At 79 deals and counting through November, home health and hospice mergers-and-acquisitions activity for 2019 is poised to exceed the previous year. That’s according to newly released data from Norwalk, Connecticut-based Irving Levin Associates. Founded in 1948, the firm provides market intelligence to health care professionals and senior care providers. Overall, 2018 saw 85 total […]
Amedisys
Home health, hospice and personal care giant Amedisys Inc. (Nasdaq: AMED) has entered a definitive agreement to acquire Asana Hospice. The financial terms of the deal — slated to close Jan. 1, 2020 — were not disclosed. Asana is a hospice care provider with locations in Pennsylvania, Ohio, Missouri, Kansas and Texas. As a part […]
Private health insurance spending grew by $101.3 billion between 2016 and 2018. Virtually none of that growth was tied to home health care services, however. The insights into private health insurance spending over the past few years come from a recent economic analysis put together by the Partnership to Fight Chronic Disease (PFCD), a Washington, […]
The Patient-Driven Groupings Model (PDGM) is overshadowing the rapid evolution of the industry’s largest home health providers. Over the past several years, home health giants Amedisys Inc. (Nasdaq: AMED), Encompass Health Corp. (NYSE: EHC) and LHC Group (Nasdaq: LHCG) have each graduated from relatively one-dimensional enterprises into fully integrated aging-in-place companies that operate across the […]
LHC Group hires chief information officer LHC Group (Nasdaq: LHCG) has a new IT chief. Earlier this month, the Lafayette, Louisiana-based LHC Group announced that former health insurance veteran Mohammad Ali will join the company as its chief information officer. Ali’s tenure as CIO will officially begin Dec. 2. In his role as CIO, Ali […]
Amedisys Inc. (Nasdaq: AMED) — already the second-largest home health provider in the country — is trying to build “an industrial-strength chop shop” to help drive growth, according to CEO and President Paul Kusserow. With 470 care centers scattered throughout nearly 40 states, the Baton Rouge, Louisiana-based Amedisys currently controls 4.8% of the U.S. home […]
Regulatory changes and renewed interest from private equity firms has had a major impact on the home health market over the past few years. That impact is easily observed just by looking at the list of largest home health providers in 2019. In order, Kindred at Home, Amedisys Inc. (Nasdaq: AMED) and LHC Group Inc. […]
Humana expands Seniorlink relationship Insurance giant Humana Inc. (NYSE: HUM) and tech-enabled health services company Seniorlink are expanding their relationship. Louisville, Kentucky-based Humana is one of the largest health companies in the U.S., both in terms of Medicare Advantage (MA) membership and in terms of associated provider organizations. Kindred at Home and Humana At Home, […]
The Centers for Medicare & Medicaid Services (CMS) released the 2020 home health final payment rule on Oct. 31, reaffirming many aspects of next year’s payment overhaul while also updating certain quality reporting metrics and solidifying changes to policymakers’ maintenance therapy proposal. The National Association for Home Care & Hospice (NAHC) and Axxess were among […]
Home health providers looking to bet the farm that the Patient-Driven Groupings Model (PDGM) goes through in its current form should be warry, industry executives say. Although it’s important to adjust to the upcoming payment overhaul, the Centers for Medicare & Medicaid Services (CMS) has a history of changing its tune after regulatory actions trigger […]