Home Health, Home Care M&A Activity Is Business As Usual — For Now

Amid the ongoing COVID-19 pandemic, concern has started to bubble up to the surface over a potential disruption to in-home care M&A activity. For now, experts say it’s business as usual. But coronavirus could have some negative impact in the long-run. In fact, on Tuesday, S&P Global economists predicted a global recession for 2020, forecasting […]

Alignment Healthcare Raises $135M; FirstLight Expands Internationally

Alignment lands $135 million in Series C Medicare Advantage (MA) startup Alignment Healthcare has deepened its pockets. The Orange, California-based MA player announced March 4 that it has raised $135 million in Series C funding, led by Fidelity Management & Research Company. Additional funding came from funds and accounts advised by T. Rowe Price Associates […]

Pennant Group Taking Coronavirus Cues from CMS, SNFs

The home health and hospice segment of The Pennant Group Inc. (Nasdaq: PNTG) has been a shining star ever since the company successfully spun off from The Ensign Group (Nasdaq: ENSG) about six months ago. But the coronavirus outbreak is now stealing some of the spotlight. Pennant leadership discussed overall company growth and the potential […]

Home-Focused Health Care Organizations to Merge, Form New Enterprise with $300M in Gross Annual Revenue

Two Florida health systems, Empath Health and Stratum Health System, are merging. The two health care organizations revealed the news last week. Stratum Health System is the network that oversees and supports both Approved Home Health and Avidity Home Health, two agencies with multiple locations in southwest Florida. Empath Health, which focuses on patients with […]

Skilled Nursing Facilities, Long-Term Care Hospitals May Look to Cash In on PDGM Turmoil

At Amedisys Inc. (Nasdaq: AMED), phones are ringing off the hook, with smaller home health providers calling the Baton Rouge, Louisiana-based company to talk about dealmaking opportunities. LHC Group Inc. (Nasdaq: LHCG) is experiencing much of the same, so much so that its top executives anticipate “historic” consolidation over the next several months. Elsewhere in […]

Pennant Group Enters New Joint Venture; Prepared Health Rebrands

The Pennant Group Inc. (Nasdaq: PNTG) announced that a subsidiary of Cornerstone Healthcare Inc. — its home health and hospice portfolio company — has agreed to form a home health joint venture with San Diego-based Scripps Health, a nonprofit health system. The deal is expected to be finalized in the third quarter of 2020. The […]

LHC Group Ready to Jump on ‘Historic’ Consolidation Wave Post-PDGM

In 2019, LHC Group hit the 100,000 mark for its patient census, revved its M&A engine and doubled down on its joint venture strategy with hospitals and health systems. It did all that while aggressively preparing for the Patient-Driven Groupings Model (PDGM) and finalizing the integration of the industry-shaping Almost Family acquisition. For all those […]