Business Briefs: HealthSouth, Amedisys

HealthSouth Increases Credit Revolver HealthSouth Corporation (NYSE: HLS) has amended the credit agreement governing its senior secured credit facility, increasing its revolver to $700 million from $600 million. HealthSouth is one of the nation’s largest post-acute care providers, offering both facility- and home-based services in 36 states and Puerto Rico through inpatient rehabilitation hospitals, home […]

On-Demand Health Care Provider Raises $30.8 Million

DispatchHealth, a health care company that offers on-demand, on-site services delivered at home, has raised $30.8 million in growth financing, the company announced. Founded in 2013, Denver-based DispatchHealth has a team of caregivers that brings treatment to patients’ homes, senior communities or office settings. Patients can explain their symptoms and request care through the company’s mobile […]

Webinar: Beyond Survival Mode: Using Organizational Mergers & Acquisitions as a Financing Strategy

Free Webinar Date: September 26, 2017 Time: 1-2 PM Central Click here to register Many home care and hospice organizations once looked at mergers and acquisitions as a “last resort” move to preserve services within communities. As financial realties and clinical requirements drive the need for greater efficiency, providers should consider mergers and acquisitions in […]

More than Meets the Eye in Home Health M&A Valuations

When a home health acquisition occurs, a single trading multiple is announced for the deal — and in home health, there have been some impressive multiples lately. However, there could be a case for more than a single multiple on any given transaction, as the buyer and seller might have different ways of thinking about that number. […]

Bundled Payment Changes Negatively Impact Home Health

Recently, the Centers for Medicare & Medicaid Services (CMS) proposed reducing some bundled payment models and canceling mandatory programs yet to be implemented. The move, while largely unsurprising given the current Health and Human Services administration’s views on mandatory initiatives, is likely to have negative impacts on home health care agencies, according to a recent […]

[Updated] Presence Health to Join Forces with Ascension

Presence Health, the largest Catholic health system in Illinois, is being acquired by a joint venture of Ascension, the largest non-profit health system in the U.S., the companies announced Tuesday. Presence Health will become part of Amita Health, a joint venture between Alexian Brothers Health System and Adventist Midwest Health, that is based in Chicago and […]

Homewatch CareGivers Beefs Up its Franchise Presence

More than halfway through 2017, Colorado-based Homewatch CareGivers is aiming to add more franchise locations and continue its growth spurt. Over the past 12 months, the non-medical in-home care provider has seen 15 new franchisees purchase Homewatch CareGivers offices, with seven new locations opened in the first half of 2017. The recent growth is part […]

Addus Seeking Small, Private Duty Deals

With its state-level issues in Illinois behind it, personal care provider Addus Homecare (Nasdaq: ADUS) is anticipating recouping millions back and charging ahead with building out its private duty business line. The provider, which is now based in Frisco, Texas, is expecting to see $78 million in receivables from Illinois that the company has carried […]

FirstLight Home Care Revenues Hit New Record

Cincinnati-based FirstLight Home Care, a non-medical home care franchisor, saw 20% growth in gross revenues for franchisees during the first and second quarters of 2017, the company announced Tuesday. Gross revenues reached $41 million for the first half of the year. The non-medical companion and personal care service provider has been on a growth spurt […]

Franchisor ComForCare Acquired by Private Equity Firm Riverside

The Riverside Company, a New York-based private equity firm with more than $5 billion in assets under management, has made its first play in the home care space, investing in Bloomfield Hills, Michigan-based franchisor ComForCare. “This is our first home care franchisor, but franchise investment is a specialization of Riverside,” Steve Rice, a principal with […]