More and more primary care centers have chosen to specialize in serving seniors. In particular, companies such as CareMax Inc. (Nasdaq: CMAX), VillageMD and Humana Inc., mainly through its CenterWell Senior Primary Care arm, have all solidified their spots in the senior care sector by becoming a one-stop-shop for geriatric services. In the case of […]
Home-based care providers appear to have reached a dangerous growth plateau. Unfortunately, I expect that it’s going to be a difficult one to overcome. After several years of steady growth, demand for in-home care has exploded during the COVID-19 pandemic, with non-medical home care operators and skilled home health providers both so busy they’ve had […]
Often in the home-based care field, transactions are driven by companies seeking to expand their service lines to become one-stop shops for referral partners. Sometimes, however, dealmaking is ignited by a desire to double down on existing expertise. An example of the latter M&A tactic happened Wednesday, with 24 Hour Home Care buying the non-medical […]
Elder Care Homecare, HomeWell Care Services, 24 Hour Home Care and Georgetown Home Care (GHC) are four of the fastest-growing aging-in-place providers in the nation. Revenue diversification, cross-continuum partnerships and niche service offerings have allowed each home care business to maintain strong growth over the past 18 months, even during a pandemic that has triggered […]
Care Advantage has worked to solidify its place in the home-based care space over the past three decades. Now, its latest mission puts value-based care square in its crosshairs. Care Advantage offers a variety of services to patients across Virginia, Maryland, Washington, D.C., and Delaware. The Richmond, Virginia-based company cared for roughly 12,000 patients last […]
After President Joe Biden announced Thursday a new, six-pronged approach to his administration’s COVID-19 strategy that requires most home health workers to be vaccinated against the virus, many questions and concerns remain. More clarity is likely to come to light as specific agencies deal with the next steps following the mandate’s release, like the Department […]
In the U.S. Centers for Medicare & Medicaid Services’ (CMS) proposed payment rule for 2022, the attention-grabber was the expansion of the Home Health Value-Based Purchasing (HHVBP) Model, the details of which excited some providers and left others concerned. While the specifics of the expansion plan were being discussed during the public comment period, however, […]
LHC Group Inc. (Nasdaq: LHCG) has already hit a record year for M&A activity. It added to its streak in a major way on Wednesday, announcing an agreement to purchase Brookdale Health Care Services agencies in 22 states from the recently formed venture between Brookdale Senior Living Inc. (NYSE: BKD) and HCA Healthcare (NYSE: HCA). […]
When it comes to running a successful hospital-at-home model, many have stressed the importance of having a home care component to complement clinical service offerings and provide assistance with patients’ everyday activities. For some home care providers, this fact — and the launch of several new hospital-at-home programs since the start of the pandemic — […]
Home-based care players tout their ability to proactively aid seniors’ health, as opposed to just reactively, and for good reason. Their ability to do just that makes them valuable to patients, payers and partners. To continue keeping seniors safe while they age in place, however, there’s another issue they’ll have to address proactively: increasingly prevalent […]
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