Home health workers are again filing suit against Advocate Health Care, as a group of home care nurses claim the company improperly exempted them from certain federal and state wage laws and therefore owes them overtime pay. Advocate is a faith-based, not-for-profit health system based in Downers Grove, Illinois. The company has one of the […]
Category: Home Health Care
The chief compliance officer of Baton Rouge, Louisiana-based Amedisys, Inc. (NASDAQ: AMED) will take a year of paid leave beginning Aug. 1 under an employee agreement, the home and hospice company announced. No explanation was provided for Jeffrey D. Jeter’s pending departure in an SEC filing submitted earlier this month. Under the agreement, Jeter will […]
A private equity firm has moved to purchase a home health agency in New York for about $103 million*, in what would be one of the highest-value transactions in recent quarters. New York-based private equity firm Blue Wolf Capital has moved to purchase the National Home Health Care Corporation (NHHC), according to Capital One (NYSE: COF), […]
Care Finders Completes Two More Acquisitions Care Finders Total Care, a New Jersey-based home health care company, has completed two more acquisitions, bringing the total number of acquisitions the company has completed to 10 over the last 24 months. Care Finders acquired Wayne, New Jersey-based Emerald Health Care Services and Morris Plains, New Jersey-based Family […]
When it comes to end-of-life discussions, there tends to be a major disparity between thought and action. In Massachusetts, for example, 85% of residents believe that patients and their doctors should discuss end-of-life care—but only 15% of them have actually had these conversations. The figure doesn’t rise much for people who have serious illnesses—only about a […]
This week, Home Health Care News readers heard why Kindred Healthcare isn’t satisfied being the largest home health provider in the country, how San Francisco-based Honor plans to tackle the Los Angeles market and where in the United States home care rates are rising most sharply. Here in the newsroom, we enjoyed 10 California seniors’ […]
There’s a major lack of home health care for sick children in California, and local lawmakers are blaming too-low state Medicaid reimbursement rates for the problem. In fact, state and industry data, as well as testimony from California skilled nursing facilities, parents and hospitals, indicate that there are major home health care accessibility issues statewide, according […]
The amount of money being put toward acquiring home health and hospice companies is increasing, according to the latest figures from Irving Levin Associates, Inc.’s ‘Health Care M&A Report.’ Specifically, the dollars spent on home health and hospice mergers and acquisitions in the first quarter of 2016—in cases where the price was disclosed—rose 69% from […]
Three of the most prominent publicly traded home health companies had a banner month in April, with their stock market performance setting a new record and outpacing the S&P 500 index overall. Specifically, the average market value of LHC Group (Nasdaq: LHCG), Almost Family (Nasdaq: AFAM) and Amedisys (Nasdaq: AMED) has surpassed its previous record high reached […]
Americans deciding where to spend their over-55 years shouldn’t choose a state based solely on the promise of sunny, warm weather. In fact, they should set their sights on the sometimes cold and gloomy Midwest. That’s because South Dakota is the best state in the country in which to grow old, according to a new […]