The home health industry’s battle with Medicare Advantage (MA) plans for fair rates has gone from a few stakeholders saying “the quiet part out loud” earlier this year to nearly every major provider in the country talking about the issue with regularity. My colleagues and I have covered the topic extensively. But we’ve moved beyond […]
The highly fragmented home health industry has turned providers into commodities, at least in the eyes of Medicare Advantage (MA) organizations. Because there are so many providers looking to make managed care inroads, the rates home health operators receive from MA sources are typically far below what they get from fee-for-service Medicare. That sense of […]
Encompass Health reported a strong financial first quarter for 2022 despite continued staffing constraints in its home health business. On Wednesday, Encompass Health reported total revenue of $1.33 billion for Q1 2022, up 8.4% compared to $1.23 billion in Q1 2021. Its home health revenue checked in at $224 million, up 2.3% from $220 million […]
Addus HomeCare Corporation (Nasdaq: ADUS) announced Wednesday that it has named a new EVP and chief development officer in Cliff Blessing, who had previously served as the EVP of corporate development for Encompass Health’s (NYSE: EHC) home health and hospice business. The move appears to reflect an aggressive M&A strategy for Addus, which was highlighted […]
Encompass Health Corporation (NYSE: EHC) publicly appears to be moving forward with its plan to separate its $1.1 billion home health and hospice segment into a standalone business. Speaking at the Barclays Global Healthcare Conference, CFO Doug Coltharp offered a new level of transparency and rationale behind that spinoff plan on Wednesday. The update came […]
Earlier this week, a report surfaced claiming that Advent International, Aveanna Healthcare Holdings (Nasdaq: AVAH) and at least a few other companies have “expressed interest” in acquiring Enhabit Home Health & Hospice, the $1.1 billion business currently belonging to Encompass Health Corporation (NYSE: EHC). Executives from the Birmingham, Alabama-based Encompass Health have repeatedly stood behind […]
Months of speculation finally ended in January when Encompass Health Corporation (NYSE: EHC) announced its home health and hospice segment would spin off as Enhabit Home Health & Hospice and become its own publicly traded company. Or so it seemed. At the end of February, Encompass Health opened the “sale or merger” door again, one […]
Some interesting news came across the wire Monday afternoon, as Encompass Health Corporation (NYSE: EHC) provided an update on the separation of its home health and hospice business. Encompass Health had said in the past that it planned to spin off the segment into its own publicly traded company: Enhabit Home Health & Hospice. While […]
A trip to the Home Care 100 conference in Phoenix, Arizona, this past week was refreshing. It was an escape from the frigid Chicago temperatures. It offered the opportunity to talk to many of the faces that make up the home-based care industry, in person, for the first time in a long time. But most […]
Barb Jacobsmeyer’s takeover of Encompass Health’s (NYSE: EHC) home health and hospice segment took place during abnormal times. For starters, she was replacing a former CEO in April Anthony, who originally founded the segment. She also assumed the role in June, six months after Encompass Health had announced it was pursuing “strategic alternatives” for the […]
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