InnovAge (Nasdaq: INNV), one of the largest providers of the Program of All-Inclusive Care for the Elderly (PACE) model, is expanding its footprint even further. On Friday, InnovAge announced it is acquiring two PACE programs in California from ConcertoCare, which is also a provider of home care and home-based primary care. “The addition of ConcertoPACE […]
Category: M&A
Humana Inc. (NYSE: HUM) remained in the headlines Friday, this time after being linked to Walmart (NYSE: WMT) in potential deal talks. Earlier this week, it was confirmed that Cigna Group (NYSE: CI) and Humana Inc. (NYSE: HUM) have already been in touch about a potential combination. But on Friday morning, the research advisory company […]
Over the last week, a potential Cigna Group (NYSE: CI) and Humana Inc. (NYSE: HUM) combination has gone from a rumor to a real possibility. After I reported on the topic for Home Health Care News on Tuesday, Reuters and The Wall Street Journal confirmed that the two companies were in talks, on Wednesday and […]
Three California-based providers — By the Bay Health, Mission Hospice & Home Care and Hope Hospice — announced they will merge, creating the largest nonprofit hospice network in northern California. Leaders of all three agencies said the merger will make them stronger competitors in the marketplace, and also improve access to care in the communities […]
Over the next few months, home health M&A is expected to tick back up. Now that the final rule has been published, buyers and sellers have at least some certainty on reimbursement for the near-term future. Before sellers are approached, there’s a few things they need to know. Going in blind can lead to a […]
Home health and hospice agencies – especially quality ones – remain highly valuable assets. But thus far, through nearly all of 2023, M&A trends have not reflected that. There were only two transactions in hospice in the third quarter, and just four in home health care. Those were both record low totals, according to a […]
The Pennant Group Inc. (Nasdaq: PNTG) leaders believe that they’re in the middle of a constantly changing home health market. They also believe it’s an environment the company can survive and thrive in based on its operating model. “Our model enables us to adapt and respond to changing circumstances and market needs on a macro […]
Gentiva officially acquires ProMedica’s home health, palliative and hospice business Gentiva has closed on its $710 million deal for ProMedica’s home health, palliative and hospice business. The deal was first announced in February. Now that it is finalized, the Atlanta-based Gentiva will boost its location count from 380 to 500, and its patient census by […]
Addus HomeCare Corporation (Nasdaq: ADUS) has reduced turnover and delivered on important acquisitions over the past few months. Still, a home- and community-based services (HCBS) proposed rule is hanging over its head. That rule, of course, includes the 80/20 provision, which would see the Centers for Medicare & Medicaid Services (CMS) mandate that 80% of […]
Dealmaking remained relatively quiet in home health, home care and hospice in the third quarter. A variety of trends – both micro and macro – contributed to that. Overall, there were 25 total deals reported, according to data from the M&A firm The Braff Group. That quarterly number is in line with the first and […]
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