Amedisys Closes $340M Compassionate Care Hospice Deal, Begins Integration

Amedisys Inc. (Nasdaq: AMED) — already one of the country’s largest independent home health providers — has closed on its $340 million acquisition of Compassionate Care Hospice. In doing so, the Baton Rouge, Louisiana-based company in one fell swoop dramatically expands its end-of-life care presence and becomes the third-largest hospice provider in the U.S. as […]

LHC Group Expands Home-Based Care Footprint With Latest Joint Venture

Just one month into the year, LHC Group (Nasdaq: LHCG) is already making progress on its 2019 goal to shift more care into the home.  The home health care powerhouse on Thursday announced a new joint venture with Unity Health, resulting in shared ownership of two home health providers in Arkansas. The move is yet […]

HouseWorks Acquires Caring Friends Home Care, LifeCare Health Pursues Rebranding

Massachusetts home care company enters Philadelphia market Private-pay in-home care company HouseWorks LLC has acquired Caring Friends Home Care. The acquisition propels the Massachusetts-based HouseWorks into the Philadelphia market, while positioning the company for future growth throughout Pennsylvania. Financial terms of the acquisition were not disclosed. HouseWorks, which is backed by health care investor RAB […]

LHC Group CEO: Traditional Home Health Model Must Evolve

Last year’s smooth integration of Almost Family — formerly one of the biggest home health providers in the country itself — has broadened LHC Group’s (Nasdaq: LHC) geographic footprint and bolstered its dealmaking confidence. That will be key looking ahead to 2019, as M&A activity across post-acute care segments is expected to remain robust. With […]

Home Health Deal Value Spiked 64.5% in 2018

With more than 1,180 total transactions valued at a whopping $121.5 billion, 2018 was a record-breaking year for health care dealmaking volume. The home health and hospice segments, in particular, saw the highest multiples. The latest insights into health care dealmaking come from the 2018 year-end report from international auditing and accounting powerhouse PricewaterhouseCooper (PwC). […]

Shifting ACO Rules Create Uncertainty for Home Health Agencies

Home health agencies are still unsure what a recent overhaul of Medicare’s accountable care organization (ACO) program means for them. They will be affected, experts say, but how and to what extent remains unclear. Called “Pathways to Success,” the new policies for ACOs were announced by the Centers for Medicare & Medicaid Services (CMS) about […]

PE-Backed Simplura Health Group Completes Personal In-Home Services Acquisition

Less than a month into 2019, it’s already safe to say private equity’s interest in home care opportunities likely won’t slow down in the new year. On Wednesday, PE-backed Simplura Health Group closed on its acquisition of Personal In-Home Services, propelling Simplura into the West Virginia market and expanding its footprint to six states in […]

ComForCare Brings Brands Together Under New Platform Company

Home care giant ComForCare has announced the creation of a new platform company to unify its brands. Going forward, Best Life Brands will encompass ComForCare, fellow home care franchise company At Your Side, senior placement organization CarePatrol and any future acquisitions. Owned by New York-based private equity firm Riverside Company, ComForCare operates on a franchise […]

Home Health, Hospice Deals to Reach Record Numbers in 2019

The home health and hospice industries are expected to see significantly more mergers and acquisitions in 2019 than in years past. The growing popularity of lower-cost, value-based care and other factors are largely to thank. That’s according to Norwalk, Connecticut-based market intelligence firm Irving Levin & Associates, which collects and studies M&A data. The boom […]

Apple Reportedly Talking Smart Watch, Senior Care with MA Plans

Apple Inc. (Nasdaq: AAPL) is reportedly in talks with multiple private Medicare plans about its smart watch product and the role it can play in preventing negative health outcomes for older adults. Cupertino, California-based Apple released its redesigned and re-engineered Apple Watch toward the end of 2018. Among its features, the smart device boasts a […]