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, […]
Category: Hospice
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 […]
Addus HomeCare Corporation (Nasdaq: ADUS) had intended to focus largely on home health and personal care acquisitions in 2022. But when a good hospice deal comes along, it’s difficult to pass up. The Frisco, Texas-based Addus announced Wednesday that it has reached an agreement to acquire “substantially all the assets of” Glenview, Illinois-based JourneyCare for […]
Last April, Addus HomeCare Corporation (Nasdaq: ADUS), Homecare Homebase (HCHB) and CellTrak announced they were teaming up to build “the industry’s first integrated, enterprise-level solution for all types of home-based care.” The next big step in that collaboration has come for two of those organizations. Hearst, the parent company of HCHB, has struck an agreement […]
Fortis Home Health & Hospice acquires Select Home Health Fortis Home Health & Hospice — Grant Avenue Capital’s home-based care buy-and-build initiative — has acquired Select Home Health. The financial terms of the deal were not disclosed. “It did not take long for us to realize that Grant Avenue Capital, alongside Fortis, shared our same […]
A month after the House of Representatives passed the Build Back Better bill, LeadingAge and other aging services organizations are urging lawmakers not to reduce the legislation’s investments into home- and community-based services. “The Senate is considering the most important legislation in a generation for older Americans,” Katie Smith Sloan, president and CEO of LeadingAge, […]
Both chambers of Congress passed legislation this week to keep the government funded through Feb. 18. Home health agencies and other Medicare stakeholders are worried, however, about a potential 6% cut that could be coming down the pike. The cuts come in the form of Medicare sequestration and PAYGO. Signed into law in August 2011, […]
In summer, hardly a week went by where Choice Health at Home wasn’t in the headlines. Founded in 2007 by David Jackson, a licensed physical therapist, Choice is a home health, hospice and rehabilitation services provider with dozens of locations in Texas, Oklahoma and a couple of other states. Eventually, the plan is to build […]
The Pennant Group Inc. (Nasdaq: PNTG) has fallen short of its own goals. At the top of the company’s earnings call Tuesday, Pennant CEO Danny Walker called its Q3 2021 performance “sobering” in relation to its high expectations. Eagle, Idaho-based Pennant’s network includes 87 home health and hospice agencies, plus 54 senior living communities. The […]
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