8% of Senior Living Providers See In-Home Care as a Growth Opportunity

Despite consumer preferences for home-based care, relatively few senior living organizations see it as a potential growth opportunity. Meanwhile, skilled nursing facilities (SNFs) say they’re only losing a fraction of their referrals to home health providers. That’s according to a recent report from Enquire Solutions, a Greenwood Village, Colorado-based customer relationship management (CRM) and contact […]

Genesis CEO George Hager: SNF-to-Home Diversion Wave Is Over

Throughout the past decade, health care policymakers have attempted to curb spending by shifting care into the home and away from hospitals, skilled nursing facilities (SNFs) and other higher-acuity settings. Coupled with demographic tailwinds tied to a baby boomer generation that is rapidly aging, those efforts have contributed to the growing U.S. home health care […]

Health System ProMedica to Acquire ManorCare Operations for $1.35 Billion

Nonprofit health system ProMedica is planning to acquire the operations of HCR ManorCare, including the company’s large home health arm. At the same time, Welltower Inc. (NYSE: WELL)—one of the largest U.S. health care real estate investment trusts (REITs)—has reached an agreement to acquire ManorCare landlord QCP in a $1.95 billion all-cash deal. Going forward, […]

Large Skilled Nursing Chain Signature Plans Eventual Home Health Expansion

When Signature HealthCARE added a home health arm through a 2014 acquisition, the major skilled nursing facility (SNF) company intended to eventually operate home health in all its SNF markets. Four years later, Signature’s home health footprint has not yet grown, but the Louisville-based company still believes in expanding home health once headwinds abate for […]

Ensign to Expand in Home Health by Repeating Skilled Nursing Strategy

As The Ensign Group (Nasdaq: ENSG) continues to expand in home health, the provider is planning to follow the same strategy that has proven successful in building up its skilled nursing portfolio. That means vesting significant power in local operators to make decisions, and targeting underperforming businesses for turnaround, Executive Vice President Chad Keetch said during a […]

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 […]

Kindred CEO: Massive Home Health Opportunity Demands ‘Blue Collar’ Approach

Home health and hospice are the most promising growth sectors in health care, but there are relatively few companies with the “blue-collar” mentality needed to seize that opportunity, Kindred Healthcare (NYSE: KND) CEO Benjamin Breier said Tuesday. “From an organic growth perspective, I don’t think there’s a better story in the health care service marketplace than […]

Kindred Forms Post-Acute Partnership with Genesis

The nation’s largest home health care provider is forging a “strategic clinical collaboration” with another major post-acute provider, through which they intend to offer complementary, coordinated services. The relationship between Genesis HealthCare (NYSE: GEN) and Kindred Healthcare (NYSE: KND) is the first of its kind in the post-acute space, Genesis CEO George V. Hager said in […]

Home Health Acquisition Prices Spike to Start 2016

The amount of money being put toward acquiring home health and hospice companies is increasing, according to the latest figures from Irving Levin Associates, Inc.’s ‘Health Care M&A Report.’ Specifically, the dollars spent on home health and hospice mergers and acquisitions in the first quarter of 2016—in cases where the price was disclosed—rose 69% from […]

Business Briefs: Amedisys’ New Board Members

Amedisys Welcomes Three New Board Members Amedisys Inc. (NASDAQ: AMED) appointed three new members to its Board of Directors: Jeffrey Rideout, M.C., M.A., FACP; Julie Klapstein; and Richard A. Lechleiter. The new appointees’ positions became effective April 20. Rideout is currently president and CEO of the Integrated Healthcare Association, a statewide multi-stakeholder group in California […]