The home- and community-based services provider BrightSpring Health Services once again is planning to go public. Backed by the PE firm KKR, BrightSpring originally planned to raise $800 million in an IPO. In November of 2022, it ultimately decided against that course of action. Now, an IPO – this time with a goal of raising […]
In December 2020, Encompass Health Corporation (NYSE: EHC) announced it was pursuing strategic alternatives for its home health and hospice arm. Not even three years later, the product of that strategic review – Enhabit Inc. (NYSE: EHAB) – is exploring a strategic review of its own. Encompass leaders saw an opportunity to refine their focus […]
The Senate Finance Committee’s Subcommittee on Health Care held a hearing Tuesday regarding aging in place and access to home health care in the U.S. While current struggles were highlighted throughout, the hearing was ultimately a symbolic win for home health providers across the country. Lawmakers came across as more educated on home health care […]
Help at Home – one of the largest home- and community-based services (HCBS) providers in the country – is leaving the state of Alabama. The company will lay off nearly 800 employees in the state as of Nov. 4. Kristen Trenaman, the VP of public relations and marketing at Help at Home, told Home Health […]
AccentCare announced late Thursday that its CEO, Steve Rodgers, would be stepping down. Rodgers is a long-time veteran in the industry, and to see him go is large news in itself. “Looking back to where we started and seeing where we stand now, I am incredibly proud of what we accomplished, and I look forward […]
Last year, at the Home Care Conference in Chicago, home care provider leaders candidly shared just how high billing rates had gotten for them. Over the course of preceding two years, rates had risen by about 25%, it seemed. But 24 Hour Home Care President Ryan Iwamoto said they had risen by as much as […]
Advent Home Health joins Intermountain Health On Sept. 5, Intermountain Health announced that the Nevada-based Advent Home Health had officially joined its network. The Salt Lake City-based Intermountain Health has a network that spans across Utah, Idaho, Nevada, Colorado, Montana, Wyoming and Kansas. It has a health plan, 33 hospitals, 385 clinics and Intermountain at […]
CVS Health (NYSE: CVS) believes that its home-based care and primary care capabilities will unlock value and create long-term earnings power for the company. Karen Lynch – CVS Health’s CEO – outlined that vision at the Morgan Stanley’s 21st Global Healthcare Conference Tuesday. “As we step back and as we looked at all of our […]
Best Buy (NYSE: BBY) is growing its at-home care efforts once again, this time through an expansion of its partnership with Geisinger Health System. In July of 2022, Best Buy began leveraging its Geek Squad to help Geisinger better care for chronically ill patients in the home. Geisinger’s ConnectedCare365 initiative was first launched in 2021, […]
Consolidation in the home health market has been forecasted for years. While the number of home health agencies has declined over the last couple, greater consolidation has yet to hit the industry. But the fragmented and growing home health space could finally begin to experience it in the near-term future, likely due to declining traditional […]
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