AccentCare announces new chief financial officer Ryan Solomon is joining AccentCare Inc. as its new chief financial officer. Dallas-based AccentCare is a post-acute care organization that has more than 170 locations nationwide. Its service lines include skilled home health and personal care services, along with hospice care, private-duty nursing and care management. In his new […]
Category: M&A
In some ways, home health care is still in its teen years, according to AccentCare CEO Steve Rodgers. Providers are making significant strides propping up home-based care as an essential component of the broader health care continuum, but they still have a ways to go. On this front, The Dallas-based AccentCare wants to lead by […]
Phones are apparently ringing off the hook at Amedisys Inc. (Nasdaq: AMED). Although the home health industry has yet to complete month No. 2 under the Patient-Driven Groupings Model (PDGM), Amedisys has already fielded plenty of inquires from peers looking to exit the market or absorb into the Baton Rouge, Louisiana-based home health, hospice and […]
Private equity players are sitting on more dry powder than ever before, entering 2020 with a reported $1.5 trillion in unspent capital. In all likelihood, a portion of this cash will go into the in-home care space. In general, the health care sector has already seen an increase in private equity investment over the past […]
Encompass Health Corporation (NYSE: EHC) is drawing early positives from its deployment of predictive analytics technology. In fact, it’s so bullish on early returns that the Birmingham, Alabama-based company plans to ramp up deployment and usage across the majority of home health locations in 2020. Apart from tech tools, Encompass Health also foresees plenty of […]
Atlanta-based Aveanna Healthcare’s agreement to acquire the home health care division of Maxim Healthcare Services — for a reported $1.25 billion — is officially off the table. The deal’s demise comes in the conclusion of a Federal Trade Commission (FTC) investigation. The FTC is the regulatory body tasked with ensuring competition throughout U.S. markets and […]
The Patient-Driven Groupings Model (PDGM) likely contributed to a downturn in home health mergers-and-acquisitions activity during the fourth quarter of 2019, according to new data from M&A advisory firm Mertz Taggart. PDGM took effect on Jan. 1. Dealmaking for non-medical home care assets largely remained steady. All in all, 2019 saw at least 42 home […]
Birmingham, Alabama-based Encompass Health Corporation (NYSE: EHC) — already one of the largest home health providers in the country — is likely on its way to even more growth this year, thanks partly to the expected M&A opportunities linked to the Patient-Driven Groupings Model (PDGM). Internally, coding changes and investments in predictive analytics have helped […]
The health services arena recorded more than 1,200 deals in 2019 for the second year in a row, according to the latest figures from international accounting firm PricewaterhouseCoopers. As has become the norm, long-term care was the largest sub-sector by volume throughout 2019 — with particularly strong M&A action in the home health and home […]
It’s safe to say that 2019 was a banner year for Amedisys Inc. (Nasdaq: AMED). The Baton Rouge, Louisiana-based company doubled down on hospice — announcing a number of deals. On the personal care side, Amedisys entered into and saw success in an innovative partnership with ClearCare Inc. Over the past few years, Amedisys has […]