M&A and Financing Newsflash: LHC Group and St. Mary’s Reach Partnership

LHC Group and St. Mary’s Health Network Purchase St. Mary’s Home Care Services Lafayette, Louisiana-based LHC Group (Nasdaq: LHCG) and Reno, Nevada-based St. Mary’s Health Network last week announced the finalization of an equity partnership agreement to purchase and share ownership of St. Mary’s Home Care Services, which operates in Nevada. LHC Group and its […]

Latest Moves Increase Humana’s Clout in Home Health, Hospice

Kindred was just the beginning. After a big week, it’s clear that insurance giant Humana (NYSE: HUM) is not content with owning a stake in the nation’s largest home health provider, but is quickly creating a care delivery platform with a wide range of home-based services. On April 23, Louisville-based Humana announced that it would […]

[UPDATED] Humana, Private Equity Firms to Acquire Hospice Provider Curo for $1.4 Billion

Insurance giant Humana (NYSE: HUM) and two private equity firms—TPG Capital and Welsh, Carson, Anderson & Stowe (WCAS)—have agreed to acquire privately held hospice operator Curo Health Services for about $1.4 billion. The consortium of acquiring companies is already in the midst of buying the nation’s largest home health provider and second-largest hospice provider, Kindred […]

Private Equity Firm Acquires Hospice with High Nurse-Patient Ratio

An Ohio hospice led by a previous Kindred Healthcare (NYSE: KND) executive has been acquired by private equity firm Stonehenge Partners Inc. The firm says it is committed to keeping the hospice’s model of having lighter caseloads for its nurses than are standard in the industry. Queen City and Capital City Hospice is headquartered in […]

Encompass Expects Strong Home Health Admissions Growth Through 2022

Executives at Encompass Health (NYSE: EHC) are confident that the company can continue increasing home health admissions over the next three years. This would continue an ongoing trend for the Dallas-based provider, which has 237 home health and hospice operations in 36 states. In the fourth quarter of 2017, Encompass’ same-store admissions for home health […]

Kindred CEO Sounds Off on Home Health Payment Rule

Kindred Healthcare, Inc. (NYSE: KND) president and CEO Benjamin Breier sounded off on the proposed home health groupings model (HHGM), vowing to work with the industry and regulators to craft a solution that works for all parties. “The home health industry is undeniably united in its negative view of the rule, and will take a […]

Encompass Enters Illinois with VNA Healthtrends Acquisition

Encompass Home Health and Hospice, already one of the largest home health providers nationally, now is entering Illinois for the first time by acquiring VNA Healthtrends. Based in Des Plaines—about 20 miles northwest of downtown Chicago—VNA Healthtrends serves markets in Illinois, Indiana, Ohio, Michigan, and Arizona. The Michigan locations were not part of the sale, […]

New Medicare Payment Model Looms Over Home Health Providers

Home health agencies should be prepared for a major unwelcome surprise that could hit in the near future—a comprehensive, complex overhaul of the Medicare payment system. When the Centers for Medicare & Medicaid Services (CMS) proposes its 2018 payment rates, likely within the next several weeks, the agency could also seek to establish a new payment […]

Tenet Acquisition Links Amedisys with Big Hospital Player

One of the nation’s largest home health care providers has moved on from a sometimes tough 2016 and is taking steps to expand through an acquisition of a major hospital company’s home health and hospice facilities. Baton Rouge, Louisiana-based Amedisys (Nasdaq: AMED) signed a definitive agreement to acquire six home health and hospice care centers from Tenet […]

Editor’s Picks: Honor’s Eye-Popping Funding

This week, Home Health Care News readers learned how one home health provider cut the risk of avoidable hospitalizations in half, why intensive caregiver training has a positive impact on hospitalizations, and about the newfound confidence Brookdale Senior Living (NYSE: BKD) has in its home health care business. Readers also learned more about Honor’s eye-popping […]