Brookdale Shareholder Puts Forward Plan to Split Up Company

Brookdale Senior Living (NYSE: BKD) should split into two entities, activist investor Land & Buildings said in an open letter released Monday. Under the proposal, Brookdale would create a real estate investment trust (REIT) for its owned properties and a separate public company for its management business, including its ancillary services division that includes home health. […]

With Home Health Revenue Up, Ensign ‘Getting Arms Around’ PDGM

Thanks to a relatively obstacle-free regulatory environment, Cornerstone Healthcare, Inc., the home health and hospice business of The Ensign Group (Nasdaq: ENSG), posted solid financial results in the second quarter of 2018. Company leadership highlighted the results during a call with investors Friday. Mission Viejo, California-based The Ensign Group and its independent subsidiaries provide skilled, […]

Kindred, Humana Crack Fortune 500 List for 2018

Only two companies with strong home health ties—Kindred Healthcare (NYSE: KND) and Humana (NYSE: HUM)—graced this year’s Fortune 500 list, but the industry as a whole appears to be inching its way closer to the top. The Fortune 500 list is an annual ranking of U.S. companies, both private and public, based on total revenues […]

Home Health, Hospice Help Drive Record Earnings for Ensign

The Ensign Group (Nasdaq: ENSG) posted strong first-quarter financial results Thursday, buoyed, in part, by the California-based provider’s particularly profitable home health and hospice businesses. While pursuing expansion plans in both home health and hospice, Ensign reported a consolidated adjusted net income of $24.1 million in the first quarter of 2018, an increase of about […]

Ensign CEO Open to New Structure for Home Health Segment

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 […]

Business Briefs: Ensign Group, Amedisys

The Ensign Group Acquires Home Health and Hospice Operations in Oklahoma City The Ensign Group (NASDAQ: ENSG), parent company of Ensign, said a subsidiary of Cornerstone Healthcare, Ensign’s home health and hospice portfolio subsidiary, acquired Excell Home Care and Hospice and Excell Private Care Services in Oklahoma City. The deal was effective Nov. 1. The move marks Ensign’s entry into Oklahoma. As […]

Movers & Shakers: AlayaCare, Home Care Assistance

AlayaCare Names New Board Advisor Home health care software developer AlayaCare has named Will Falk a member of its board of directors. Falk is a retired partner with multi-national accounting and auditing firm PricewaterhouseCoopers (PwC). He joined PwC in 2012 and led the Canadian health care practice for five years. He has spent 25 years as […]

Business Briefs: Ensign Acquisition, LHC Group

Ensign Group Acquires Nevada Hospice Operations The Ensign Group (Nasdaq: ENSG), the parent company of the Ensign group of skilled nursing, rehabilitative care services, home health care, hospice care and assisted living companies, has acquired a hospice provider serving Southern Nevada through a subsidiary of its home health and hospice portfolio, Cornerstone Healthcare, Inc. The […]

Private Equity Investment in Home Care Hits New High

Private equity investment in the home care and hospice sectors hit a new high in 2016. As of the third quarter of 2016, more than 50 home care and hospice transactions involved private equity buyers, compared with fewer than 30 of these transactions in all of 2015, according to proprietary data from M&A advisory firm […]

Business Briefs: Two Philips Partnerships Take Home Care Tech to New Heights

Philips Enters Into Two Partnerships to Improve Health Care Tech Royal Philips (Nasdaq: PHG) recently entered into two partnerships with technology companies. Philips initiated its first collaboration with Qualcomm Incorporated (Nasdaq: QCOM) to advance connected health across the entire health continuum. Qualcomm Life’s 2net Platform will act as the medical device connectivity solution for Philips’ […]