Addus Exec: CMS’s Dual-Eligibles Move Encouraging for In-Home Care Providers

The Centers for Medicare & Medicaid Services (CMS) announced plans Wednesday to expand coverage options for Americans who qualify for both Medicare and Medicaid, giving states the freedom to develop their own programs for dual-eligible beneficiaries. While the directive doesn’t outline specific opportunities for home-based care providers, the move is still encouraging for the industry, […]

Senior Housing Will Be Too Pricey for 54% of Mid-Income Older Adults by 2029

By 2029, nearly 8 million middle-income older Americans won’t be able to afford senior housing at today’s average market rates, new research shows. While the statistics have negative implications for the senior housing industry, they create opportunities for home-based care providers, whose services are often the least expensive option for seniors. The findings come from […]

Panel Preview: M&A Outlook — Capital + Strategy Forum

Panel Spotlight | M&A Outlook: Expanding The Continuum Through New Services Lines  Join us in the nation’s capital for a day of networking and thought leadership with industry executives in home health, private duty and hospice care. In this featured panel, you will hear how home health company valuations and deals have seen continued momentum in 2018. […]

Home Health Care Agencies Threatened as Wages Rise, Reimbursements Lag

As more states push to raise the minimum wage, home-based care companies must work harder than ever to attract and retain workers as competition among employers grows. In home health care, agencies’ success often depends on Medicaid reimbursement, which is not keeping up with wage inflation in some states. And in private-pay home care, increased […]

Addus, LHC Group Rev Up 2018 M&A Wins

Top executives for Addus HomeCare Corporation (Nasdaq: ADUS) and LHC Group, Inc. (Nasdaq: LHCG) touted their recent M&A wins last week—while hinting there’s likely more to come. Addus CEO Dirk Allison and LHC Group CEO Keith Myers discussed the home health industry’s bustling M&A landscape and provided overall updates on their respective companies during the […]

Highest Paid CEOs in Home Health Last Year

CEOs from publicly traded home health care companies brought home a combined total of about $39.5 million in 2017—though some execs certainly earned far more than their industry peers. In order, CEOs from Kindred Healthcare (NYSE: KND), Encompass Health (NYSE: EHC) and Amedisys, Inc. (Nasdaq: AMED) took home the most last year in total compensation, […]

Addus Continues Hunt for Future Growth Opportunities

Backed by a boost in billing and momentum from closing two major acquisitions in less than two months, Frisco, Texas-based Addus HomeCare Corporation (Nasdaq: ADUS) reported solid first-quarter financial results Monday. Addus leadership is looking to ink further deals this year and bullish on the possibility that Medicare Advantage plans could start offering a personal […]

M&A and Financing Newsflash: Addus Finalizes $40 Million Ambercare Deal

Addus Completes Purchase of Ambercare Frisco, Texas-based Addus HomeCare Corporation (Nasdaq: ADUS) announced Tuesday it has completed its deal to buy Ambercare Corporation, Inc., a personal care, hospice and home health services provider headquartered in Albuquerque, New Mexico. Addus provides home care services to more than 36,000 clients through 142 offices in more than two dozen states. […]

Addus Enters Two New States with $18.5 Million Arcadia Deal

Addus HomeCare Corp. (Nasdaq: ADUS), one of the nation’s largest personal care services providers, has acquired Arcadia Home Care & Staffing, a Southfield, Michigan-based provider of in-home care services. Addus, based in Frisco, Texas, acquired Arcadia for the purchase price of $18.5 million, and the transaction closed on April 1. It was funded from Addus’ […]