Frisco, Texas-based Addus HomeCare Corporation (Nasdaq: Adus) has signed a definitive agreement to purchase Hospice Partners of America LLC for $130 million cash, the multi-state home care services provider announced Monday. The move is yet another example of how hospice is outpacing home health care on the M&A front. Frisco, Texas-based Addus is primarily a […]
Addus HomeCare
Home care is frequently touted as one of the most affordable care options for seniors. But the average cost of full-time home care is nearly equal to the median household income in the U.S., a new report suggests. Specifically, 44 hours of home care per week annually costs 91.1% of the median household’s bring-home pay. […]
If there’s one thing home health care providers can agree on when it comes to the Patient-Driven Groupings Model (PDGM), it’s that the new model is shrouded in uncertainty. Despite attempting to predict expected reimbursement changes and adapting operations accordingly, agencies won’t know exactly how PDGM will affect them until well after its Jan. 1 […]
A significant portion of home care providers view Medicare Advantage (MA) as a 2020 business opportunity. But MA plans likely need more time to figure out where home care fits into their coverage, meaning real upside may still be a ways off, according to Addus HomeCare Corporation (Nasdaq: ADUS) President and CEO Dirk Allison. Allison […]
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, […]
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 […]
New York-based private equity firm Post Capital Partners is partnering with former Addus HomeCare Corporation (Nasdaq: ADUS) CEO Mark Heaney to search for — and invest in — home- and community-based care businesses. “We see a growing need for home and group care in the community, as the number of older persons grows and life […]
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. […]
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 […]
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 […]