Amedisys Inc. (Nasdaq: AMED) and Walmart (NYSE: WMT) have entered into a new partnership to expand home health care access nationwide, according to an analyst report from William Blair. The global investment and wealth management firm has learned that Baton Rouge, Louisiana-based Amedisys is part of the retail giant’s new health care initiative, dubbed “Walmart […]
Arosa+LivHome shows no signs of slowing down on the M&A front. The company recently announced it has agreed to acquire LifeLinks, a care management provider that operates in Raleigh, North Carolina, and Nashville, Tennessee. Financial terms of the deal were not disclosed. Backed by Bain Capital Double Impact, Arosa+LivHome was formed in October 2018 after […]
Similar to its peers, Amedisys Inc. (Nasdaq: AMED) is biding its time until it ramps up on M&A activity and goes after the droves of mom-and-pop agencies likely to struggle with the perfect storm of industry-shaping regulatory changes looming in the not-so-distant future. And in some ways, the Baton Rouge, Louisiana-based home health, personal care […]
Regulatory changes and industry-wide consolidation are keeping home-based care providers on their toes, especially when it comes to merger and acquisition (M&A) activity. Many predict the M&A landscape in the year ahead will be filled with high highs and low lows, thanks largely in part to the pending implementation of the Patient-Driven Groupings Model (PDGM). […]
LHC Group (Nasdaq: LHCG) has long been known for its joint venture strategy, in which it teams up with hospitals and health systems to take over operations of their home health units — but those partnerships go beyond just a pure expansion strategy for the Lafayette, Louisiana-based company. JV partnerships have been key to helping […]
When Addus HomeCare Corporation (Nasdaq: ADUS) CEO Dirk Allison took the reins of the massive Medicaid-reimbursed personal home care provider in 2016, he pulled them in an entirely new direction. More than three years and several acquisitions later, his strategy to deepen the company’s footprint rather than widen it seems to be paying off — […]
Ensign announces spinoff date The Ensign Group Inc. (Nasdaq: ENSG) has revealed additional details for its planned home health and hospice spinoff. In May, the Mission Viejo, California-based Ensign announced it planned to spin off its home health, hospice and senior living businesses into The Pennant Group, a separate publicly traded company. Currently, The Ensign […]
Frisco, Texas-based Addus HomeCare Corporation (Nasdaq: Adus) has signed a definitive agreement to purchase Hospice Partners of America LLC for $130 million cash, the multi-state home care services provider announced Monday. The move is yet another example of how hospice is outpacing home health care on the M&A front. Frisco, Texas-based Addus is primarily a […]
Bayada Home Health Care and Visiting Nurse Association Health Group (VNAHG) have agreed to join forces, the mission-driven nonprofits announced Monday. Strategic partnerships with hospitals and health systems are among the drivers of the move, leaders from the two organizations told Home Health Care News. Under an agreement that’s expected to be finalized by November, […]
These days, landing a large personal care services acquisition can often feel like finding a needle in a haystack. As a result, potential buyers may have to become increasingly more creative to grow their home care footprint, M&A experts say. The recent agreement between Amedisys Inc. (Nasdaq: AMED) and ClearCare Inc. — which allows Baton […]