Following an ongoing series of acquisition rejections, Kindred Healthcare (NYSE:KND) has again increased its offer to buy Gentiva Health Services (NASDAQ:GTIV). Gentiva recently rejected Kindred’s offer to acquire all outstanding shares of the company’s common stock for $14.50 per share, saying the offer undervalued the company and was not in the best interests of its shareholders. […]
Home care workers in Minnesota are gearing up for what organizers say would be the largest union election vote in state history. Workers and organizers with the Service Employees International Union delivered state officials 9,000 union cards signed by workers calling for the election, TwinCities.com reports. These cards represent nearly 35% of potential voters, as […]
The Centers for Medicare & Medicaid Services (CMS) has proposed a rule that would cut Medicare reimbursements for durable medical equipment (DME), prosthetics, orthotics and supplies (DMEPOS) by more than $7 billion from 2016 to 2020. The proposed rule would create significant changes to Medicare coverage and payment policies for DMEPOS, including a methodology for adjusting […]
Medical supply company CardioSom, LLC has prevailed in its lawsuit against the U.S. government, paving the way for some 300 other providers to follow suit, HME News reports. Chief Judge Patricia Campbell-Smith of the U.S. Court of Federal Claims recently ruled that the government was in breach of contract when it rescinded contracts in the original […]
New technology solutions show promise in helping seniors stay at home, with focuses on therapy, socialization and monitoring programs. One tool has even been proven to reduce the need for anxiety medications by 30%, according to a recent Forbes article. This tool, called Paro, is a $6,000 therapeutic robot seal that gives seniors a chance to […]
Gentiva Health Services (NASDAQ:GTIV) has rejected Kindred Healthcare’s (NYSE:KND) latest bid to buy the company, saying it significantly undervalues Gentiva and is not in the best interests of its shareholders. In the most recent bid, Kindred offered to acquire all outstanding shares of Gentiva’s common stock for $14.50 per share, making the deal a $1.7 billion acquisition. […]
In the latest move of Kindred Healthcare’s ongoing quest to buy Gentiva Health Services, Kindred (NYSE:KND) has sent a letter to the Gentiva (NASDAQ:GTIV) board of directors, telling the company to reconsider its pursuits of acquiring Amedisys Inc. (NASDAQ:AMED). The acquisition, Kindred writes, would disenfranchise Gentiva shareholders. Instead, Kindred urges the board to discuss its “highly […]
The National Hospice and Palliative Care Organization is making it easier for families to search for hospice providers through a new resource tool. The free worksheet “Choosing a Quality Hospice,” available on NHPCO’s Moments of Life website, gives patients and families answers to questions they should consider when choosing a hospice. For example, one of the questions […]
The Affordable Care Act’s employer insurance mandate, one of the most controversial elements of the health care reform law, has been the center of focus for home care agencies nationwide, and two congressmen are now taking action. As part of the mandate, companies with 50 or more full-time employees will be fined for failing to […]
Researchers continue to look for ways to identify and prevent falls, as every year one in three adults age 65 and older experiences a fall, which can lead to debilitating injuries and even death. The latest technological development uses a smartphone as a tracking device to monitor the user’s walking pattern, according to an article on […]
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