Two blockbuster transactions in late 2017 contributed to a record quarter for home health M&A spending, according to the latest data from business intelligence firm Irving Levin Associates. In November, two major home health providers—LHC Group (Nasdaq: LHCG) and Almost Family (Nasdaq: AFAM)—announced their intention to merge in an all-stock deal with a total implied […]
Encompass Health (NSYE: EHC) may have recently checked a major rebranding off its to-do list for 2018, but the home health care provider is still taking on new acquisitions, industry consolidation and payment reform. Speaking at the J.P. Morgan Healthcare Conference, Encompass Health executives summarized their 2018 goals, guidance and challenges. CEO Mark Tarr reiterated […]
Amazon (NYSE: AMZN) is entering the health care market, and its momentum could carry the retail giant into the home care space. Watching Amazon’s actions and guessing at next steps has become a spectator sport, and as the home health care space is in the midst of a major consolidation period, industry players are looking […]
In-home care provider AccentCare is entering 2018 with no regrets, as the Dallas-based company transitions a new acquisition, Nurses Unlimited, into its ranks. “This is a very good, mid-sized acquisition,” Daniel Buning, executive vice president of operations at AccentCare, told Home Health Care News. “There’s no buyer’s regret.” Based in Odessa, Texas, Nurses Unlimited is […]
A large shareholder of Kindred Healthcare (NYSE: KND) announced its opposition to the company’s recently announced acquisition deal with Humana (NYSE: HUM). Brigade Capital , a New York-based private equity firm with a 5.8% stake in Kindred, opposed the deal on December 27, stating the $9 share price for Kindred is “inadequate.” Humana, along with […]
Noor Inc. acquires Texas home health provider Noor Inc., based in New York City, acquired San Antonio, Texas-based home health care provider Restorative Health Care, Staffing Industry Analysts reported on Dec. 11. Restorative Health Care, which provides nursing and therapy services, including registered nurses and occupational, physical and speech therapy services, has four offices and more […]
Value creation is the name of the game in Humana’s (NYSE: HUM) deal with two private equity firms to acquire Kindred Healthcare (NYSE: KND) for approximately $4.1 billion, William Fleming, Humana’s president of health care services, told Home Health Care News. The deal, in which Humana and TPG Capital and Welsh, Carson, Anderson & Stowe (WCAS) arranged to pay $9 […]
In the wake of the announced $4.1 billion acquisition of Kindred Healthcare (NYSE: KND) by Humana Inc. (NYSE: HUM) and two private equity groups, a direct line has been drawn between managed care and home health care. Humana, in consortium with private equity groups TPG Capital and Welsh, Carson, Anderson & Stowe, announced it was […]
Kindred Healthcare (NYSE: KND), the nation’s largest home health care provider, is in advanced talks to be acquired by insurance giant Humana Inc. (NYSE: HUM) and two private equity firms, the Wall Street Journal reported Sunday. The newspaper cited “people familiar with the matter.” Kindred and Humana did not immediately respond to requests for comment […]
As enrollment in Medicare Advantage continues to surge, major players such as Amedisys (Nasdaq: AMED) and LHC Group (Nasdaq: LHCG) see a huge opportunity that could bring higher payments. These home health providers see that Medicare Advantage (MA) rolls are large and growing. Medicare Advantage enrollment has grown 71% since the Affordable Care Act was […]
