The number of health care mergers and acquisitions trended downward nearly 10% in the third quarter of 2012, but the home health care sector bucked that trend, seeing a 50% increase in deals year-over-year. The trend overall represents a continuation from the second quarter of 2012, and aligns with a downturn in transactions in dollars, […]
More patients would be able to access home health care through Medicare benefits to treat chronic conditions as a result of a class action lawsuit settlement with policy implications announced this week. In the proposed settlement, the Obama Administration has agreed to abandon a former policy that required Medicare recipients to show a likelihood of […]
The market for home health care and hospice providers is heating up from a mergers and acquisitions standpoint, counting “unusually large” deals among the most recent transactions in the space. Mergers and acquisitions topped $1.4 billion total in 2010, marking it a record year due in large part to two milestone transactions, says a report […]
Despite troubled job growth in most sectors across the United States, home health care jobs are set to boom, says a recent report by USA Today. Health care needs among the aging population and home care demand in general is leading to a surge in job openings among occupations such as nursing, the article states, […]
Indiana will receive $78 million in new grant funding to help seniors and people with disabilities live in communities and receive care there rather than going to a nursing home or another assisted living community. Under the federal health care law, the state was awarded the new funding, announced Tuesday by the Centers for Medicare […]
The United States is making way for new jobs in light of a weaker overall job market, but they are concentrated heavily in one important sector: health care. Health care jobs, currently on the rise at a rate of around 10%, will continue to surge in the coming years as the number of doctors falls, […]
Elder abuse has reached the point of epidemic, says a new study from the Investor Protection Trust, with 65% of more than 750 interviews with experts who work with older Americans revealing victims of investment fraud or financial exploitation. Of those who commit elder financial fraud, family members and caregivers are among the most common […]
New Mexico-based Heritage Home Healthcare this week announced it has acquired two area home health care companies, according to a local report by New Mexico Business Weekly. Through the acquisitions of Albuquerque-based Maroland LLC and 800 HomecCare LLC in Las Cruces, Heritage Home Healthcare will gain 380 new employees to its current staff of 1,200. […]
Home health agency CareSouth, based in Augusta Georgia, this week announced it has acquired Alliance Care to expand its services throughout Florida, and boosting job creation in Georgia. The acquisition includes 500 employees from Alliance Care, essentially doubling the company’s workforce, according to a report from the Augusta Chronicle. The acquisition will lead to new […]
Aging baby boomers will face a challenge in the demands that are now putting increasing pressure on providers of home health care, writes an Associated Press article. The home health care industry is expected to see a boom in coming years, adding 1.3 million jobs, according to the U.S. Labor Department. “If those jobs can’t […]
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