Great Lakes Caring, National Home Health Care and Jordan Health Services are combining in a three-way merger, becoming one of the largest providers of home-based care in the United States. The company will have 221 locations across 15 states, serving about 63,000 patients each day and employing more than 31,000 people. Private equity firms Blue […]
SYNERGY HomeCare, a franchisor with about 300 locations nationwide, has been sold to private equity firm NexPhase Capital for an undisclosed sum. Gilbert, Arizona-based SYNERGY offers a range of non-medical personal care to seniors, as well as clients with developmental or physical disabilities, and people recovering from surgery or illness. “We very much look forward to […]
Kindred Healthcare (NYSE: KND) shareholders approved the sale of the company’s home health and hospice business to insurance giant Humana (NYSE: HUM) and two private equity groups. The approval comes after some contention among shareholders. One investor with a 5.8% stake in Louisville-based Kindred, Brigade Capital, sued to block the merger. The suit was dismissed […]
Addus HomeCare Corp. (Nasdaq: ADUS), one of the nation’s largest personal care services providers, has acquired Arcadia Home Care & Staffing, a Southfield, Michigan-based provider of in-home care services. Addus, based in Frisco, Texas, acquired Arcadia for the purchase price of $18.5 million, and the transaction closed on April 1. It was funded from Addus’ […]
A scheduled shareholder vote to sell Kindred Healthcare (NYSE: KND) will move forward after a judge dismissed a lawsuit by a major shareholder. Brigade Capital Management, a New York-based private equity firm with a 5.8% stake in Louisville-based Kindred, sued the health care provider in an attempt to delay or block the vote to sell the […]
As LHC Group (Nasdaq: LHCG) continues to make inroads with partners in the shift to value-based care, a new business segment it is picking up in its merger with Almost Family (Nasdaq: AFAM) could accelerate the process. Lafayette, Louisiana-based LHC Group is acquiring Louisville-based Almost Family in a $2.4 billion deal, and the emerging company […]
AccentCare Acquires Quality Care Services Texas-based AccentCare has expanded its personal care services client base by acquiring Quality Services’ Medicaid attendant care segment, which serves the Beaumont, Texas area. The transaction was effective Feb. 1. The acquired business segment assumed the name of AccentCare’s regional branch in Texas —Texas Home Health. Quality Care Services was […]
Encompass Health (NYSE: EHC) is acquiring a Mississippi-based in-home care services provider, Camellia Healthcare, and its affiliated entities. Camellia Healthcare operates a portfolio of home health, hospice and private duty locations in Mississippi, Alabama, Louisiana and Tennessee, with revenue of approximately $78 million in 2017. The deal will push Encompass Health, the nation’s fourth largest […]
Happy Monday, Home Health Care News readers. Get a jump-start on your week ahead by getting caught up on headlines that caught our eye, and review our top stories from last week. At top of mind for many in the industry is the latest on the acquisition of Kindred Health at Home (NYSE: KND) by […]
Home health stocks rebounded throughout February after surviving scares during the beginning of the month and late January, according to the latest Home Health Index from Stoneridge Partners. Amedisys (Nasdaq: AMED) stock prices saw the biggest price jumps, increasing 11.97% last month. Compared to February 2017, Amedisys, based in Baton Rouge, Louisiana, stocks are up […]
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