Enhabit Defends Medicare Advantage Strategy, Overhead Costs

On Monday, Enhabit Inc. (NYSE: EHAB) defended its strategy of taking on more Medicare Advantage (MA) revenue over the last couple of years. It did so in yet another response to AREX Capital Management, an activist investor that owns 4.9% of Enhabit shares. Enhabit and AREX Capital – which wants to replace Enhabit’s current board […]

Pennant Group Forms Home Health Agreement With Hartford HealthCare, Enters East Coast

The Pennant Group (Nasdaq: PNTG) has formed a partnership with Hartford HealthCare at Home (HHCAH), the home health and hospice segment of Hartford HealthCare. The deal is a management and consulting services agreement, which has an aim of providing operational support to HHCAH. “We have deep admiration for Hartford HealthCare and the commitment to home-based […]

With $350 Million Gentiva Deal, Addus Puts Its Money Where Its Mouth Is

On Monday, Addus HomeCare Corp. (Nasdaq: ADUS) announced what would be the biggest transaction of 2024 thus far. Its $350 million deal for Gentiva’s personal care business could reflect a tide change in the recently slow home-based care M&A market. It’s also reflective of Addus’ impressive ability to deliver on its strategic vision. Though the […]