Meals on Wheels Turns to Home Care to Help Win Medicare Advantage Partners

Sometimes a name doesn’t tell the full story. That’s the case for Arlington, Virginia-based Meals on Wheels, a meal-delivery service that does more than its name suggests. “In addition to a whole array of nutrition services, [Meals on Wheels] programs are doing in-home assessments,” Lucy Theilheimer, chief strategy and impact officer at Meals on Wheels, […]

Home Health Industry Driving NYC Job Growth

Nationwide, home-based care is booming. In fact, the Bureau of Labor Statistics projects job growth for home health aides and caregivers to increase 41% by 2026, compared to an average growth rate of 7% for all occupations. In New York City, that trend is already taking hold. About one-third of the city’s job growth between […]

Addus Eyes Strategic Acquisitions Ahead of Medicare Advantage Expansion

Coming off of a strong second quarter, Addus HomeCare Corporation (Nasdaq: ADUS) is looking at a busy pipeline for the remainder of the year, executives predicted on a Q2 earnings call Tuesday. Such acquisitions will play an increasingly important role in better positioning the Frisco, Texas-based provider for Medicare Advantage (MA) partnership development in the […]

New Amedisys-ClearCare Personal Care Network Spreading Like Wildfire

In an effort to expand its capabilities and open the door for future Medicare Advantage (MA) opportunities, Amedisys Inc. (Nasdaq: AMED) recently struck an agreement with ClearCare Inc. to create a network of personal care agencies. Already, that network is spreading like wildfire, with 308 agencies representing 32,000 caregivers in 39 states, Amedisys CEO and […]

Counterpoint: Elimination of RAPs Isn’t a ‘Sky-Is-Falling Issue’

Since the Centers for Medicare & Medicaid Services (CMS) announced its proposal to phase out Requests for Anticipated Payments (RAPs) last month, home health providers have voiced their concerns about what the change will mean for them. Industry-wide, the consensus isn’t good. Many providers worry the removal of RAPs, in addition to the other regulatory […]

Home Health, Hospice Valuations Remain Highest in All of Health Care

When it comes to asset valuation, the home health and hospice industries continue to blow the rest of health care out of the water, posting the highest trading multiples sector-wide for the third consecutive quarter. In Q2 2019, home health and hospice had the highest mean trading multiple of 22.7 times EBITDA, up from 21.8 […]

Arosa+LivHome Expands Geographic Footprint While Honor, Papa Win New Partnerships

Arosa+LivHome announces fifth acquisition of 2019 Arosa+LivHome has agreed to acquire The Cameron Group, an Orlando, Florida-based care management and home care agency. On top of that, the Bain Capital Double Impact-backed provider announced the acquisition of Senior Care Management Associates (SCMA) and Companion & Home Care, both located in North Carolina. Financial terms of […]