UnitedHealth Group Inc. (NYSE: UNH) is still awaiting its pending deal of the home health giant LHC Group Inc. (Nasdaq: LHCG) to close. In the meantime, while LHC Group remains relatively quiet on that front, UnitedHealth Group CEO Andrew Whitty reemphasized his company’s desire to get the deal done and the show on the road. The […]
LHC Group Inc
Last month, UnitedHealth Group (NYSE: UNH) and LHC Group Inc. (Nasdaq: LHCG) each received a request from the Federal Trade Commission (FTC) for more information in regards to the former’s pending $5.4 billion acquisition of the latter. New details have emerged on what exactly the FTC is looking for in its probe. Broadly, under the […]
Over 27 million of LHC Group’s (Nasdaq: LHCG) 31 million shareholders participated in a vote Tuesday regarding the company’s pending deal with UnitedHealth Group (NYSE: UNH) and its subsidiary Optum. The move was first announced in March. Those shareholders overwhelmingly approved UnitedHealth Group’s pending acquisition of LHC Group, another big and necessary step in a […]
UnitedHealth Group (NYSE: UNH) has agreed to buy LHC Group (Nasdaq: LHCG). The deal is reportedly worth about $5.4 billion. The plan is to pair LHC Group – one of the largest home health providers in the U.S. – with Optum Health, which is already integrated into UnitedHealth’s network. “Since our founding in 1994, ‘It’s […]
LHC Group Inc. (Nasdaq: LHCG) President and COO Joshua Proffitt is more bullish than he’s been in “quite some time” about the growth potential of the company. That’s because the overall increased demand for home-based care has created an environment for top-line growth. “The strong demand that we’re experiencing really shows no sign of letting […]
LHC Group Inc. (Nasdaq: LHCG) executives believe that almost all of the company’s problems are short term in nature. Nonetheless, those problems cost the business significantly in the fourth quarter and in early 2022. Capacity constraints and high labor costs were major headwinds for LHC Group, as they were for most of the other large […]
Home-based care providers are short on workers. It’s the largest, most universal issue facing the home care and home health industries right now. And the problem is being worsened by bottom-line headwinds that come with hiring contract workers meant to fill the void. Almost every publicly traded home health company mentioned the drag that contract […]
Aveanna inks deal for Comfort Care Home Health Aveanna Healthcare (Nasdaq: AVAH) has agreed to acquire Comfort Care Home Health for $345 million, according to financial filings. The Atlanta-based Aveanna went public through a $100 million IPO earlier this year. While it filed an 8-K on Oct. 1 for the deal, a press release has […]
Home-based care agencies all across the country are racing toward – or already moved past – effective dates of vaccine mandates in their respective areas. And as they continue staff-education efforts internally while following outside legal challenges to mandates, providers are struggling to keep workers who refuse to get vaccinated against the COVID-19 virus. “We […]
The proposed expansion of the Home Health Value-Based Purchasing (HHVBP) Model has been a hot topic in the home health industry over the last few months. But while a nationwide mandatory value-based reimbursement system would certainly cause disruption, some operators believe the best path forward is to simply stay focused on high-quality care in the […]
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