HealthSouth Corporation (NYSE: HLS) has agreed to acquire privately held EHHI Holdings, Inc., the owner of Encompass Home Health and Hospice, for approximately $750 million. The transaction has been approved by both companies’ boards and is expected to close before the end of the year, HealthSouth announced Monday. Previously, rumors suggested Cressey & Company, the […]
Category: Home Health Care
CareAll Management LLC and its affiliated entities have agreed to pay $25 million, plus interest, to the United States and the state of Tennessee to settle False Claims Act allegations, the Department of Justice (DOJ) announced recently. The settlement resolves allegations that CareAll — based in Nashville, Tenn., and one of the state’s largest home […]
Apollo Medical Holdings, Inc., an integrated physician-centric health care delivery company, announced recently the launch of a new subsidiary, Apollo Palliative Services (APS), with the acquisition of majority stakes in both a hospice agency and a home health company. The hospice agency serves three counties in Southern California, with an average daily census of 40 […]
When competing against trendy “paint-and-sip” (think: BYOB with an artistic flair), fitness and frozen yogurt franchises, in-home senior care may not be the most up-and-coming concept. But three such companies have snagged spots among the top five in a list of emerging franchises, ranked by the Franchise Business Review. In its quest to find and […]
The Centers for Medicare & Medicaid Services (CMS) announced a final rule Thursday that will enact changes to the Medicare home health prospective payment system (HH PPS) for calendar year 2015, which the agency projects would reduce Medicare payments to home health agencies by .30%, or $60 million. “[The rule] will foster greater efficiency, flexibility, […]
Benjamin Breier, president and chief operating officer of Kindred Healthcare (NYSE: KND), will take over next year as CEO of the national post-acute and rehabilitation services provider, the company announced Thursday. Breier, 43 — who has been with Kindred since 2005, starting as president of the company’s rehabilitation division — will replace current CEO Paul […]
Anchorage, Alaska-based federal contractor Chenega Corporation has purchased AQTS Home Health in San Antonio to expand into the commercial home health care market, the San Antonio Business Journal reports. The purchase price was not disclosed. AQTS Home Health, part of the Access Quality family of companies, has 75 full-time employees in San Antonio that provide nursing, occupational […]
The debate over minimum wage in the home health care industry continues, as the most recent critics prove to be an unlikely group to criticize the movement: disability rights advocates, Bloomberg BusinessWeek reports. The article follows the Department of Labor’s decision earlier this month to delay enforcement of its new rule extending minimum wage and […]
The founder of three Detroit-area home health agencies has pleaded guilty in federal court for his role in a $22 million home health care fraud scheme involving kickbacks, the U.S. Department of Justice (DOJ) announced this week. Tayyab Aziz, 45, of Homer Glen, Ill., pleaded guilty in the Eastern District of Michigan to one count […]
Following a statewide campaign to raise the minimum wage, the Missouri Home Care Union announced Monday it had reached a deal with state negotiators to raise the wage for its home health workers. The collective bargaining agreement set home health care attendants’ wage between $8.50 and $10.15 an hour, less than the $11 proposed minimum […]
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