On Friday, private equity firm Kinderhook Industries closed on its acquisition of home health and hospice provider Enhabit Inc., paying shareholders approximately $762 million. The overall value of the deal was estimated at $1.1 billion when it was announced in February. At the time of the deal’s closing, each outstanding share of Enhabit common stock […]
Category: Hospice
As Aveanna Healthcare Holdings (NASDAQ: AVAH) works through the regulatory approval process for its planned $175.5 million acquisition of Family First Homecare, the company plans to pursue a “thoughtful” M&A strategy in its home health and hospice business. The company’s M&A strategy – as well as its guidance and results – will feel “absolutely no […]
Yesterday, CMS announced six-month moratoria on home health and hospice Medicare enrollment. While there have been rumblings that CMS would take fairly drastic action to curb home health and hospice fraud, the moratorium represents a blunt instrument to do so. The moratoria apply to new home health and hospice agencies and new branch locations. It […]
On Wednesday, the Centers for Medicare & Medicaid Services (CMS) announced a six-month moratorium on Medicare enrollment in home health and hospice, effective immediately. The moratoria will apply to all applications for initial Medicare enrollment as well as to certain changes in majority ownership, which are “frequently used to obscure control by bad actors,” and […]
The Pennant Group (Nasdaq: PNTG) is considering joint ventures and acquisitions following its $146.5 million acquisition of Amedisys home health and hospice assets. The considerations for joint venture and additional M&A come as Pennant continues to integrate the Amedisys assets – a process that is not without its challenges. The company has transitioned two of […]
Addus HomeCare Corporation (Nasdaq: ADUS) has entered a new, “very attractive” state with its acquisition of Indiana-based HomeCourt Home Care. The company has also entered into a definitive purchase agreement to acquire another personal care provider in Indiana, similar in size to HomeCourt, with the deal expected to close in the coming months, according to […]
Last week, federal agents suspended 447 hospices and 23 home health agencies in the greater Los Angeles area over allegations of Medicare fraud totaling an estimated $600 million. The action is part of a broader federal crackdown on fraud across Medicare and Medicaid. Home-based care, in particular, has come under increasing scrutiny from the Centers […]
Medicare fraud has shifted from hospice to home health in certain markets, according to testimony presented to the U.S. House of Representatives Ways & Means Committee on Tuesday. Sheila Clark, the president and CEO of the California Hospice & Palliative Care Association (CHAPCA), testified before the committee that the Centers for Medicare & Medicaid Services […]
On Wednesday, federal agents suspended 447 hospices and 23 home health agencies in the greater Los Angeles area, alleging they defrauded Medicare of an estimated $600 million. The California Hospice and Palliative Care Association (CHAPCA), an advocacy organization for hospice, palliative care and skilled home health providers, welcomed the slew of suspensions. “In California, scammers […]
Home health and hospice provider Frontpoint Health has undergone a leadership change, with Brent Korte stepping down as the company’s CEO. Taking over from Korte is Jay Wendt, who most recently served as CEO at the durable medical equipment (DME) company Stance Health Solutions. “I am thrilled to announce Jay Wendt to the Home Health […]
Subscribe
Receive industry updates and breaking news from HHCN