M&A and Financing Newsflash: Justice Department Approves CVS-Aetna Merger, Amedisys Subsidiary Closes Personal Care Deal

Justice Department Approves CVS and Aetna Merger CVS Health Corp. (NYSE: CVS) has secured anti-trust approval for its $69 billion acquisition of Aetna (NYSE: AET), the Justice Department announced Wednesday. The deal was approved on the condition that the company divest Aetna’s Medicare Part D prescription drug plan business to WellCare Health Plans, Inc, a […]

Business Briefs: HealthSouth, Amedisys

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 […]

Amedisys Continues Personal Care Growth in Massachusetts

Amedisys Inc. (Nasdaq: AMED) has made yet another acquisition in the private pay arena. The company’s subsidiary, Associated Home Care, has entered into an agreement to acquire Intercity Home Care, a Malden, Massachusetts-based personal care provider. The transaction is expected to close on October 1 and will bring Amedisys’ total client count in Massachusetts to […]

Amedisys End-of-Year Earnings Soar, Beating Estimates

One of the nation’s largest home health providers, Amedisys, Inc. (NASDAQ: AMED), hit a high note in revenue at the end of 2015, despite industry headwinds. Amedisys reported net revenue of $337.3 million for the last three months of 2015, a 12.6% jump from $300.5 million during the same time period in 2014. Net income […]

Business Briefs: LifeCare Holdings to Acquire Haven Home Health

LifeCare Holdings to Acquire Haven Home Health LifeCare Holdings LLC, a Plano, Texas-based acute care and senior housing strategic planning management company that operates LifeCare Hospitals, has announced its plan to acquire Haven Home Health, a multi-site home health provider in the greater Dallas-Fort Worth area. LifeCare Hospitals is a post-acute health care company that […]

Amedisys Enters Private Duty With $28 Million Acquisition

One of the nation’s largest home health and hospice providers has entered the private duty market in a move that aligns with the company’s previously divulged long-term strategy. Amedisys, Inc. (NASDAQ: AMED) announced Thursday that it has signed a definitive agreement to purchase Associated Home Care, a private-duty agency based in North Andover, Massachusetts, for $28 million. The […]

Home Health Business Briefs: Joint Venture Formed, Agency Names New President

As one of the fastest-growing sectors in the United States, home health care is teeming with activity — from acquisitions and partnerships to new leadership appointments and promotions. Here’s the latest news buzzing around the industry: Private Equity Firm Acquires Home Care Provider J.H. Whitney Capital Partners, LLC, a middle-market private equity firm, announced recently […]