A growing number of stakeholders in the skilled nursing facility (SNF) world believe the recent spike in hospital discharges to home health care services will not become permanent. Executives from real estate investment trust (REIT) Omega Healthcare Investors (NYSE: OHI) made that argument during a fourth quarter earnings call earlier in February. Executives from CareTrust […]
CareTrust REIT
Addus completes Hospice Partners of America deal Addus HomeCare Corporation (Nasdaq: ADUS) has completed its purchase of Hospice Partners of America. The Frisco, Texas-based at-home care company bought the multi-state hospice provider for $130 million cash — $118.4 million of which was in value and $11.6 million was in estimated tax benefits, according to a […]
As The Ensign Group (Nasdaq: ENSG) continues to expand in home health, the provider is planning to follow the same strategy that has proven successful in building up its skilled nursing portfolio. That means vesting significant power in local operators to make decisions, and targeting underperforming businesses for turnaround, Executive Vice President Chad Keetch said during a […]
The Ensign Group (Nasdaq: ENSG) had strong financial results in the fourth quarter of 2017, posting its highest adjusted earnings per share in the company’s history, at $0.40. The Mission Viejo, California-based company’s home health and hospice segment contributed with a 27.5% year-over-year increase in revenue. Ensign might consider spinning off home health into a […]
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