Amedisys Preps for Payment Shifts, Acquires Personal Care Agency

Home health giant Amedisys Inc. (Nasdaq: AMED) achieved strong financial results in the second quarter of 2018 and is bullish on a variety of industry trends and shifts, including major changes related to Medicare payments and ongoing consolidation across the post-acute care continuum. The company also announced that it has acquired Bring Care Home, which […]

Home Health Stays Hot with 21 M&A Deals in Q2

Home health merger and acquisition activity continued at a healthy clip in the second quarter of 2018, with 21 publicly announced deals. That’s up from 12 acquisitions in Q2 2017, according to newly released data from market intelligence firm Irving Levin & Associates. On a quarterly basis, deal volume dipped slightly; there were 23 publicly […]

Fazzi Associates Acquired by TPG-Owned Software Company Mediware

Software company Mediware has acquired Fazzi Associates, a firm that provides consulting and other services to the home care and hospice industry. Mediware is a portfolio company of TPG Capital, a private equity giant that also owns a stake in the nation’s largest home health and hospice provider. Northampton, Massachusetts-based Fazzi serves more than 1,400 […]

Kindred Shareholders Approve Acquisition by Humana, PE Firms

Kindred Healthcare (NYSE: KND) shareholders approved the sale of the company’s home health and hospice business to insurance giant Humana (NYSE: HUM) and two private equity groups. The approval comes after some contention among shareholders. One investor with a 5.8% stake in Louisville-based Kindred, Brigade Capital, sued to block the merger. The suit was dismissed […]

Kindred Overcomes Shareholder Suit, Merger Vote Moves Forward

A scheduled shareholder vote to sell Kindred Healthcare (NYSE: KND) will move forward after a judge dismissed a lawsuit by a major shareholder. Brigade Capital Management, a New York-based private equity firm with a 5.8% stake in Louisville-based Kindred, sued the health care provider in an attempt to delay or block the vote to sell the […]

Major Kindred Shareholder Brigade Capital Sues to Block Acquisition

As the acquisition of Kindred Healthcare’s (NYSE: KND) home health care business proceeds, one major shareholder is ramping up its fight against the deal. Brigade Capital, a New York-based private equity firm with a 5.8% stake in Kindred, has filed a lawsuit to stop the planned acquisition. The lawsuit, which seeks to stop the merger […]

Humana Focuses on Value in Purchase of Kindred Stake

Value creation is the name of the game in Humana’s (NYSE: HUM) deal with two private equity firms to acquire Kindred Healthcare (NYSE: KND) for approximately $4.1 billion, William Fleming, Humana’s president of health care services, told Home Health Care News. The deal, in which Humana and TPG Capital and Welsh, Carson, Anderson & Stowe (WCAS) arranged to pay $9 […]

Kindred Projects Home Health Recovery After Storm-Battered Third Quarter

Buoyed by the Centers for Medicare & Medicaid Services’ (CMS) recent decision to delay the home health groupings model (HHGM), executives at Kindred Healthcare, Inc. (NYSE: KND) say they see growth ahead in the sector. After taking a financial hit amid the recent natural disasters, Kindred expects annual revenue and admissions growth of 3% to […]

Kindred Reports $20 Million Loss from Hurricanes

As home health agencies across the Gulf Coast continue their recovery efforts in the aftermath of Hurricanes Harvey and Irma, many are starting to feel the blow from the financial impact the disasters have left behind. Louisville, Kentucky-based Kindred Healthcare (NYSE:KND) expects a one-time pre-tax earnings impact from Hurricanes Harvey and Irma of approximately $20 […]