UnitedHealthcare CEO Brian Thompson was shot and killed Wednesday morning in New York City, where UnitedHealth Group (NYSE: UNH) was hosting its annual investor conference. New York City Mayor Eric Adams called it a “targeted murder.” The city’s police commissioner, Jessica Tisch, also described it a “brazen targeted attack.” UnitedHealth Group is one of the […]
Addus HomeCare Corp. (Nasdaq: ADUS) has completed its acquisition of Gentiva’s personal care assets. The deal will significantly bolster Addus’ footprint in certain states, and also allow the company to enter other states for the first time. In a press release, Addus noted that the $350 million deal was funded through a combination of cash […]
The saga involving New York’s self-directed home care program has taken yet another turn. Last week, a home care company that was not chosen to be the fiscal intermediary for the program moving forward sued the state, alleging that the selection process was rigged. The Consumer Directed Personal Assistance Program (CDPAP) has cost the state […]
Compassus – one of the largest home-based care organizations in the U.S. – takes a unique path to growth. Of late, the company has formed new joint ventures with prominent health systems. Those JVs come with advantages. “I think that’s a differentiator for us,” Compassus CEO Mike Asselta recently told me. “It’s something that’s really […]
Elevance Health to acquire CareBridge Elevance Health (NYSE: ELV) is emerging as another “payvider.” It announced last month that it has agreed to acquire the home-based care company CareBridge. The deal is reportedly worth $2.7 billion. CareBridge is a value-based solutions platform for home- and community-based services. After its founding in 2019, the company raised […]
New Day Healthcare – one of the fastest-growing home-based care organizations in the country – has picked up more fuel for its growth engine. The company announced Monday that it has closed on a $125 million senior credit facility with First Citizens Bank. Backed by the private investment company Kaltroco, New Day has executed about […]
Medicare Advantage (MA) companies have faced an unfavorable rate and regulatory environment over the last couple of years. That has given home health providers hope that MA penetration may cool off. It also has given them a bit more leverage in negotiations. Plans will see a 0.16% decrease to core payments in 2025, a second-straight […]
The former owner of a home health company was sentenced to three years and five months in prison last week for his role in a nearly $8 million fraud scheme. Specifically, Muhammad Zafar – of Wayne County, Michigan – offered kickbacks, bribes and other “inducements” to beneficiary recruiters in exchange for Medicare beneficiary information, according […]
Addus Homecare Corp. (Nasdaq: ADUS) leaders believe that, no matter who won the recent presidential election, their company would have been set up well for the future. With that said, the Medicaid Access Rule may now be going away due to Donald Trump’s win, as well as the 80-20 provision. “We really didn’t care so […]
VitalCaring Group – the home health and hospice company led by April Anthony – got caught in the crosshairs of the U.S. Department of Justice (DOJ) this week. The company responded, however, defending its current state and re-emphasizing where it plans to go. VitalCaring agreed to acquire divested assets from Amedisys Inc. (Nasdaq: AMED) in […]
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