During an earnings call on Nov. 3, Amedisys Inc. (Nasdaq: AMED) leaders defended the company’s acquisition of hospital-at-home enabler Contessa Health. They also teased “substantial” deals for the company coming down the pike. A week later, Contessa announced that it had partnered with Penn State Health, which has a footprint that spans across 29 counties […]
Contessa Health
“Resistance to change is proportional to how much the future might be altered by any given act.” The quote, a line from American horror author Stephen King, perfectly describes the situation in which hospital-at-home programs find themselves. As of Nov. 11, 83 health systems and 187 hospitals in 34 states were participating in the Acute […]
Aveanna inks deal for Comfort Care Home Health Aveanna Healthcare (Nasdaq: AVAH) has agreed to acquire Comfort Care Home Health for $345 million, according to financial filings. The Atlanta-based Aveanna went public through a $100 million IPO earlier this year. While it filed an 8-K on Oct. 1 for the deal, a press release has […]
Earlier this year, palliative care advocates were hopeful that a formal benefit for community-based services would be coming soon. While that hasn’t happened yet, the clear momentum around a reimbursement pathway for community-based palliative care has prompted more home health agencies and other providers to launch programs of their own. That’s a trend likely to […]
Higher-Acuity Care, Rate Stability and New M&A Priorities: Key Takeaways from the Q2 Earnings Season
The home health industry is at a pivotal moment, with operators weighing exciting new opportunities while simultaneously working through emerging challenges related to the COVID-19 virus. Amedisys Inc. (Nasdaq: AMED), LHC Group Inc. (Nasdaq: LHCG), Aveanna Healthcare Holdings Inc. (Nasdaq: AVAH) and other publicly traded providers discussed many of the industry’s biggest developments during their […]
Amedisys Inc. (Nasdaq: AMED) executives are still coming down from the excitement around closing the company’s market-moving acquisition of Contessa Health, a home-based care innovator dedicated to shifting higher-acuity care into the home. But along with big future plans for Contessa and its legacy segments, the Baton Rouge, Louisiana-based aging-in-place giant also continues to face […]
If you dig into the home health market, you’ll find that a lot of providers look very much alike. Overall, the home health market is made up of several thousand different players, from smaller mom-and-pop shops led by mission-driven nurses to multi-million-dollar behemoths led by savvy health care veterans. Yet for the most part, many […]
Aging-in-place company Amedisys Inc. (Nasdaq: AMED) on Wednesday announced plans to acquire hospital-at-home pioneer Contessa Health for $250 million. From a nuts-and-bolts perspective, the deal — expected to close later this summer — makes a ton of sense for Amedisys. Among the strategic benefits, for example, it gives the Baton Rouge, Louisiana-based company an unprecedented […]
Amedisys Inc. (Nasdaq: AMED) has an agreement in place to acquire Contessa Health, one of the biggest players in the hospital-at-home market, for $250 million. The acquisition takes Amedisys’ total addressable market for in-home care services from $44 billion to $73 billion, according to the company. Strategically, Amedisys believes it can leverage its existing home-based […]
Moving Health Home — the new provider coalition formed in early March dedicated to advancing home-based care in the United States — has landed seven new members. The Washington, D.C.-based industry group announced Friday that Compassus, UPMC, U.S. Medical Management, the Visiting Nurse Service of New York (VNSNY), Advocate Aurora Health, Contessa Health and Vituity […]
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