Home health agencies are increasingly becoming a bigger part of the overall health care equation, leading to more interest not only from investors, but also from other organizations looking to partner across the care continuum. This rings true especially for hospitals, which are more closely scrutinized federally based on lengths of stay, readmissions and total […]
HealthSouth Corporation (NYSE: HLS) has agreed to acquire privately held EHHI Holdings, Inc., the owner of Encompass Home Health and Hospice, for approximately $750 million. The transaction has been approved by both companies’ boards and is expected to close before the end of the year, HealthSouth announced Monday. Previously, rumors suggested Cressey & Company, the […]
Mercy, a member of the largest health system in Ohio, has entered into a Care Collaboration Agreement with Senior Independence (SI), a Medicare-certified provider of home health and hospice services in Ohio. The agreement seeks to increase the overall well-being of patients through education and management of chronic diseases; reduce avoidable hospitalizations, hospital readmissions and […]
CareAll Management LLC and its affiliated entities have agreed to pay $25 million, plus interest, to the United States and the state of Tennessee to settle False Claims Act allegations, the Department of Justice (DOJ) announced recently. The settlement resolves allegations that CareAll — based in Nashville, Tenn., and one of the state’s largest home […]
Kindred Healthcare, Inc. (NYSE: KND), the nation’s largest provider of integrated post-acute care and rehabilitation, recently announced that it has signed a definitive merger agreement to acquire Centerre Healthcare Corporation for approximately $195 million in cash. Centerre currently operates 11 inpatient rehabilitation hospitals with 612 beds in partnership with some of the nation’s leading acute care hospital […]
The nation’s largest senior living provider, Brookdale Senior Living, is proving to be a force to be reckoned with in the home health care industry. Nine of the provider’s home health agencies have been ranked among the top 25% of agencies in the United States, according to the ninth annual HomeCare Elite list, compiled by National […]
The Office of the Inspector General (OIG) has released its work plan for 2015, addressing various issues relating to home health care and hospice. Among the topics addressed are the home health prospective payment system, fraud, health screening, hospice patients’ length of stay in assisted living facilities and the appropriateness of hospices’ general inpatient care […]
Hospice services in nursing homes are increasing at a faster pace than in any other care setting, according to the National Hospice and Palliative Care Organization’s (NHPCO) latest report. As the average life expectancy in the U.S. rises, so too does the number of individuals who die of chronic diseases and require long-term care. Last […]
Apollo Medical Holdings, Inc., an integrated physician-centric health care delivery company, announced recently the launch of a new subsidiary, Apollo Palliative Services (APS), with the acquisition of majority stakes in both a hospice agency and a home health company. The hospice agency serves three counties in Southern California, with an average daily census of 40 […]
Home health care, among other industries with lower-paying positions, continues to be a force pushing New York City’s employment toward recovery, writes The Wall Street Journal in a recent article. Jobs in the home health care services industry have jumped 55.7% since 2009, with 108,200 people in the field as of September. At least three […]
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