Amedisys Inc. (Nasdaq: AMED) — already the second-largest home health provider in the country — is trying to build “an industrial-strength chop shop” to help drive growth, according to CEO and President Paul Kusserow. With 470 care centers scattered throughout nearly 40 states, the Baton Rouge, Louisiana-based Amedisys currently controls 4.8% of the U.S. home […]
Category: M&A
Regulatory changes and renewed interest from private equity firms has had a major impact on the home health market over the past few years. That impact is easily observed just by looking at the list of largest home health providers in 2019. In order, Kindred at Home, Amedisys Inc. (Nasdaq: AMED) and LHC Group Inc. […]
LHC Group and LifePoint Health cement JV partnership LHC Group Inc. (Nasdaq: LHCG) and LifePoint Health have further cemented their joint venture partnership with the purchases CMH Home Health Care, Casa de la Paz Hospice and St. Joseph Family Hospice. CMH Home Health Care is a home health provider that serves Clinton County, Ohio. Casa […]
Top health care executives foresee strong home health growth in 2020, despite the upcoming Patient-Driven Groupings Model (PDGM) and other regulatory headwinds. Behavioral health and hospice are likewise poised for a bullish year. That’s according to Capital One’s annual health care services executive survey, released Wednesday. More than 123 senior health care executives from across […]
Addus HomeCare Corporation (Nasdaq: ADUS) is zeroing in on new acquisition targets while continuing to make progress on recently closed deals. Company leadership provided an update on Addus’s M&A plans and other priorities during a third-quarter earnings call on Tuesday. “Looking ahead, we remain confident in the ongoing strength of our acquisition pipeline,” President and […]
Nova Leap finalizes Massachusetts deal Nova Leap (TSXV: NLH) — the rapidly growing home-based care company out of Halifax, Nova Scotia — has completed yet another U.S. acquisition. On Monday, the company announced it has finalized its purchase of Keystone Homecare LLC, located in Stow, Massachusetts. The deal was previously announced on Sept. 25. “We […]
With a number of upcoming regulatory changes sure to shake up the home health industry — including the Patient-Driven Groupings Model (PDGM), the Review Choice Demonstration (RCD) and a phaseout of Requests for Anticipated Payments (RAPs) — a provider’s future isn’t exactly clear. As a result, questions surrounding how and when to best approach mergers-and-acquisitions […]
The Centers for Medicare & Medicaid Services (CMS) shouldn’t risk home health industry destabilization while pushing through its proposed version of the Patient-Driven Groupings Model (PDGM), especially when it comes to the overhaul’s looming 8.01% behavioral adjustment. That’s according to Encompass Health Corporation (NYSE: EHC) President and CEO Mark Tarr, who discussed PDGM and his […]
In the past couple of years, several private equity firms have been making strategic pushes to establish themselves as major players in the in-home care space. That list is headlined by Alpine Investors, which wrapped up its most recent home care investment earlier this month. Founded in 2001, San Francisco-based Alpine Investors is a PE […]
Prior to 2014, there were only a few thousand adult day centers operating throughout the United States. Today, there are likely over 10,000 centers in existence, each one trying to make a lasting mark in an extremely fragmented industry. Founded in 1991, Tennessee-based Centennial Adultcare Center is among that group. The medical-model adult day provider […]