Almost Family and LHC Group to Merge in $2.4 Billion Transaction

Two home health care heavyweights have announced they plan to join forces to create the second largest home health care provider in the nation. Louisville, Kentucky-based Almost Family, Inc. (Nasdaq: AFAM) and Lafayette, Louisiana-based LHC Group, Inc. (Nasdaq: LHCG) on Thursday revealed that they have agreed to combine in an all-stock merger of equals transaction, pursuant […]

Caring People Acquired by Private Equity Firm

A New York City-based private duty home care provider has been acquired by a private equity services firm. The deal is another example of increasing interest by private equity groups in the home care space. Caring People has been acquired by Silver Oaks Services Partners LLC, a lower middle market private equity firm focused on service businesses. […]

Business Briefs: Dignity Health, Select Medical to Combine Urgent Care Businesses

Dignity Health, Select Medical to Combine Urgent-Care Businesses   Dignity Health and Select Medical will combine their urgent-care businesses for better alignment of care delivery, Modern Healthcare reported on Oct. 23. Dignity Health is one of the largest not-for-profit providers in the U.S., while Select Medical is one of the largest operators of specialty hospital and outpatient rehabilitation […]

Hometeam Hires Former Apple Exec As President, Adds CTO

New York-based home care startup company Hometeam has once again expanded its executive team, with the addition of two heavy-hitters from the retail and technology space. Matt Marcotte has been named President, while Julie Stern has been named chief technology officer—both new positions for Hometeam. Marcotte comes from the retail industry, including executive roles at […]

Home Health Stocks Rebound After HHGM Takes Backseat

In the wake of the final 2018 payment rule for home health being released, public companies have seen their stocks skyrocket. The Centers for Medicare & Medicaid Services (CMS) released its prospective payment system (PPS) 2018 update final rule on Wednesday without the inclusion of the home health groupings model (HHGM)—a proposed model that would […]

Nashville Home Care Provider Expands to Texas

Bluebird Homecare, a Nashville, Tennessee-based home care company, has acquired Champion Caregivers in Fort Worth, Texas, and is looking to keep expanding. The company has five locations, including the addition in Fort Worth, and has been in operation since 2015. “I expect that we will be in three more markets by March 2018,” CEO Stuart Brunson […]

Brookdale Buyout with Chinese Firm Off the Table

The Chinese firm Zhonghong Zhuoye Group Co Ltd is no longer in talks to buy Brookdale Senior Living (NYSE: BKD), according to Bloomberg. Zhonghong Zhuoye Group Co Ltd, a Beijing-based real estate and leisure firm, was, at one time, prepared to buy Brookdale for $20 per share, but the deal stalled, and has now finally faltered. Negotiations […]

Brookdale Pressured by Activist Shareholder to Increase Transparency

An activist shareholder is once again pressuring one of the country’s largest home health providers to act—this time, it says, in the interest of heightened transparency. Specifically, Stamford, Connecticut-based Land & Buildings Investment Management LLC on Monday urged Brookdale Senior Living (NYSE: BKD) to provide more visibility into its ongoing strategic review process, especially “given the duration […]

Business Briefs: AccentCare Expands JV

AccentCare Expands Joint Venture with Asante Oregon-based health system Asante has expanded its existing home health joint venture with AccentCare, a Dallas-based home care, home health and hospice care provider. The expansion was effective October 1, 2017, and creates AccentCare Asante Home Health. The two health care organizations have been in a joint venture for […]

Home Health Care Spending Growth Outpaced All Other Sectors

Health care spending over the last year has remained modest in its growth—except for home health care, which saw more spending than any other sector. National health spending reached $3.51 trillion in August 2017, 4.3% higher than spending in the same month in 2016, according to Altarum’s Center for Sustainable Health Spending from the Altarum […]