Academic institutions often have reputations as being enclaves of innovation. And for home health providers that operate as part of university-affiliated health systems, the proximity to their respective institutions can mean greater access to resources. “We definitely have access to great minds, great research and expertise,” Kellie Brockman, director of business development at Duke HomeCare […]
Amid the ongoing COVID-19 pandemic, concern has started to bubble up to the surface over a potential disruption to in-home care M&A activity. For now, experts say it’s business as usual. But coronavirus could have some negative impact in the long-run. In fact, on Tuesday, S&P Global economists predicted a global recession for 2020, forecasting […]
The home health and hospice segment of The Pennant Group Inc. (Nasdaq: PNTG) has been a shining star ever since the company successfully spun off from The Ensign Group (Nasdaq: ENSG) about six months ago. But the coronavirus outbreak is now stealing some of the spotlight. Pennant leadership discussed overall company growth and the potential […]
BrightSpring Health Services is once again on the move. The goal: to create a multi-faceted, fully integrated health care powerhouse with a suite of services focused on the home. It’s been nearly one year exactly since global investment firm KKR and an affiliate of Walgreens Boots Alliance Inc. (Nasdaq: WBA) closed on their $1.32 billion […]
AccentCare announces new chief financial officer Ryan Solomon is joining AccentCare Inc. as its new chief financial officer. Dallas-based AccentCare is a post-acute care organization that has more than 170 locations nationwide. Its service lines include skilled home health and personal care services, along with hospice care, private-duty nursing and care management. In his new […]
Despite an overall solid fourth-quarter performance that sent the company’s stock soaring on Wednesday, Brookdale Senior Living Inc. (NYSE: BKD) is still watching its home health segment lag behind. Brentwood, Tennessee-based Brookdale is one of the country’s largest owners and operators of private-pay senior living communities. The company operates 763 owned, leased and managed senior […]
VNA Health Group awarded $2.5 Million grant The Visiting Nurse Association Health Group has received a $2.5 million grant from the Parker Foundation Inc. — for the second consecutive year. VNA Health Group is one of the largest independent, nonprofit providers of home-based health services in New Jersey and Ohio. The Holmdel, New Jersey-based organization […]
The Patient-Driven Groupings Model (PDGM) likely contributed to a downturn in home health mergers-and-acquisitions activity during the fourth quarter of 2019, according to new data from M&A advisory firm Mertz Taggart. PDGM took effect on Jan. 1. Dealmaking for non-medical home care assets largely remained steady. All in all, 2019 saw at least 42 home […]
Eden Health acquires Legacy Home Healthcare Eden Health has acquired Legacy Home Healthcare, an Arizona-based provider that serves Greenlee, Graham and Cochise counties. Eden Health is the employee-owned home services division of Vancouver, Washington-based EmpRes Healthcare Management LLC. As a part of the transaction, Eden Health will take over Legacy Home Healthcare’s two locations in […]
It’s safe to say that 2019 was a banner year for Amedisys Inc. (Nasdaq: AMED). The Baton Rouge, Louisiana-based company doubled down on hospice — announcing a number of deals. On the personal care side, Amedisys entered into and saw success in an innovative partnership with ClearCare Inc. Over the past few years, Amedisys has […]