Home Care Giant BrightSpring to Merge with Major LTC Pharmacy PharMerica

Home- and community-based care giant BrightSpring Health Services — formerly known as ResCare — plans to merge with pharmacy company PharMerica. The two companies will be under the private equity ownership of KKR, with an affiliate of Walgreens Boots Alliance (Nasdaq: WBA) holding a minority stake, according to an announcement issued Tuesday. Full financial terms […]

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 […]

Humana Touts New Leadership, Realignment; Amedisys Alum Joins Elara Caring

Humana Announces Strategic Leadership, Care Delivery Changes Insurance giant Humana Inc. (NYSE: HUM) has hired a new chief strategy and corporate development officer. Vishal Agrawal, M.D., previously of Washington, D.C.-based financial services and investment firm the Carlyle Group, steps into the position on Dec. 10. In the new role, Agrawal will spearhead advancing the company’s strategic […]

Solitude Poses Massive, Rising Threat to Seniors Living at Home

Solitude has grown into a deadly problem for hundreds of thousands of older adults living at home across the United States, a new investigation has revealed. While tragic, the extent of the crisis suggests there’s ample opportunity for traditional home care agencies and budding technology startups that provide services specifically targeting loneliness and social isolation. […]

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, […]

CMS Stands by Behavioral Adjustment Aspect of PDGM

The U.S. Centers for Medicare & Medicaid Services (CMS) released final language Wednesday for its Patient-Driven Groupings Model (PDGM), the sprawling home health payment overhaul that policy experts see as the biggest industry change in decades. Likely to the disappointment of many home health agencies, CMS stood by PDGM’s widely opposed behavioral adjustment aspect. If […]

Amedisys CEO: Coming Payment Rule Won’t Be ‘Game Over’ in PDGM Battle

Bolstered by healthy growth across all three of its business lines, Amedisys, Inc. (Nasdaq: AMED) achieved strong financial results in the third quarter of 2018. The Baton Rouge, Louisiana-based home health, hospice and personal care company expects that momentum to continue, even as it faces regulatory headwinds coming from the potential new payment overhaul known […]

Home Health Providers Shift to Mobile Tech, ‘Upskilling’ Tools for Staffing Success

Home health aides are more apt to apply for open positions using a smartphone instead of browser-based resources, such as Monster or Indeed, that many agencies typically use for recruiting. Similarly, aides are more likely to stay at a home health agency when that agency invests in technology-based solutions focused on “upskilling.” Washington, D.C.-based venture […]

Home Health Stocks Show Signs of Cooling Off

Fueled by savvy moves from the United States’ two top independent and publicly traded home-based health care providers, home health stocks had seen strong month-after-month growth in 2018. Those hot growth levels now appear to be cooling off. Home health stocks were up just 0.74% in September compared to the previous month, according to the […]

[Updated] Inside Amedisys’ Industry-Shaping Play for Compassionate Care Hospice

Any anxieties investors had over external growth activity for Amedisys, Inc. (Nasdaq: AMED) were likely alleviated last week when the Baton Rouge, Louisiana-based home health giant announced its $340 million agreement to acquire Compassionate Care Hospice. Indeed, after acquiring the Parsipanny, New Jersey-based company, Amedisys is expected to become the hospice industry’s third-largest provider, operating […]