Prospero Health Continues National Expansion Push by Entering SoCal Market

Prospero Health is continuing its national expansion efforts. The home-based health care company announced Monday that it’s now entering the Southern California market. Founded in 2019, Boston-based Prospero Health is a physician-led home-based health care company that provides supportive care to people with advanced illnesses. As of March 2021, Prospero serves more than 9,000 patients […]

LHC Group’s Myers: ‘Choose Home’ Initiative Would Reshape Long-Term Care

The United States is on the brink of another major shift that will change how, when and where Medicare beneficiaries access health care services. The Lafayette, Louisiana-based LHC Group Inc. (Nasdaq: LHCG) is doing everything in its power to position itself for that coming shift, executives detailed during a Friday morning conference call on fourth […]

EVV Difficulties Creating M&A Opportunities for Addus HomeCare Corporation

Over the last few months, Addus HomeCare Corporation (Nasdaq: ADUS) has had to deal with a challenging legislative environment and significant COVID-19 surges that have affected clients and caregivers alike. Still, the Frisco, Texas-based in-home care provider is maintaining its course, particularly when it comes to M&A activity in 2021. “We continue to evaluate and […]

Rural Access to Home Health Services, PACE Among Lawmakers’ Future Spending Priorities

U.S. lawmakers have repeatedly highlighted a need to rethink the nation’s long-term care landscape in recent months, partly in response to the COVID-19 pandemic but also because of the country’s rapidly changing demographics. A recently published budget report from the House Appropriations Committee obtained by Home Health Care News offers further insight into that call […]

Why the $400M HCA Deal Is a ‘Win-Win Transaction’ for Brookdale

Brookdale Senior Living Inc. (NYSE: BKD) revealed Wednesday that it’s selling an 80% stake in its health care services business to HCA Healthcare (NYSE: HCA) for $400 million. At first glance, the transaction could be interpreted as a savvy move that enables Brookdale to cash in on its sizable home health, hospice and outpatient therapy […]

BrightSpring Reportedly Acquires Abode in $775M Deal

BrightSpring Health Services has reportedly brokered a deal to acquire Abode Hospice and Home Health, according to PE Hub. Based in Louisville, Kentucky, BrightSpring provides a diverse array of home- and community-based services, serving more than 350,000 patients across 50 states. In 2019, BrightSpring was acquired by global investment firm KKR, with Walgreens Boots Alliance […]

Brookdale Selling Majority Stake in Home Health Business to HCA Healthcare

Brookdale Senior Living Inc. (NYSE: BKD) announced Wednesday it has entered into a definitive agreement to sell a majority stake in its home health, hospice and outpatient therapy business. As part of the transaction, the Brentwood, Tennessee-based Brookdale will partner with HCA Healthcare (NYSE: HCA), a for-profit operator of health care facilities that has more […]