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 […]
Home health stocks dipped in October as the industry braced for the then-forthcoming home health groupings model (HHGM) decision, according to the Home Health Index November update from M&A advisory firm Stoneridge Partners. The decision ultimately fell in favor of the home health industry. The Centers for Medicare & Medicaid Services (CMS) released its final rule on […]
Happy Monday, Home Health Care News audience. Last week was packed full of earnings results from public providers. Catch up with our coverage with this week’s must-read news. Amedisys (Nasdaq:) AMED) executives were bullish on hospice growth in its most recent earnings call with investors. LHC Group (Nasdaq: LHCG) also was full-steam ahead for its […]
Though home health investors appear to have regained confidence in the industry last month, uncertainty over the Home Health Groupings Model (HHGM) lies ahead. The market value of the three largest publicly traded home health companies rose 8.66% in September, according to the Home Health Index October update from M&A advisory firm Stoneridge Partners. The share price […]
Baton Rouge, Louisiana-based Amedisys, Inc. (Nasdaq: AMED) has launched its second nationwide clinical program, this time centered on chronic obstructive pulmonary disorder (COPD) care in the home setting. COPD is the third leading cause of death in the United States, according to the Centers for Disease Control and Prevention (CDC), and a significant chunk of Amedisys’ patient […]
HealthSouth Increases Credit Revolver HealthSouth Corporation (NYSE: HLS) has amended the credit agreement governing its senior secured credit facility, increasing its revolver to $700 million from $600 million. HealthSouth is one of the nation’s largest post-acute care providers, offering both facility- and home-based services in 36 states and Puerto Rico through inpatient rehabilitation hospitals, home […]
Baton Rouge-based Amedisys (Nasdaq: AMED), one of the nation’s largest home health care providers, has been slapped with a request by a Medicare contractor to repay nearly $39 million in overpayments, according to a public filing. While Amedisys is appealing the allegations, it estimated the potential range of loss between $6.5 million and $38.8 million […]
Nearly every in-home care provider would agree that making a good first impression with a client or patient is vitally important to the relationship. Sometimes, though, that’s easier said than done. That’s why many agencies, such as Amedisys (Nasdaq: AMED), Silverado, 24Hr HomeCare, and Marquis Companies, spend time and money training caregivers how to make positive connections with clients and […]
There is still plenty of alarm over the Home Health Groupings Model (HHGM) among providers, but investors appear to have calmed a bit since the Medicare payment overhaul was first proposed in July. The market value of the three largest publicly traded home health companies increased 7.42% in August, after falling 19.57% a month earlier, […]
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