Almost Family Sees Major Home Health Revenue Growth

Almost Family, Inc. (Nasdaq: AFAM) continues to reap the benefits of a joint venture acquisition first announced over a year ago as it prepares to merge with home health heavyweight LHC Group (Nasdaq: LHCG). Specifically, the Louisville, Kentucky-based company’s fourth-quarter 2017 home health segment net revenue increased 35.5% from the fourth quarter of 2016, to $145.1 million. Episodic admissions, meanwhile, rose […]

Home Health CEOs Seek Growth Through Hospital Deals, Personal Care

The move to value-based payment systems and managed care can be a boon for home health agencies — as long as savvy operators know how to navigate the new landscape by focusing on partnerships and the rising importance of personal home care. The outlook for the home health industry is cautiously bright, Lincoln Healthcare Leadership […]

Almost Family’s Big Joint Venture Starts Strong, Shares Soar

A recently-closed joint venture with a major hospital system has paid off for Almost Family (Nasdaq: AFAM), according to first-quarter earnings results. The Louisville, Kentucky-based home health care provider saw a strong increase in revenues and admissions thanks, in part, to its joint venture acquisition of Community Health Systems’s (NYSE: CYH) home health operations. Almost […]

Tenet to Exit ‘Risky’ Home Health, Hospice Businesses

One of the nation’s largest hospital operators is ditching its home health and hospice businesses entirely, citing the unnecessary risks the businesses pose to the company. Dallas-based Tenet Healthcare (NYSE: THC) has entered into letters of intent to sell its home health and hospice businesses, which are “sub-scale and not essential” for the company to […]

Business Briefs: Almost Family Completes Joint Venture

Almost Family Completes Joint Venture With Community Health Systems Almost Family, Inc (Nasdaq: AFAM) has finalized a previously announced acquisition of a controlling interest in the entity holding the home health and hospice assets of Community Health Systems, Inc. (NYSE: CYH). The home health and hospice side of Community Health Systems operates 74 home health […]

Almost Family Secures Credit, Approvals for Community Health Deal

Almost Family (Nasdaq: AFAM) is putting the final pieces in place to acquire an 80% ownership stake in the home health operations of major hospital company Community Health Systems (NYSE: CYH). The Louisville-based home health provider has entered into a new five-year, $350 million revolving credit facility, and also has cleared the necessary regulatory approvals […]

Almost Family Hits New Highs with Revenue

Once again, Almost Family (Nasdaq: AFAM) reported record-setting quarterly earnings on Tuesday. The Louisville, Kentucky-based home health care provider, which currently has more than 250 branch locations across 16 U.S. states, reported a third-quarter 2016 net service revenue of $160.42 million. The figure beat analysts’ expectations by $1.23 million and marked the highest net service […]

Editor’s Picks: Almost Family’s $128 Million Joint Venture

Go Cubs go! That’s what we’re all saying here in our Chicago newsroom as we cheer on the Chicago Cubs in their attempt to make it to World Series. While we’ve been root-root-rooting for our home team, we were also sure to bring our readers the latest happenings across the home health care landscape. At […]

Almost Family Deal Forms Largest Hospital, Home Health Joint Venture

One of the nation’s largest home health care providers has entered into an agreement to acquire a controlling interest in the home health and hospice assets of one the nation’s largest hospital companies. The result will be the biggest public hospital-home health joint venture in the nation, the companies announced Monday. Almost Family (Nasdaq: AFAM) will […]

Population Health: A Home Care ‘Unicorn’

Home health care providers may be feeling pressure to improve “population health,” but they might not know what that phrase means. And they’re not to blame: While better population health is a stated goal of many new policies and models under the Affordable Care Act, there is no clear, widely accepted definition of the term, […]