Almost Family’s Big Joint Venture Starts Strong, Shares Soar

A recently-closed joint venture with a major hospital system has paid off for Almost Family (Nasdaq: AFAM), according to first-quarter earnings results. The Louisville, Kentucky-based home health care provider saw a strong increase in revenues and admissions thanks, in part, to its joint venture acquisition of Community Health Systems’s (NYSE: CYH) home health operations. Almost […]

Business Briefs: LHC Group, Hometeam

Hometeam to Offer 12 Weeks Paid Maternity Leave New York-based home care startup Hometeam has announced it will offer 12 weeks of paid family leave for its caregivers who are the primary carer, male or female. The company is also offering two weeks of paid family leave for child-caring partners. The paid family leave is for caregivers who have […]

Home Health and Hospice M&A Jumps 12% in 2016

Last year was a busy one for a variety of sectors in the health care services industry—and the home health and hospice sector was no exception. In fact, home health and hospice deal activity rose 12% year-over-year in 2016, according to the 23rd edition of Irving Levin Associates’ Health Care Services Acquisition Report, published Tuesday. Deal […]

Kindred Forms Post-Acute Partnership with Genesis

The nation’s largest home health care provider is forging a “strategic clinical collaboration” with another major post-acute provider, through which they intend to offer complementary, coordinated services. The relationship between Genesis HealthCare (NYSE: GEN) and Kindred Healthcare (NYSE: KND) is the first of its kind in the post-acute space, Genesis CEO George V. Hager said in […]

Bain Capital Acquires Nation’s Largest Pediatric Home Health Provider

After speculation earlier this year that Epic Health Services could be acquired for as much as $1 billion, a deal has been announced. Epic, a national home health care services and pediatric skilled nursing company, has signed a definitive agreement to be acquired by Bain Capital Private Equity, a global investment firm. Financial details were not […]

Almost Family Secures Credit, Approvals for Community Health Deal

Almost Family (Nasdaq: AFAM) is putting the final pieces in place to acquire an 80% ownership stake in the home health operations of major hospital company Community Health Systems (NYSE: CYH). The Louisville-based home health provider has entered into a new five-year, $350 million revolving credit facility, and also has cleared the necessary regulatory approvals […]

Kindred Strikes $700 Million Deal with SNF Landlord Ventas

Kindred Healthcare (NYSE: KND) has made further progress in its efforts to exit the skilled nursing facility business and focus more wholly on home health and other segments. The Louisville-based post-acute care giant is expected to purchase the 36 skilled nursing facilities (SNFs) currently owned by Ventas Inc. (NYSE: VTR) for $700 million. The news […]

Pre-Claim Blamed for Dip in Home Health M&A

After a positive first and second quarter of 2016, home health deals saw a downward trend in the third quarter—and the controversial Pre-Claim Review demonstration may be to blame. When compared to last quarter, home health and hospice deals went down by 17%, from 12 deals in quarter two to 10 deals in quarter three, according […]

Two Nonprofit Home Health Owners in Talks to Merge

Two major nonprofit health systems are in talks to merge, according to new reports. And each organization has a considerable presence in the home health care market. Englewood, Colorado-based Catholic Health Initiatives (CHI) and San Francisco-based Dignity Health have signed a non-binding letter of intent to explore their alignment, the organizations announced in a press […]

Editor’s Picks: Almost Family’s $128 Million Joint Venture

Go Cubs go! That’s what we’re all saying here in our Chicago newsroom as we cheer on the Chicago Cubs in their attempt to make it to World Series. While we’ve been root-root-rooting for our home team, we were also sure to bring our readers the latest happenings across the home health care landscape. At […]