Home health providers, health systems and large health care-focused retailers are moving away from being one-dimensional companies. With home-based care as the starting point, many of these organizations are embracing 360-degree home-based care delivery models. One company that exemplifies this is the home-based care provider Amedisys Inc. (Nasdaq: AMED). The Baton Rouge, Louisiana-based company delivers […]
On May 3, Amedisys Inc. (Nasdaq: AMED) and Option Care Health (Nasdaq: OPCH) issued a joint press release announcing their intent to merge. By June 5, those plans were complicated, with Amedisys revealing it had received a competing bid from UnitedHealth Group’s (NYSE: UNH) Optum. They were then scrapped entirely when, on the morning of […]
Geoff Abraskin promoted to hospice president at Amedisys Geoff Abraskin has been named the new president of the hospice division at Amedisys (Nasdaq: AMED). He has been with the company for nearly 15 years. “Geoffrey Abraskin has been promoted to President of the Hospice Division!” Amedisys wrote in a LinkedIn post last week. “Geoff is […]
The Department of Justice (DOJ) filed a request for additional information regarding UnitedHealth Group’s (NYSE: UNH) planned acquisition of Amedisys Inc. (Nasdaq: AMED). That’s according to a proxy statement Amedisys filed last week to the U.S. Securities and Exchange Commission (SEC). “This is a huge transaction,” Les Levinson, co-chair of the transactional health care practice […]
Amedisys Inc. (Nasdaq: AMED) has been a part of arguably the biggest home health story this year. UnitedHealth Group’s (NYSE: UNH) Optum agreed to acquire the company in June. But, on the ground, it’s still just another home health and hospice provider trying to best deal with the headwinds that come with operating in 2023. […]
Home-based care dealmaking trends generally give a good idea of what’s going on in the space at large. They show you where the money is headed, and where it’s not. They show you where the Centers for Medicare & Medicaid Services’ (CMS) stroke of the pen has impacted investment or transaction activity. The trends show […]
Amedisys Inc. (Nasdaq: AMED) continues to grow its non-Medicare home health business while increasing its patient admissions and total volume. At the same time, the Baton Rouge, Louisiana-based provider is seeing its cost per visit figures rise. Those are just some of the main takeaways for Amedisys in the second quarter of 2023. The company […]
While referrals to home health care are ballooning, providers are rejecting them at an unprecedented rate. As hospitals scramble to place patients in the hands of appropriate post-acute care providers, skilled nursing facilities’ referral volume has rebounded. Home health referral volume also remains above pre-pandemic levels, but providers are struggling with staffing challenges and sicker […]
UnitedHealth Group’s (NYSE: UNH) Optum has a new leader, one that will have a hand in integrating and leveraging two of the largest home health companies in the country in LHC Group and Amedisys Inc. (Nasdaq: AMED). Dr. Amar Desai – an Optum veteran who most recently spent time as the president of health care […]
Although leaders at UnitedHealth Group (NYSE: UNH) were relatively quiet about the deal for its Optum arm to acquire Amedisys Inc. (Nasdaq: AMED) during a Friday Q2 earnings call, they did touch on the high-level strategic fit. In fact, UnitedHealth Group CEO Andrew Witty doubled down on his company’s focus and investment in the home […]
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