Encompass Health Flags Top PDGM Concerns

Encompass Health (NYSE: EHC) has two primary concerns with the proposed Patient-Driven Groupings Model (PDGM) for Medicare home health payments. The Birmingham, Alabama-based organization is one of the largest home health providers in the nation, with more than 198 locations across the country. The company is also the largest inpatient rehabilitation facility (IRF) operator in […]

New DOL Employment Guidelines Should Put Home Care Registries on Notice

The U.S. Department of Labor has updated guidance that its field staff will use in investigating home care registries to determine whether they are directly employing workers. It is a “longstanding position” of the DOL that the typical home care registry does not directly employ caregivers, according to the July 13 bulletin. However, registries become […]

Home Health Stays Hot with 21 M&A Deals in Q2

Home health merger and acquisition activity continued at a healthy clip in the second quarter of 2018, with 21 publicly announced deals. That’s up from 12 acquisitions in Q2 2017, according to newly released data from market intelligence firm Irving Levin & Associates. On a quarterly basis, deal volume dipped slightly; there were 23 publicly […]

Disrupt—Alliance CEO on How Wrap-Around Home Care Drives Hospital Referrals

After a 14-year career in finance, Gregory Solometo founded Alliance Homecare. Today, the company is building on its reputation for providing high-end services as it expands in and beyond the nation’s largest metropolitan area. Based in Manhattan, Alliance’s service area includes New York City and the nearby counties of Nassau, Suffolk, Rockland and Westchester, and […]

Kindly Care Raises $5.4 Million, Plans East Coast Expansion

Kindly Care—a startup that helps clients find, hire and manage at-home caregivers—has raised $5.4 million in a Series A round and is planning to expand to the East Coast for the first time. The company has also backed away, for the moment, from sharing workers with home care agencies through a platform dubbed Care Exchange. […]

Jordan, Great Lakes, National Home Health Rebrand as Elara Caring

Earlier this year, a three-way merger created one of the largest home health providers in the United States, and the combined company now is rebranding as “Elara Caring.” The merger, which closed in May, unites Jackson, Michigan-based Great Lakes Caring; Cromwell, Connecticut-based National Home Health Care; and Addison, Texas-based Jordan Health Services. Backed by private equity […]

Humana Posts Highest-Ever Share Price Following Kindred, Curo Deals

Insurance giant Humana (NYSE: HUM) now officially owns a stake in the nation’s largest home health and hospice provider, and investors appear to be excited by this development. Humana’s share price hit its highest-ever peak last Thursday, trading at $319.44, according to Yahoo Finance data. The Louisville-based company’s moves into the home health and hospice […]

Rumored Amazon Pilot Would Target Hospital-to-Home Transitions

Two health systems are reportedly working with Amazon (Nasdaq: AMZN) and a startup called Xealth, with plans to launch a pilot program that could ease patients’ transition between hospital and home. “The idea behind the pilot, which is still under review and is slated to start in a matter of months, is to provide patients […]

Fazzi Associates Acquired by TPG-Owned Software Company Mediware

Software company Mediware has acquired Fazzi Associates, a firm that provides consulting and other services to the home care and hospice industry. Mediware is a portfolio company of TPG Capital, a private equity giant that also owns a stake in the nation’s largest home health and hospice provider. Northampton, Massachusetts-based Fazzi serves more than 1,400 […]