More than half a million people across the U.S. were on state waiting lists for home- and community-based services (HCBS) in 2021. But the number of states that have a waiting list for people who are in need of HCBS is the lowest it’s been since 2016 at 37. However, HCBS waiting lists are often […]
Category: Personal Home Care
BrightSpring Health Services – a large home- and community-based services provider – is not going through with its planned IPO, according to an S-1 filing. Backed by the PE firm KKR and Walgreens Boots Alliance (Nasdaq: WBA), the company had initially filed the paperwork for an IPO that was expected to raise close to $800 […]
The public perception of private equity (PE) firms is not always rosy, but for health care providers – especially founder-led ones – they can sometimes be a proverbial knight in shining armor. Innovation, expansion and financial freedom can all be achieved through the backing of a PE firm. Like most things in the world, home-based […]
As the value of home care services has become increasingly more apparent within the health care sector, it should come as no surprise that dealmaking in the space began to heat up last year. Despite this previous rise in M&A activity, a number of economic and sector-specific factors have opened the door to headwinds that […]
Home care executives are expecting a few separate things to shake up the market in the coming years. Among those are an increase in franchising, more private equity involvement and innovation to keep pace with higher costs. Consolidation in home care has lagged compared to home health care. One of the reasons why is that […]
While the tailwinds in the market remain, personal home care provider leaders have a lot more to consider about their futures than they did just five years ago. Their thought processes are still resetting. And as they do, their organizations’ strategies will reflect that. “As you look across all the providers — whether they’re in […]
Whether to engage with Medicare Advantage (MA) plans or not is one of my favorite topics of discussion in home care right now. And that’s for a simple reason: Not everyone agrees on the answer. The MA debate is one we’ve been discussing on Home Health Care News for a long time now. In fact, […]
The U.S. Department of Labor announced this week that it has recovered more than $28 million in back wages and damages for nearly 25,000 workers in the home health, skilled nursing facility (SNF) and residential care settings. Specifically, the DOL reported that it had recovered $1.2 million in back wages for 600 home health care […]
The Pennant Group acquires the assets of Kenosha Visiting Nurse Association The Pennant Group Inc. (Nasdaq: PNTG) has purchased the assets of Kenosha Visiting Nurse Association Inc., a provider of home health, private-duty home care and community health services in Kenosha, Wisconsin. “We are pleased to expand our home health operations deeper into southern Wisconsin,” […]
In the last year, home- and community-based service offerings either stayed relatively flat or dipped among most of the largest nonprofit senior living providers. While senior living providers remain generally committed to these services, they have been tough to manage due to various factors, namely staffing woes. That and other takeaways are according to the […]
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