Addus Announces Sale Of Its Personal Care Business In New York

Addus HomeCare Corporation (Nasdaq: ADUS) is selling its New York personal care business, along with its fiscal intermediary services for the state’s consumer-directed care program. The company announced Tuesday that it will offload its New York operations to HCS-Girling, another home-based care provider. The divestment will be worth “up to” $23 million for Addus, the […]

Avenues Home Care Launches, Set To Serve More Than 100 Communities

There’s a new home care company on the block. On Tuesday, Avenues Home Care announced its launch. The company is the result of several local home care companies in Texas, Tennessee and Georgia coming together under one banner. The local companies include AA Care Services, Sentinel Homecare, SunLife and Comprehensive Care. “We really also saw […]

Addus Leaders Believe More Personal Care Will Help Payers With Medical Loss Ratio

Over the past 12 months, the leaders at Addus HomeCare Corp. (Nasdaq: ADUS) have been increasingly vocal about the company’s involvement in value-based care. The company has established several value-based arrangements across the country, in places like New Mexico, Illinois and Arizona. “There may be a little bit of difference between them, but I think […]

Home-Based Care Investors Show Interest, But M&A Pace Remains Cautious

Home-based care dealmakers have been busier of late, but that has not yet translated into more transactions. There’s some feeling that sidelined private equity firms will eventually have to enter the game, but that may not be the case. For one, interest rates have still not come down. But also, the “dry powder effect” – […]

‘Our Business Is Demonstrating Signs Of Recovery’: Aveanna Making Progress On Turnaround Goals, Led By Private-Duty Services Business

Aveanna Healthcare Holdings Inc. (Nasdaq: AVAH) continues to chip away at its turnaround goals, with the Atlanta-based company’s leadership team seeing particular progress on its preferred-payer strategy and the industry-wide labor landscape. Contextually, 2024 marks Year 2 of the home health, hospice and private-duty services company’s strategic transformation initiative. Aveanna went public in 2021 with […]