Addus HomeCare Corporation (Nasdaq: ADUS) announced Wednesday it has purchased Kalispell, Montana-based home care provider A Plus Health Care Inc. Addus completed the deal on July 1, with funding provided by cash on hand. No other financial terms of the transaction were disclosed. With seven office locations across Montana, A Plus Health Care’s service lines […]
Addus HomeCare
While nursing homes have come under fire for widespread COVID-19 infection outbreaks, home-based care providers have been largely regarded in a more positive light. Unlike skilled nursing facilities (SNFs) and senior living centers, home-based care providers have lower virus transmission risks due to the individual nature of the service delivery. As such, hospitals and families […]
New York, Chicago, Detroit and the state of Washington are some of the cities and states that have been singled out as COVID-19 hotspots. For Addus HomeCare Corporation (Nasdaq: ADUS), operating in these locations has meant lots of strategic maneuvering, especially when considering the amount of care service call-offs the Frisco, Texas-based provider has received […]
While the coronavirus initially caused a dip in demand for home-based care services, many have characterized that period as the calm before the storm. Since then, the need for in-home care has picked up quickly, with several providers telling Home Health Care News they’re receiving more inbound requests than ever before. Inquiries are pouring in […]
The Patient-Driven Groupings Model (PDGM) is overshadowing the rapid evolution of the industry’s largest home health providers. Over the past several years, home health giants Amedisys Inc. (Nasdaq: AMED), Encompass Health Corp. (NYSE: EHC) and LHC Group (Nasdaq: LHCG) have each graduated from relatively one-dimensional enterprises into fully integrated aging-in-place companies that operate across the […]
Addus HomeCare Corporation (Nasdaq: ADUS) is zeroing in on new acquisition targets while continuing to make progress on recently closed deals. Company leadership provided an update on Addus’s M&A plans and other priorities during a third-quarter earnings call on Tuesday. “Looking ahead, we remain confident in the ongoing strength of our acquisition pipeline,” President and […]
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 […]
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 […]
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