Addus HomeCare Corporation (Nasdaq: ADUS) is performing well. But, to perform better, it wants to grow its home health segment and more fully engage in value-based care contracting. Now, Chairman and CEO Dirk Allison sees M&A as one of the key focuses in the near-term future. Also top of mind for Allison is the continuing […]
Home-based care’s deal volume remained flat in the fourth quarter of 2022, ending a slow year overall for transactions. The quarter saw at least 24 completed transactions, right on par with Q3’s 25 deals, but was lower than previous years in the home-based care space, according to a report from M&A advisory firm Mertz Taggart. […]
Over the past few years, a number of home-based care companies have been able to achieve rapid, inorganic growth. Due to these organizations’ acquisition prowess, their leaders have become experts in spotting deal landmines and goldmines. On the home care side, Care Advantage Inc. has become one of these companies. The Richmond, Virginia-based Care Advantage […]
The Biden administration has shown time and again its commitment to home- and community-based services. And Addus HomeCare Corporation (Nasdaq: ADUS) is beginning to reap some of the benefits. The Frisco, Texas-based in-home care services providers has begun to receive more substantial funding from the states it operates in through the American Rescue Plan. “With […]
Home care providers likely exhaled a sigh of relief when the American Rescue Plan passed last year, earmarking funds intended to enhance home- and community-based services (HCBS). And they’re once again breathing easier now that the U.S. Department of Health and Human Services (HHS) – through the U.S Centers for Medicare & Medicaid Services (CMS) […]
By leveraging improved recruitment numbers and the surplus of resources from state governments, leaders with Addus HomeCare Corporation (Nasdaq: ADUS) are hoping the tail end of 2022 could be a big one in terms of M&A and organic growth. Addus’ EVP and CFO Brian Poff sounded optimistic about the company’s growth plans – as well […]
After multiple years of record-breaking M&A activity, home health consolidators are now starting to show an increased interest in organic growth. While the approach to growing a home health business through building existing infrastructure may take longer, the environment in 2022 is more friendly to organic growth than it was during the COVID-19 pandemic. “We […]
When the Germans bombed England during World War II, “remote misses” ended up giving Londoners “survivor exhilaration,” which resulted in boosted morale as opposed to the Germans’ expectation of diminishing it. Though far from an apples-to-apples comparison, home-based care operators that were pummeled by Omicron-related workforce shortages at the beginning of 2022 – that are […]
A circuit court judge in Michigan has ordered State Farm Insurance Co. to continue paying the home care bills for a paralyzed Ann Arbor man. And though it’s a single case, it could be influential on a wider scale. Judge Archie Brown ruled that a 2019 auto insurance reform law that slashed payments to medical […]
Addus HomeCare Corporation (Nasdaq: ADUS) announced Wednesday that it has named a new EVP and chief development officer in Cliff Blessing, who had previously served as the EVP of corporate development for Encompass Health’s (NYSE: EHC) home health and hospice business. The move appears to reflect an aggressive M&A strategy for Addus, which was highlighted […]
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