Similar to how hospitals have different arms able to treat patients with changing needs and a variety of conditions, a new private equity partnership is aiming to create a multisite, multidisciplinary system of community care services. Led by former Addus HomeCare Corporation (Nasdaq: ADUS) CEO Mark Heaney, the PE partnership is particularly interested in adult […]
By Mark Heaney for Home Health Care News Names are important. That’s why it’s time to scrap the “non-skilled” label in home care. With very good reason, the industry has reacted with great excitement to the early 2018 news that the Centers for Medicare & Medicaid Services (CMS) is permitting Medicare Advantage (MA) plans to add home and community services […]
December 2018 was the worst December for stock values since the Great Depression era. The two biggest publicly traded home health companies in the U.S. — Amedisys Inc. (Nasdaq: AMED) and LHC Group Inc. (Nasdaq: LHCG) — saw a market dip in stock values as well. That’s according to M&A advisory firm Stoneridge Partners’ latest […]
Fueled by savvy moves from the United States’ two top independent and publicly traded home-based health care providers, home health stocks had seen strong month-after-month growth in 2018. Those hot growth levels now appear to be cooling off. Home health stocks were up just 0.74% in September compared to the previous month, according to the […]
Thanks to heightened interest from private equity buyers and companies’ efforts to diversify business operations, 2018 has seen an acceleration in the number and size of home health, hospice and personal care transactions. The hot market should continue going forward, although the new home health payment model and sky-high valuations raise some questions about what […]
Not much has shaken home health stocks so far in 2018 — not even the proposed Patient-Driven Groupings Model (PDGM) or the potential introduction of an updated pre-claim review initiative. Home health stocks appear to be continuing their upward march, according to the most recent update to Stoneridge Partners’ Home Health Index (HHI), updated monthly. […]
Executives from LHC Group (Nasdaq: LHCG) and Addus HomeCare Corporation (Nasdaq: ADUS) highlighted the growth of their respective companies on Wednesday, while also providing updates on key acquisitions and prospective partnerships with payer sources. Keith Myers, chairman and CEO of LHC Group, and Dirk Allison, president and CEO of Addus, provided insight into their companies’ […]
Starting next year, Medicare Advantage (MA) plans will be able to cover a bigger slice of the in-home care pie, including non-skilled personal care. Industry execs see the expansion of home care services under MA as a potential proving ground for personal care services and a positive step toward a broader Medicare rollout down the […]
Addus Closes Public Offering of Common Stock Frisco, Texas-based Addus HomeCare Corporation (Nasdaq: ADUS) has closed an underwritten public offering of 2,100,000 shares of its common stock at a public offering price of $59.00 per share. Addus is a provider of home care, home health and hospices services operating in 157 locations across 25 states. […]
The Centers for Medicare & Medicaid Services (CMS) last month proposed an overhaul to the current prospective payment system for the home health industry with a sweeping new model that experts say would drastically increase billing efforts and force a move away from therapy services. So far, the potential negatives of the Patient-Driven Groupings Model […]
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