Like its industry peers, The Pennant Group Inc. (Nasdaq: PNTG) has had to navigate COVID-19-related business disruptions as well as other headwinds, some of which even prompted the company to start looking under its own hood for answers. Now, operating with the view that COVID and many of its impacts have become endemic, the company […]
In terms of business, providers are slowly beginning to move away from the strict distinctions of home health, home care and hospice. “These are separate businesses,” Dexter Braff, president of The Braff Group, said on Wednesday during a panel discussion at the 18th annual Healthcare Private Equity & Finance Conference. “These are only separate because […]
Earlier this week, Axios reported that Humana Inc. (NYSE: HUM) is gearing up for a sale of Kindred at Home’s hospice business and seeking a multiple of 12 times EBITDA. Two days later, Encompass Health Corporation (NYSE: EHC) reaffirmed its plan to spin off its home health and hospice segment into a new publicly traded […]
Dealmaking in 2021 for home-based care had its highs and lows. On an annual basis, home health, home care and hospice operators saw an overall spike in M&A activity, according to the latest update from advisory firm Mertz Taggart. In total, there were at least 166 home health, home care and hospice deals in 2021, […]
HCA Healthcare Inc. (NYSE: HCA) executives provided a brief update on the company’s home health and hospice operations Thursday. It was the first time the Nashville, Tennessee-based hospital giant shared additional information about its post-acute care plans since finalizing its $400 million deal with Brookdale Senior Living Inc. (NYSE: BKD) in July. “We’re in the […]
LHC Group Inc. (Nasdaq: LHCG) executives have spent the past several months preparing for 2022, which President and COO Josh Proffitt describes as a year of “great opportunity.” “There are a lot of positive forces shaping home health care,” the industry veteran recently told Home Health Care News. For the industry as a whole, that […]
In December 2020, Encompass Health Corporation (NYSE: EHC) announced that it was “exploring strategic alternatives” for its home health and hospice segment. The company doubled down on its preferred option on Wednesday. The Birmingham, Alabama-based company announced it intends to spin off the segment into a new publicly traded company under the name “Enhabit Home […]
LHC Group Inc. (Nasdaq: LHCG) is coming off a record year in terms of new acquisitions and acquired revenue. The Lafayette, Louisiana-based company will now look to complement those outside additions through strong organic growth in 2022. Considering today’s supportive policy landscape, stable reimbursement environment and the skyrocketing demand for in-home care from referral partners, […]
Activist investment firm Jana Partners is reportedly urging Encompass Health Corporation (NYSE: NYSE) to reconsider plans to spin off its home health and hospice segment into a new public entity. Instead, Jana wants the Birmingham, Alabama-based company to circle back to a potential third-party merger. There are hypothetical advantages and disadvantages to both a public […]
Compassus announced Wednesday that David Grams will be taking the helm as the company’s next CEO. Grams succeeds Jim Deal, who will stay on as the company’s chairman of the board. “I am confident David is the right leader to steer Compassus through the evolution of home-based care while focusing on increasing access to quality […]
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