Gentiva – the company comprised of the hospice and personal home care assets of what was formerly Kindred at Home – has agreed to acquire ProMedica’s Heartland home health and hospice assets for $710 million. Led by the former CEO of Kindred, David Causby, Gentiva is backed by both Humana Inc. (NYSE: HUM) and the […]
Gentiva
The flurry of 2021’s home-based care deals was a tough act for 2022 to follow. Especially in the third and fourth quarters of last year, a record-breaking number of transactions went down. A variety of factors contributed to that volume, including changing conditions that – at least for a short period of time – allowed […]
Kindred Healthcare (NYSE: KND) and one of its subsidiaries have agreed to settle a class action suit alleging the companies failed to pay some workers minimum wage or provide them adequate breaks, violating California law. Louisville, Kentucky-based Kindred, along with Gentiva Certified Healthcare, reached a deal to pay $12 million to roughly 1,600 people who worked […]
With the rise of managed care, ever-tighter reimbursements from government payors, and increased compliance challenges, home health agencies are under extraordinary pressure to optimize their revenue cycle management. That’s the idea shared by Des Varady, CEO of Corridor, and Ron Malone, former CEO of Gentiva Health Services and a new member of Corridor’s board of […]
In a health care environment riddled with newly introduced value-based payment models, Kindred Healthcare, Inc. (NYSE: KND), the nation’s largest home health provider, is setting out to improve clinical outcomes and ensure more coordinated care through better data use and analytics. Louisville-based Kindred has entered a multi-year agreement with Inovalon (Nasdaq: INOV), a technology company […]
Profit margins for U.S. home health agencies have been in free-fall over the past four years, compromising large, publicly traded companies and putting smaller providers in even more serious jeopardy. In 2010, the full-year margin for four of the largest home health companies averaged 7.1%, according to an Avalere Health analysis released Thursday by the Partnership for […]
The number of home health mergers and acquisitions dipped in the first quarter of 2015 compared to a year prior, but a trend of high deal values continued to hold strong. The first three months of this year saw 16 mergers and acquisitions of home health and hospice companies, compared with 19 in the first […]
As one of the fastest-growing sectors in the United States, home health care is teeming with activity — from acquisitions and partnerships to new leadership appointments and promotions. Here’s the latest news buzzing around the industry: Home Instead Appoints Jeff Huber as CEO Home Instead, Inc., the franchisor for Home Instead Senior Care, a leading […]
As more regulatory pressures force consolidation among the health care industry as a whole, home health and hospice providers also are feeling the heat — joining forces to better compete in today’s evolving landscape. Most recently, the University of Pittsburgh Medical Center, better known as UPMC, announced it would be bringing Family Hospice & Palliative Care […]
The recession boosted the attractiveness of home-based services more than any other type of senior care, according to the vast majority of senior living providers recently polled by Perkins Eastman. The international design, planning and consulting firm surveyed about 200 senior living stakeholders, including industry consultants and leaders at major not-for-profits, primarily continuing care retirement […]
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