With roughly 17,000 agencies, the home care industry remains highly fragmented. But that’s starting to change — and a major consolidation wave appears to be cruising toward shore. For context: There were at least 47 total home care transactions in 2018, according to proprietary data from M&A advisory firm Mertz Taggart. There were six in […]
Home health providers may not be the only ones positioned for a rough January 2020. LHC Group Inc. (Nasdaq: LHCG) Chairman and CEO Keith Myers cast a small degree of doubt on the Centers for Medicare & Medicaid Services (CMS) and its ability to manage the implementation of the upcoming Patient-Driven Groupings Model (PDGM). “There […]
Coming off of a strong second quarter, Addus HomeCare Corporation (Nasdaq: ADUS) is looking at a busy pipeline for the remainder of the year, executives predicted on a Q2 earnings call Tuesday. Such acquisitions will play an increasingly important role in better positioning the Frisco, Texas-based provider for Medicare Advantage (MA) partnership development in the […]
In an effort to expand its capabilities and open the door for future Medicare Advantage (MA) opportunities, Amedisys Inc. (Nasdaq: AMED) recently struck an agreement with ClearCare Inc. to create a network of personal care agencies. Already, that network is spreading like wildfire, with 308 agencies representing 32,000 caregivers in 39 states, Amedisys CEO and […]
LHC Group finalizes agreements Lafayette, Louisiana-based LHC Group Inc. (Nasdaq: LHCG) has finalized a joint venture expansion agreement in Missouri while striking a new JV partnership in Alabama at the same time. LHC Group — one of the largest home health companies in the United States — has also purchased the assets of two home- […]
When it comes to asset valuation, the home health and hospice industries continue to blow the rest of health care out of the water, posting the highest trading multiples sector-wide for the third consecutive quarter. In Q2 2019, home health and hospice had the highest mean trading multiple of 22.7 times EBITDA, up from 21.8 […]
Arosa+LivHome announces fifth acquisition of 2019 Arosa+LivHome has agreed to acquire The Cameron Group, an Orlando, Florida-based care management and home care agency. On top of that, the Bain Capital Double Impact-backed provider announced the acquisition of Senior Care Management Associates (SCMA) and Companion & Home Care, both located in North Carolina. Financial terms of […]
Ascension Saint Thomas, Contessa partner to offer home recovery care Ascension Saint Thomas is partnering with Contessa to bring hospital-level care into the home starting this fall. The pair will do so through Nashville-based Contessa’s home recovery care program, which is built to provide in-home acute care for a fraction of the cost of a […]
With eight acquisitions completed since the start of 2017 in the U.S. and Canada, Nova Leap Health Corp. (TSXV: NLH) is one of the fastest growing home care companies in North America. Headquartered in Halifax — the capital of the Canadian province of Nova Scotia — Nova Leap touted its latest acquisition target on Tuesday. […]
San Francisco-based Home Care Assistance has entered into an agreement to acquire the California home care operations of Silverado, a large senior living, hospice and in-home care provider that specializes in dementia services. The agreement is effective July 8, Silverado confirmed to Home Health Care News. “Silverado has been looking for a long-term partner for […]
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