LHC Group Inc. (Nasdaq: LHCG) has turned its cornerstone joint venture strategy up a notch in the early part of 2019, a decision that helped propel the Lafayette, Louisiana-based home health giant to a steady first quarter. JVs will continue to play a leading role as LHC Group readies itself for the Patient-Driven Groupings Model […]
Category: Hospice
Mission Viejo, California-based The Ensign Group Inc. (Nasdaq: ENSG) unveiled plans Monday to spin off its home health, hospice and senior living businesses into The Pennant Group, a separate publicly traded company. Expected to close by the end of 2019, the Pennant spinoff will consist of 60 home health and hospice agencies and 51 senior […]
The number of publicly traded home health companies in operation may soon rise by one, as The Ensign Group Inc. (Nasdaq: ENSG) signaled Monday its intent to spin off and grow a separate business under the name The Pennant Group Inc. Plans for the spinoff — expected to close toward the end of 2019 — […]
Despite expectations that home health admissions in the U.S. would drop in Q3 2018, both home health admissions and utilization continued to increase slightly quarter-over-quarter. Meanwhile, Centers for Medicare & Medicaid Services (CMS) data shows hospice utilization rose to record-breaking levels in the third quarter of 2018, while hospice admission growth declined slightly. The findings […]
HomeCare.com alum joins LifeMatters Silver Spring, Maryland-based home care provider LifeMatters has hired a new COO. Daniel Gold comes to the position after serving as executive vice president and COO of HomeCare.com, which offers tools and technologies to connect families and caregivers. Gold has worked in different capacities within the post-acute care since the early […]
Aging Media Network on Tuesday launched its fifth digital publication, Hospice News, which covers the $28 billion business of hospice and palliative care. As demand for hospice continues to grow, Hospice News will provide industry insights, information and analysis that leaders, investors, and policymakers need to navigate this evolving business and regulatory landscape. Visit www.hospicenews.com for the […]
Encompass Health Corporation (NYSE: EHC) announced Monday that it has reached a definitive agreement to acquire “substantially all of the assets” of Birmingham, Alabama-based Alacare Home Health & Hospice. Under terms of the deal, Encompass Health will pay $217.5 million for the privately-owned company, SEC filings show. The more than $200 million price tag for […]
The Office of the Inspector General (OIG) is making good on its long-held promise to ramp up oversight of home- and community-based services, requesting an extra $10 million in its fiscal year 2020 budget to tackle fraud, waste and abuse in those areas. The extra funding — which would increase this portion of OIG’s budget […]
Another large health system is breaking into home health care and hospice. Dallas, Texas-based Cornerstone Healthcare Group made its first dive into the spaces earlier this month with the acquisition of Phoenix, Arizona-based Southland Home Health. Financial terms of the deal were not disclosed. The acquisition is the first of many similar deals in the […]
Intermountain launches home-based clinical care program Utah-based Intermountain Healthcare — a health system with 22 hospitals, more than 180 clinics and its own health insurance plan — is adding home-based clinical care to its list of services. The new offerings, which are set to roll out over the next few months, will include primary care, […]