Public Home Health Companies Beat the Market in October

The market was friendly to Amedisys Inc. (Nasdaq: AMED) in October, with the company’s share price gaining 4.32%. Other large publicly traded home health companies were not so fortunate, with LHC Group (Nasdaq: LHCG) posting a decline of 0.95% and Almost Family (Nasdaq: AFAM) seeing its share price dip 0.38%. Still, the overall performance of […]

Rising Labor Costs Hit Addus, Ensign

With minimum wage laws taking effect across the country and new overtime protections in place for home care workers, providers large and small are facing increased challenges in controlling labor costs. Two of the most prominent home health providers in the nation—Addus HomeCare Inc. (Nasdaq: ADUS) and The Ensign Group Inc. (Nasdaq: ENSG)—are no exceptions, […]

Editor’s Picks: Honor Goes W-2, Addus’ New CEO

This week on Home Health Care News, readers learned about Addus’ new CEO and delved deeper into Amedisys’ M&A plans. They also discovered that home care startup Honor will be directly employing its caregivers moving forward as opposed to working with independent contractors, as well as how Almost Family is tackling CMS’ value-based purchasing model. […]

Addus Names New CEO

Addus HomeCare Corp. (Nasdaq: ADUS) has named Dirk Allison as president and CEO, effective immediately. Allison replaces long-serving Addus executive Mark Heaney, who joined as COO in 1985 and became president and CEO in 2008. The next year, he became chairman of the board, a position he also now will be leaving. Steve Geringer, who […]

Addus CEO: We Have Work to Do

Leaders at Addus HomeCare (NASDAQ: ADUS) are focused on wide-ranging initiatives, including cutting operational costs and improving the performance of recent acquisitions, following a bad miss on third quarter 2015 financial results. However, the C-suite remains confident that the company’s overall strategy is sound, given the direction that the health care system is taking big-picture. […]

Addus Whiffs on Revenue, Blames Acquisitions

Addus HomeCare Corp. (NASDAQ: ADUS) has broken bad news about its expected earnings for the third quarter of 2015, attributing the results to recent acquisitions that have not contributed expected revenues and rocky transitions to managed care at the state level. Shares slumped 26% on the news Friday morning. Analysts’ consensus view pegged third quarter revenues […]

Home Health M&A Surges as Major Providers Vie for Growth

Home health merger and acquisition activity was on the upswing in the third quarter of 2015, and it appears that post-acute care providers remain particularly avid to increase their in-home services. However, signs indicate that the largest home health companies are positioning themselves to drive M&A activity as well. With nine publicly announced transactions in […]

DOL Wage Rule Takes Effect, Provider Reaction Mixed

Federal overtime and minimum wage protections for home care workers officially took effect Tuesday, after a protracted and still ongoing legal battle between the Department of Labor and provider associations. The DOL has said it will not enforce the provisions for 30 days, but as the effective date arrived, some home care providers voiced sharp […]

LHC Posts Another Winning Month on Wall Street

One of the nation’s largest home health providers, LHC Group (Nasdaq: LHCG), bucked overall market trends and saw its stock rise in September, according to the most recent Home Health Index from mergers and acquisition firm Stoneridge Partners. It was the second month in a row that LHC Group led its peers in share price […]