard the CEO of LHC Group (Nasdaq: LHCG) say the company has the metrics to become a $2 billion company—roughly double its current size.
We also reported on one Chicago-based home care company that has built a referral relationship with a local medical marijuana dispensary that serves hundreds of Parkinson’s patients. The relationship navigates the newly-chartered waters of marijuana legality.
Readers were also interested in Kindred Healthcare’s (NYSE: KND) new innovation division. The nation’s largest home health care provider hired Brian Holzer, M.D. to serve as president of the new division, effective June 5.
Around the Web
In other Kindred news, the company announced via a public filing that it took a big loss after selling a house it had purchased from its chief financial officer, the Louisville Business First journal reported. Kindred first bought the home of it CFO following a “bizarre” dispute over a driveway.
A New York City home health provider, Cooperative Home Care Association, is spotlighted in this DNA Info report on its program and training development for caregivers.
The ultra-wealthy are gaining access to health care beyond concierge service, according to a New York Times report. For an annual fee between $40,000 and $80,000, people can pay for on-call doctors and access to the best care.
Written by Amy Baxter