Humana Hires New CMO Humana (NYSE: HUM) has appointed a new chief medical officer. Dr. William Shrank will take the reins April 1, as current CMO Dr. Roy Beveridge transitions to retirement later in the year. Beveridge will stay on for several months after Shrank steps in to ensure a smooth transition, according to Humana. […]
HCR Manorcare
The acquisition of HCR ManorCare, the nation’s second-largest skilled nursing provider, by nonprofit health system ProMedica falls in line with a growing trend of payors and providers building out their care continuum, with one goal being to treat patients more frequently in lower-cost care settings like home health care. On late Wednesday night, ProMedica announced […]
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 […]
Quality Care Properties (NYSE: QCP) is poised to take ownership of HCR ManorCare’s hospice and home health business as part of a deal announced late last week. The transaction follows a long period of financial troubles at HCR ManorCare and months of negotiations with QCP, a real estate investment trust (REIT) that is the landlord […]
Despite regulatory and operational challenges within the home health and hospice industries, competition remains strong, as evidenced in Chicago-based research firm LexisNexis’ 2017 Top 100 Home Health and Hospice Agencies Rankings. The 2017 rankings were compiled by LexisNexis Risk Solutions utilizing 2016 medical claims and patient volume data from the company’s proprietary “MarketView” claims database, […]
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