The nation’s largest senior living provider says its home health and hospice businesses have bounced back—and there are plans to grow both businesses in the near future. In fact, the second quarter of 2016 saw “the beginnings of a recovery in [Brookdale Senior Living’s] ancillary business,” Brookdale Senior Living (NYSE: BKD) CEO Andy Smith said in […]
The start of the Centers for Medicare & Medicaid Services’ (CMS) pre-claim review demonstration has drawn harsh criticism from many stakeholders in the home health care industry. Now, they may be able to say that seniors themselves don’t like the initiative, either. Bring Home the Vote, which sponsored the poll, is a national initiative that […]
Definitive Agreement Made for Amedisys to Acquire Professional Profiles, Inc. Amedisys announced that it has signed a definitive agreement to acquire Professional Profiles Inc., a personal care company, headquartered in Danvers, Massachusetts. The $4.4 million transaction is expected to close on September 1, 2016. Professional Profiles, Inc., has 384 employees and provides non-medical services that range […]
Earnings season is in full swing, and Home Health Care News got the scoop on how various providers fared in the second quarter of 2016. Among those we reported on, we discovered that rising labor costs are taking their toll on even the most prominent home health providers, and that a CFO retirement at Amedisys Inc. […]
After revealing an “unprecedented pipeline” anticipated to produce approximately $1 billion in revenue, national home health and hospice provider LHC Group Inc. (Nasdaq: LHCG) scaled back its plans for future acquisitions. However, the company unveiled a significantly more targeted approach to joint ventures (JVs) moving forward, when discussing earnings results for the second quarter of 2016 […]
Despite Amedisys Inc. (Nasdaq: AMED) posting strong earnings for the second quarter of 2016 and beating analysts’ expectations, investors initially didn’t appear confident in the results as the home health and hospice company’s share price plummeted 13% Wednesday morning. Baton Rouge, Louisiana-based Amedisys reported an adjusted net service revenue of $361.7 million for the second […]
A slew of acquisitions and a leap into innovative investments over the last few years is seemingly paying off for a major home health care services provider. Almost Family (Nasdaq: AFAM) reported record revenue in its recently released quarterly earnings report. For the second quarter of 2016, the Louisville, Kentucky-based company announced net service revenues […]
Kindred Completes Acquisition of Arkansas Department of Health Kindred Healthcare, Inc. (NYSE: KND) has completed the previously announced agreement to acquire the in-home health care operations from the Arkansas Department of Health (ADH) for approximately $39 million. Kindred reached an agreement with ADH after a large amount of skepticism from some Arkansans following a state bidding process. […]
With minimum wage laws taking effect across the country and new overtime protections in place for home care workers, providers large and small are facing increased challenges in controlling labor costs. Two of the most prominent home health providers in the nation—Addus HomeCare Inc. (Nasdaq: ADUS) and The Ensign Group Inc. (Nasdaq: ENSG)—are no exceptions, […]
Home health leaders continue to urge the Centers for Medicare & Medicaid Services (CMS) to hit pause on the Medicare pre-claim review demonstration, which became active and applicable to all home health agencies in the state of Illinois on Monday. The Partnership for Quality Home Healthcare, in particular, voiced concern that CMS has gone ahead […]
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