If Amedisys Inc. (Nasdaq: AMED) has any concerns as its competitors merge, executives didn’t show it during the company’s end-of-year earnings call Wednesday. Instead, the Baton Rouge-based company is looking forward to a year with few headwinds, and eyeing new opportunities amid industry consolidation and greater regulatory visibility. The merger between LHC Group (Nasdaq: LHCG) and Almost […]
The country’s largest home health provider recorded a slight jump in home health revenue ahead of its planned $4.1 billion sale to Humana Inc. (NYSE: HUM), TPG Capital, and Welsh, Carson, Anderson & Stowe (WCAS). Specifically, fourth-quarter 2017 revenues in the Kindred at Home (KaH) division of Kindred Healthcare (NYSE: KND) rose 3% year-over-year to […]
After a year of turbulent home health regulatory pressures, Encompass Health (NYSE: EHC) is prepared to make a play for acquisitions in the home health and hospice sectors. However, Encompass isn’t the only company eyeing new opportunities in 2018, and the added competition could heat up the market, executives stated during the company’s end-of-year earnings […]
Almost Family, Inc. (Nasdaq: AFAM) continues to reap the benefits of a joint venture acquisition first announced over a year ago as it prepares to merge with home health heavyweight LHC Group (Nasdaq: LHCG). Specifically, the Louisville, Kentucky-based company’s fourth-quarter 2017 home health segment net revenue increased 35.5% from the fourth quarter of 2016, to $145.1 million. Episodic admissions, meanwhile, rose […]
Coming changes in how Medicare will pay for therapy are raising questions—and some concerns—in the home health sector. The therapy policies were included in the Bipartisan Budget Act of 2018, which was signed into law last week. One of the biggest changes relates to Medicare therapy caps, which were repealed in the bill as had been expected. […]
The Centers for Medicare & Medicaid Services (CMS) recently proposed adding non-skilled in-home care as a supplemental benefit to Medicare Advantage plans in 2019. The language of the proposal led to questions, still unanswered, about which specific services could be covered under MA plans. However, home care providers and insurance companies are interpreting the new […]
The planned merger between two of the nation’s largest home health care providers—LHC Group (Nasdaq: LHCG) and Almost Family (Nasdaq: AFAM)—hit a roadblock after LHC Group resubmitted its documents for the proposed transaction, restarting the notification process. LHC Group voluntarily withdrew its pre-merger notification and report from the U.S. Federal Trade Commission (FTC), according to […]
LHC Group (Nasdaq: LHCG) had a big year in 2017, growing its share price 23.14%. That’s the largest yearly increase among the companies tracked on the Home Health Index (HHI), which is updated each month by health care merger and advisory firm Stoneridge Partners. The Index keeps tabs on the share prices of the largest […]
Staffing and regulations are perennial concerns for home health and home care providers, and these topics dominated the headlines in the last week. One the regulatory front, a new era for home health has begun, with the sweeping new Conditions of Participation (CoPs) taking effect on Jan. 13. The final interpretive guidelines (IGs) are still […]
Two blockbuster transactions in late 2017 contributed to a record quarter for home health M&A spending, according to the latest data from business intelligence firm Irving Levin Associates. In November, two major home health providers—LHC Group (Nasdaq: LHCG) and Almost Family (Nasdaq: AFAM)—announced their intention to merge in an all-stock deal with a total implied […]
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