Private Equity Buyers Press Pause on Home Health Plans

In a change of pace compared to recent trends, private equity buyers appear to be shying away from home health purchases. There were at least 13 transactions for Medicare-certified home health assets in 2019’s third quarter, with many of those purchases coming from the industry’s big publicly traded companies, according to the latest quarterly M&A […]

Addus Closes on Hospice Partners of America; Ensign Group Completes Pennant Spinoff

Addus completes Hospice Partners of America deal Addus HomeCare Corporation (Nasdaq: ADUS) has completed its purchase of Hospice Partners of America. The Frisco, Texas-based at-home care company bought the multi-state hospice provider for $130 million cash — $118.4 million of which was in value and $11.6 million was in estimated tax benefits, according to a […]

EVV Upside: New Tech Rules Can Foster Efficiency, Value-Based Partnerships

Amid a rapidly changing business and regulatory landscape, home-based care providers can easily overlook the upcoming implementation of electronic visit verification (EVV) — but these new technology requirements are a revolutionary step toward interoperability and efficiency. Providers can leverage EVV to win value-based partnerships and streamline workflows, even as they reel from the impact of […]

How Addus Changed Its Tune to Acquire $230M in Revenue in 15 Months

When Addus HomeCare Corporation (Nasdaq: ADUS) CEO Dirk Allison took the reins of the massive Medicaid-reimbursed personal home care provider in 2016, he pulled them in an entirely new direction. More than three years and several acquisitions later, his strategy to deepen the company’s footprint rather than widen it seems to be paying off — […]

Addus Eyes Strategic Acquisitions Ahead of Medicare Advantage Expansion

Coming off of a strong second quarter, Addus HomeCare Corporation (Nasdaq: ADUS) is looking at a busy pipeline for the remainder of the year, executives predicted on a Q2 earnings call Tuesday. Such acquisitions will play an increasingly important role in better positioning the Frisco, Texas-based provider for Medicare Advantage (MA) partnership development in the […]

Why 2020 Will Launch the Medicare Advantage Boom in Home Care

The Medicare Advantage revolution continues to grow — and starting in 2020, home care providers will reap the rewards. Through a series of law changes over the past decade, including the Patient Protection and Affordable Care Act of 2010 and the Bipartisan Budget Act of 2018, Medicare’s move away from fee-for-service models and toward value-based […]

HHCN Research: Personal Care Services Projected to Dominate Home Care’s 2020 Medicare Advantage Involvement

The Medicare Advantage (MA) expansions that the Centers for Medicare & Medicaid Services (CMS) announced this year and in early 2018 open the door to creative applications of non-medical home care services designed to proactively improve individuals’ health. The pair of new rules, with the broader of the two taking effect in 2020, have led […]

HHCN Research: 90% of Home Care Providers Anticipate Medicare Advantage Business in 2020

When the Centers for Medicare & Medicaid Services (CMS) announced it would allow Medicare Advantage (MA) plans to cover certain non-medical home care services in 2019, interest was tepid, with only 3% of plans actually covering those benefits. So it is no surprise that a subsequent expansion for 2020 brought questions about just how much […]