As the health care industry continues to move toward value-based payment, at-home care providers have more opportunity to shine than ever before — with players across the continuum taking notice. Leveraging unique data and capitalizing on differentiators are key to catching the attention of potential partners, experts say. In 2018, mergers and acquisitions within […]
After catching a brief glimpse of the value home care offers, entrepreneur Ross Goodson purchased the rights to his first Senior Helpers franchise territory in 2009. But unlike many older, more well-established franchise owners, he was only 26 years old at the time. As of April 1,2019, Goodson had a total of five Senior Helpers […]
San Francisco-based home care startup Honor has expanded into a fourth state by partnering with three existing home care agencies serving the Arizona market. Honor, which has raised $115 million since launching in 2014, had previously been operating in California, New Mexico and Texas. Founded as a technology-powered home care provider with plans to Uberize […]
Cash flow interruptions and operational changes caused by the Patient-Driven Groupings Model (PDGM) may lead to a spike in the number of home health providers in the U.S. filing for bankruptcy, some experts predict. If the forecast is accurate, that may also mean more initial M&A action as well. “I agree with the premise that […]
LHC Group finalizes joint venture Lafayette, Louisiana-based LHC Group Inc. (Nasdaq: LHCG) and Geisinger Home Health and Hospice have finalized their joint venture agreement, initially announced at the end of February. Under the agreement, LHC Group will take majority ownership of Geisinger’s home health and hospice services in the Pennsylvania locations of Danville, Bloomsburg, Wilkes-Barre, […]
Encompass Health Corporation (NYSE: EHC) announced Monday that it has reached a definitive agreement to acquire “substantially all of the assets” of Birmingham, Alabama-based Alacare Home Health & Hospice. Under terms of the deal, Encompass Health will pay $217.5 million for the privately-owned company, SEC filings show. The more than $200 million price tag for […]
Failure to adhere to a medication regimen is often cited as the No. 1 reason people — especially older adults with multiple chronic conditions — are sent back to the hospital following discharge. To change that, many home care providers have started to make in-home medication management a core component of their operations. That group […]
Another large health system is breaking into home health care and hospice. Dallas, Texas-based Cornerstone Healthcare Group made its first dive into the spaces earlier this month with the acquisition of Phoenix, Arizona-based Southland Home Health. Financial terms of the deal were not disclosed. The acquisition is the first of many similar deals in the […]
Humana (NYSE: HUM) is leaning further into home health care as a key area of focus, going as far as to label it “the new frontier in value-based medicine” during an investor day presentation Tuesday. “Our journey into the home is in full gear,” William Fleming, segment president of health care services at Humana, told […]
There’s no curbing investor appetite for home care assets — and major payers will likewise continue to drive M&A activity in the home health, hospice and personal care spaces in the coming year. That’s according to Elara Caring CEO G. Scott Herman, who discussed industry consolidation, tailwinds and change during a recent appearance on the […]
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