Home Health, Hospice Multiples Hit Record High Amid COVID-19 Emergency

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. […]

Interest in Standalone Home Health Agencies Appears to Be Waning

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 […]

WellSky Nabs New Investment from Leonard Green & Partners

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 Hospital of the Future: Intermountain Expands In-Home Care Offering

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, […]

Brookdale Still Deciding How to Use Its $29M in Cares Act Relief Funding

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 […]

LHC Group Bouncing Back from COVID-19 Lows, Eying Post-Coronavirus Growth Opportunities

Devastating events have a way of changing everything, dividing time periods into the “before” and the “after.” In light of the coronavirus, that’s very much how LHC Group Inc. (Nasdaq: LHCG) approached its first-quarter 2020 earnings call, with the national emergency turning the country and the company upside down in mid-March. Before March 15, the […]

Amedisys Awaiting HHS Clarity Before Deploying $100M in CARES Act Relief Funding

Four months’ worth of surgical masks. Six months’ worth of N95 masks. One month’s worth of gowns — with an additional two months’ worth arriving soon. That’s just a quick snapshot of Amedisys Inc.’s (Nasdaq: AMED) current personal protective equipment (PPE) stockpile. As most in-home providers are facing difficulties securing PPE, Amedisys has, so far, […]