Must-Read News: Kindred Deal Back on Track

Happy Monday, Home Health Care News readers. Get a jump-start on your week ahead by getting caught up on headlines that caught our eye, and review our top stories from last week.

At top of mind for many in the industry is the latest on the acquisition of Kindred Health at Home (NYSE: KND) by Humana (NYSE: HUM), which hit a snag earlier this month when a major shareholder, Brigade Capital, filed a lawsuit to block the deal. On Thursday, March 15, all but one of the claims were denied in court, Kindred announced, allowing “certain limited and targeted discovery to proceed.”

Additionally, a health care technology platform has raised $5.5 million to expand nationwide. Parachute Health, based in New York, helps enable patients to receive medical equipment and services they need, such as oxygen tanks, hospital beds, walkers and wheelchairs.

Top stories

Last week, our top story was on a topic that never seems to die in the home health care sector—fraud. In the case of HCR ManorCare, the U.S. government declined to intervene in a False Claims Act (FCA) case brought against the provider’s hospice division, Heartland.

We also continued our coverage of the National Leadership Conference, with exciting new research from Excel Health that revealed home health care helps slash Medicare prices and readmissions.

Written by Amy Baxter

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Amy Baxter
Assistant Editor at Home Health Care News
When not writing about all things home health, Amy fulfills her lifelong dream of becoming a pirate by sailing in regattas and enjoying rum. Fun fact: she sailed 333 miles across Lake Michigan in the Chicago Yacht Club "Race to Mackinac."