LHC Group CEO Casts Doubt on CMS’s Ability to Manage PDGM

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 […]

Addus Eyes Strategic Acquisitions Ahead of Medicare Advantage Expansion

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 […]

New Amedisys-ClearCare Personal Care Network Spreading Like Wildfire

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 Revs Up JV Activity; Elara Caring Rebranding Hits Milestone

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- […]

Home Health, Hospice Valuations Remain Highest in All of Health Care

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 Expands Geographic Footprint While Honor, Papa Win New Partnerships

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 […]

Contessa Wins Another Health System Partner; $1.5M Acquisition to Round Out New Post-Acute Care Company

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 […]

Nova Leap CEO: We Want to Dominate In-Home Dementia Care in North America

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. […]

Home Care Assistance to Acquire Silverado’s California Home Care Business

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 […]