Intermountain launches home-based clinical care program Utah-based Intermountain Healthcare — a health system with 22 hospitals, more than 180 clinics and its own health insurance plan — is adding home-based clinical care to its list of services. The new offerings, which are set to roll out over the next few months, will include primary care, […]
Category: M&A
Long-term care association LeadingAge — behind only AARP and, perhaps, a handful of other organizations when it comes to tackling aging issues in the United States — may soon become an even bigger player in the home-based care arena. Washington, D.C.-based LeadingAge unveiled plans in February to join forces with the Visiting Nurse Associations of […]
As more types of care move into residential settings, an increasing number of hospitals and health systems are turning to outside home health agencies to either replace, reinforce or manage their own operations. Workforce challenges and financial struggles are often the catalysts behind their decisions to outsource home health offerings, M&A experts say. “It’s a […]
Global investment firm KKR and an affiliate of Walgreens Boots Alliance Inc. (Nasdaq: WBA) closed on their $1.32 billion acquisition of home- and community-based care BrightSpring Health Services on Wednesday. BrightSpring — formerly ResCare — merged with pharmacy company PharMerica as part of the deal. While home-focused M&A activity has hit record levels over the […]
Despite wage pressures and referral setbacks, Addus HomeCare Corporation (Nasdaq: ADUS) had a markedly consistent fourth quarter and 2018 performance. With ample dry powder, the Frisco, Texas-based home health, hospice and personal care provider is well-positioned to deploy additional capital toward M&A, while simultaneously refining its relationships with Medicare Advantage (MA) partners. Addus is primed […]
Signature Healthcare at Home acquires Samaritan Health Services Home Health As more hospitals and health systems continue to outsource their home-based care offerings, Signature Healthcare at Home has acquired Samaritan Health Services’ home health division. Wilsonville, Oregon-based Signature Healthcare at Home provides home health, hospice, personal home care, palliative care and rehabilitation therapy to patients […]
Despite falling short of analysts’ Q4 revenue estimates, LHC Group Inc. (Nasdaq: LHCG) finished the quarter and 2018 strong, thanks in part to revenue and admission growth in its home health and hospice lines. Acquisitions and joint ventures, which set overall valuation records in 2018 for LHC Group, played a large role in the company’s […]
Amedisys Inc. (Nasdaq: AMED) beat Wall Street expectations for the fourth quarter of 2018, a fitting end to what was an overwhelmingly positive year for the Baton Rouge, Louisiana-based home health company. More than four years removed from when its turnaround efforts began, the once-struggling Amedisys is now focused on growing its hospice and personal […]
LHC Group Inc. (Nasdaq: LHCG) announced Tuesday it has entered into a definitive joint venture agreement with Geisinger Home Health and Hospice, plus AtlantiCare Home Health and Hospice. The announcement marks the second new joint venture for the Lafayette, Louisiana-based LHC Group in the early going of 2019. Under the new JV agreement, LHC Group […]
Despite a recent uptick in M&A activity within the hospice space, many industry leaders still see private duty home care and medical home health care as the greatest growth areas for the in-home care industry in 2019. Meanwhile, the year ahead will also be filled with new technology adaptation, driven by payment model changes and […]