Addus HomeCare (Nasdaq: ADUS) achieved a new record for net service revenue in the fourth quarter of 2017 and recently made its first serious foray into hospice. Going forward, Frisco, Texas-based Addus will evaluate how the new service line complements its existing personal care business as the company seeks to expand in 2018. For the […]
Amedisys
A new era is underway at ResCare, one of the largest providers of in-home personal care in the United States. With some fresh voices and vision in the C-suite, the Louisville-based company is making a push to expand its clinical services and position itself as a key partner for managed care payors. The effort involves […]
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 […]
Amedisys (Nasdaq: AMED) sees an opportunity among major consolidation in the home health care industry, CEO Paul Kusserow said at the J.P. Morgan Healthcare Conference in San Francisco on Wednesday. With competitors Almost Family (Nasaq: AFAM) and LHC Group (Nasdaq: LHCG) announcing their merger at the end of 2017, and Humana (NYSE: HUM) acquiring a 40% stake in […]
Amazon (NYSE: AMZN) is entering the health care market, and its momentum could carry the retail giant into the home care space. Watching Amazon’s actions and guessing at next steps has become a spectator sport, and as the home health care space is in the midst of a major consolidation period, industry players are looking […]
A major winter storm, dubbed a “bomb cyclone” for its rapid intensity, pummeled the Northeast region of the United States on Thursday, forcing in-home care providers to switch into overdrive to keep clients, patients and caregivers safe. Temperatures plunged across the East Coast as blizzard conditions and hurricane force winds hit the region from the Carolinas […]
In the wake of the announced $4.1 billion acquisition of Kindred Healthcare (NYSE: KND) by Humana Inc. (NYSE: HUM) and two private equity groups, a direct line has been drawn between managed care and home health care. Humana, in consortium with private equity groups TPG Capital and Welsh, Carson, Anderson & Stowe, announced it was […]
As enrollment in Medicare Advantage continues to surge, major players such as Amedisys (Nasdaq: AMED) and LHC Group (Nasdaq: LHCG) see a huge opportunity that could bring higher payments. These home health providers see that Medicare Advantage (MA) rolls are large and growing. Medicare Advantage enrollment has grown 71% since the Affordable Care Act was […]
Home health stocks climbed upward in November amid news that two of the industry’s biggest players are merging, according to the Home Health Index December update from M&A advisory firm Stoneridge Partners. Louisville, Kentucky-based Almost Family, Inc. (Nasdaq: AFAM) and Lafayette, Louisiana-based LHC Group, Inc. (Nasdaq: LHCG), vowed to join forces on Nov. 16. The deal, set to close […]
The Ensign Group Acquires Home Health and Hospice Operations in Oklahoma City The Ensign Group (NASDAQ: ENSG), parent company of Ensign, said a subsidiary of Cornerstone Healthcare, Ensign’s home health and hospice portfolio subsidiary, acquired Excell Home Care and Hospice and Excell Private Care Services in Oklahoma City. The deal was effective Nov. 1. The move marks Ensign’s entry into Oklahoma. As […]