‘The Clock Is Ticking’: What Addus’ $192M Hospice Deal Means for Home Health M&A

On last week’s Q3 earnings call, Addus HomeCare Corporation (Nasdaq: ADUS) effectively declared that its “short pause” on M&A activity was officially over. On Wednesday, the company put its money where its mouth is. The Frisco, Texas-based provider announced it has signed an agreement to acquire Queen City Hospice and its affiliate, Miracle City Hospice, […]

After Weeks of Coronavirus Chaos, Home-Based Care Providers Welcome Early Signs of Normalcy

After an immense disruption from the COVID-19 virus led to a dip in patient visits and revenue, home-based care insiders are now reporting budding signs of normalcy. The public health crisis, of course, is far from over. But the initial panic is subsiding, patients are receiving care again and providers are gaining confidence operating in […]

Medicaid Home-Based Care Providers Seek Stability Amid Coronavirus Disruption

Florida became the first state to secure an emergency Medicaid waiver from the U.S. Centers for Medicare & Medicaid Services (CMS) to help providers maintain operations during the COVID-19 national emergency. If Medicaid-reimbursed personal care services providers are to stay afloat during the ongoing pandemic, several more states will have to follow suit. Generally, states […]

Addus CEO Lauds Illinois Rate Increases

Over the years, Addus HomeCare Corporation (Nasdaq: ADUS) has faced its fair share of Illinois budget woes. But the company has finally received some positive news, announcing Monday that the Centers for Medicare & Medicaid Services (CMS) has approved two Illinois budgeted rate increases for the next couple years. Combined, the Frisco, Texas-based Addus expects […]

Home Care Providers Lifted by First-of-Its-Kind Medicaid Reimbursement Bump

The financial well-being of home- and community-based care providers often depends on Medicaid reimbursement, which has stagnated throughout much of the country in recent years. One state is trying to rebalance the equation with a first-of-its-kind annual inflation increase for all Medicaid home care and hospice direct fee-for-service rates. Last June, the Rhode Island General […]

Home Health Stocks See Up-and-Down February

Home health stocks saw mixed success in February, according to the latest Home Health Index (HHI) from mergers-and-acquisitions advisory firm Stoneridge Partners. The up-and-down February follows a largely positive January. Updated monthly, the HHI by Stoneridge Partners tracks the market values for Amedisys Inc. (Nasdaq: AMED) and LHC Group Inc. (Nasdaq: LHCG). Overall, the HHI […]

Home Health Stocks Recover After Down October, Flat September

After a down couple of months mirroring broader economic trends, home health stocks are headed back up. Home health stocks climbed by more than 21% in November compared to the previous month, according to the most recent Home Health Index (HHI) from Stoneridge Partners, a mergers-and-acquisitions firm based in Louisville, Kentucky. The HHI is a […]

Amedisys, LHC Group Shares Hit October Slowdown

While home health stocks rode M&A momentum and other tailwinds to an overall strong performance throughout much of 2018, the sustained boom period slowed down in September. Amid a broader market dip, that slowdown turned into an abrupt stop last month. Home health stocks fell more than 11% in October compared to their September standings, […]

Addus Makes Medicare Advantage Headway, to Acquire VIP Health Care Services

Addus HomeCare Corporation (Nasdaq: ADUS) has signed a definitive agreement to acquire a New York-based home care provider and is positioning itself to fully capitalize on “exciting” new Medicare Advantage (MA) opportunities over the next several years. Addus President and CEO Dirk Allison discussed his company’s latest acquisition, its MA plans and third-quarter financial results […]

Addus Encouraged by EVV, MA Opportunities Ahead

Lifted by the closures of two sizable home health and hospice acquisitions, Addus HomeCare Corporation (Nasdaq: ADUS) posted steady financial results for the second quarter of 2018. The Frisco, Texas-based provider expects those financials to grow stronger, too, as the company positions itself to take advantage of M&A opportunities stemming from pending electronic visit verification (EVV) requirements […]