Brookdale Senior Living Inc. (NYSE: BKD) has performed over 100,000 COVID-19 tests across 44 states since the public health emergency began. It has been doing that while rebuilding its home health patient census, which took a substantial hit due to elective surgeries shutting down in spring. Brentwood, Tennessee-based Brookdale operates and manages more than 730 […]
Category: Hospice
Since the worst stretch of the public health emergency, LHC Group Inc. (Nasdaq: LHCG) has seen a decrease in weekly COVID-related missed visits and improved its average daily census. It has also added thousands of new physician referral sources, a win for the company considering many institutional sources are at a standstill. Those are just […]
Across the U.S., ongoing protests against police violence toward Black Americans and other people of color have caused many companies to take a closer look at issues pertaining to workplace diversity and inclusion. For some companies, this time has been a call to action, with many announcing plans to develop initiatives aimed at addressing inequality […]
Despite the economic turmoil of the ongoing COVID-19 emergency, home health and hospice multiples hit record-breaking numbers in the first half of 2020. Specifically, multiples reached 29 times in the early part of this year, beating their previous high of 26 times in 2019, according to a recent report by PricewaterhouseCoopers’ (PwC) Health Research Institute. […]
Increasingly, home health providers have worked to expand their service offerings to care for patients on a more longitudinal basis. Mergers-and-acquisitions activity in the second quarter of 2020 reflected that trend. Specifically, Q2 saw a number of deals that consisted of home health care and hospice pairings, according to the latest monthly M&A report from […]
Private equity-backed health care software company WellSky has a new investor and a new capital structure, the company announced Monday. TPG Capital — the PE platform that currently owns WellSky — has entered into a definitive agreement to add private equity firm Leonard Green & Partners LP (LGP) as a capital partner. As part of […]
The Pennant Group Inc. (Nasdaq: PNTG) announced Wednesday that it has purchased two home health agencies with multiple locations throughout southeastern Idaho and northern Utah. The financial terms of the deal were not disclosed. The Pennant Group came to fruition last year, a spinoff of the Ensign Group (Nasdaq: ENSG). Before the newly announced deal, […]
Utah-based Intermountain Healthcare is delving deeper into the home with its latest offering: hospital-level in-home care. Intermountain is a health system with 24 hospitals, a medical group with about 160 clinics and its own health insurance plan, among other services. The not-for-profit announced a concerted effort to move more care into the home last year, […]
Nearly every industry in the country is feeling the impact of the COVID-19 virus in one way or another. And the home-based care space is far from immune. However, the in-home care M&A landscape remains relatively strong. While deal activity will undoubtedly slow as a result of the coronavirus, the future looks bright, according to […]
Brookdale Senior Living Inc. (NYSE: BKD) is still recovering from COVID-19 headwinds that have negatively impacted its home health service line. Brookdale is one of the largest senior living owners and operators in the country, with nearly 750 retirement communities that serve roughly 65,000 residents. Its health care services department includes hospice and home health […]