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, […]
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 […]
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 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 […]
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 […]
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 […]
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 […]
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 […]
This week, we had plenty of news to share with our readers. We let you know that Genesis was moving on from its home health and hospice operations in a sale worth $84 million. We also brought you coverage from the Illinois Home Care & Hospice Council Conference and stayed up-to-date on the latest earnings […]
One of the nation’s largest providers of post-acute care, Genesis Healthcare (NYSE: GEN), has sold the majority of its home health and hospice operations to post-acute provider Compassus for $84 million. The deal is expected to close within 90 days, pending regulatory approvals and other closing conditions. Genesis, which comprises more than 500 skilled nursing […]
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