High-Acuity Care Opportunities, Workforce Shortages Guide Amedisys’ M&A, JV Strategies

Amedisys Inc. (Nasdaq: AMED) has been vocal about leaning into the opportunities that offering higher-acuity care in the home will bring. That has also had an influence on the company’s M&A and JV strategies. “Our acquisition of Contessa Health last year created the platform for us to directly offer those high-acuity services,” Kris Novak, vice […]

Home Health Consolidation Is ‘Not a Gordon Gekko-Type Situation,’ M&A Experts Argue

The pace hasn’t been as aggressive as some expected, but the home health industry has been undergoing a wave of consolidation over the past several years, with the number of freestanding agencies decreasing annually since at least 2015. While consolidation can certainly bring added stresses for existing operators, experts in the mergers-and-acquisitions field note there […]

Amedisys Keeps M&A Focus on Home Health, Acquires Additional Assets in Mid-Atlantic

Amedisys Inc. (Nasdaq: AMED) has entered into an agreement to acquire the home health assets of AssistedCare Home Health and RH Homecare Services, the latter of which conducts business as AssistedCare of the Carolinas. The agreement marks the second acquisitive move that Amedisys has made in the month of February alone, again signaling a jump-start […]

Amedisys to Acquire Evolution Health, Jump-Starting Home Health M&A Engine

Amedisys Inc. (Nasdaq: AMED) has entered into an agreement to acquire Evolution Health, a Dallas-based provider of home health, hospice and infusion therapy services. The deal could mark a shift in Amedisys’ mindset, one that its executives said was coming. After remaining mostly quiet on the home health front of late – favoring hospice M&A […]

‘This Is Not a Sustainable System’: Providers Struggle with High Contract-Labor Costs

Home-based care providers are short on workers. It’s the largest, most universal issue facing the home care and home health industries right now. And the problem is being worsened by bottom-line headwinds that come with hiring contract workers meant to fill the void. Almost every publicly traded home health company mentioned the drag that contract […]

Contessa Lands New Health System Partnership; Amedisys Expects Positive Profit Contributions by 2023

During an earnings call on Nov. 3, Amedisys Inc. (Nasdaq: AMED) leaders defended the company’s acquisition of hospital-at-home enabler Contessa Health. They also teased “substantial” deals for the company coming down the pike. A week later, Contessa announced that it had partnered with Penn State Health, which has a footprint that spans across 29 counties […]