There’s a flood of changes surging toward the U.S. home health care industry. But thanks to widespread recognition, improved quality and staunch advocacy efforts, providers have never been standing on higher ground. That was the key message delivered by the National Association for Home Care & Hospice (NAHC) leadership Sunday during the Washington, D.C.-based nonprofit […]
Addus completes Hospice Partners of America deal Addus HomeCare Corporation (Nasdaq: ADUS) has completed its purchase of Hospice Partners of America. The Frisco, Texas-based at-home care company bought the multi-state hospice provider for $130 million cash — $118.4 million of which was in value and $11.6 million was in estimated tax benefits, according to a […]
TEAM Services Group acquires AmeriBest Home Care TEAM Services Group, a portfolio company of Alpine Investors, has purchased AmeriBest Home Care from Boyne Capital, a Miami-based private equity firm. The financial terms of the deal were not disclosed. Philadelphia-based AmeriBest is a home agency that provides services that include long-term care, skilled nursing, medical social […]
A labor bill that widens the scope of who is considered an employee in one state has been signed into law. California Governor Gavin Newsom, a Democrat, signed the legislation Wednesday — potentially creating problems for some home health and hospice providers there going forward. “It will definitely have implications for [home-based] care,” National Association […]
Lawmakers in one state recently passed a labor bill that could be damaging to the bottom lines of many home health and hospice agencies there. California’s Assembly Bill 5 (AB 5) passed in the Senate Wednesday and is headed to the desk of Governor Gavin Newsom, who is expected to sign the proposed legislation into […]
To remain competitive in today’s post-acute care landscape, a number of previously one-dimensional companies have evolved into “one-stop shops,” or integrated businesses that offer an array of complementary services. Wilmington, North Carolina-based Well Care Health is the perfect example of that trend. Founded in 1987 by Tanya and Wayne Long, Well Care Health started out […]
Overture Home Care hires former school administrator Fort Worth, Texas-based Overture Home Care has hired a new executive director. Zachary Tarrant comes to the role with a background in education, previously having served as a principal, administrator and teacher. He will lead the company’s business operations and management of Overture’s headquarters, allowing CEO Denise Helms […]
Regulatory changes and industry-wide consolidation are keeping home-based care providers on their toes, especially when it comes to merger and acquisition (M&A) activity. Many predict the M&A landscape in the year ahead will be filled with high highs and low lows, thanks largely in part to the pending implementation of the Patient-Driven Groupings Model (PDGM). […]
Frisco, Texas-based Addus HomeCare Corporation (Nasdaq: Adus) has signed a definitive agreement to purchase Hospice Partners of America LLC for $130 million cash, the multi-state home care services provider announced Monday. The move is yet another example of how hospice is outpacing home health care on the M&A front. Frisco, Texas-based Addus is primarily a […]
The Centers for Medicare & Medicaid Services (CMS) made waves in January when it unveiled plans to test a hospice carve-in under Medicare Advantage (MA), a step long viewed as “inevitable.” Specifically, CMS officials said they would test the feasibility of a hospice carve-in starting in 2021 through the MA Value-Based Insurance Design (VBID) model. […]