Kindred was just the beginning. After a big week, it’s clear that insurance giant Humana (NYSE: HUM) is not content with owning a stake in the nation’s largest home health provider, but is quickly creating a care delivery platform with a wide range of home-based services. On April 23, Louisville-based Humana announced that it would […]
Nonprofit health system ProMedica is planning to acquire the operations of HCR ManorCare, including the company’s large home health arm. At the same time, Welltower Inc. (NYSE: WELL)—one of the largest U.S. health care real estate investment trusts (REITs)—has reached an agreement to acquire ManorCare landlord QCP in a $1.95 billion all-cash deal. Going forward, […]
One of the largest providers of home care in the United Kingdom is in dire financial straits—and the reasons why will sound familiar to U.S. providers. Allied Healthcare filed a company voluntary arrangement (CVA) on Monday, as a way to restructure its financial obligations while remaining operational. Allied provides care for more than 13,000 Britons […]
Amazon’s voice-enabled Echo technology is already starting to transform home care. Now, it appears the company is trying to take the tech a step further by creating robots for the home. Amazon (Nasdaq: AMZN) has been pursuing an “ambitious, top-secret plan” to create the robot, Bloomberg reported Monday, citing unnamed sources familiar with the matter. […]
Insurance giant Humana (NYSE: HUM) and two private equity firms—TPG Capital and Welsh, Carson, Anderson & Stowe (WCAS)—have agreed to acquire privately held hospice operator Curo Health Services for about $1.4 billion. The consortium of acquiring companies is already in the midst of buying the nation’s largest home health provider and second-largest hospice provider, Kindred […]
Cantata, a Chicago-area senior housing and care provider, is achieving success with its Take2 home care model, increasing margins even as clients are paying less for services. Take2 was piloted in 2014, rolled out on a wider scale in 2016, and now serves about 60 people after a record month for new sign-ups in March, […]
As the home care industry becomes more complex and competitive, large franchisors see a growing opportunity to turn existing, independent businesses into franchise locations. Cincinnati, Ohio-based FirstLight Home Care and Gurnee, Illinois-based BrightStar Care are two examples of national franchise companies pursuing this avenue for growth. “In the last 12 months, we’ve really gotten serious […]
Nova Leap Health Corp. (TSXV: NLH) has completed its acquisition of a Massachusetts home care company for $1.2 million, on the heels of raising about $1 million through a brokered private placement of shares. Nova Scotia, Canada-based Nova Leap Health will use the proceeds of the private placement to fund its growing portfolio of home […]
The average number of Medicare home health providers per U.S. county has decreased, while the average number of hospice providers has increased. That’s according to the latest quarterly update that the Centers for Medicare & Medicaid Services (CMS) has made to its market saturation and utilization tool, which shows metrics for a variety of health […]
Josh Bruno is preparing to step down as CEO of Hometeam, the New York-based home care startup that he founded. The company’s president, Matt Marcotte, also has left the company after a five-month stint, as Hometeam is shifting its business model. Hometeam confirmed the executive shakeup to Home Health Care News on Friday, following an […]
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