Amedisys Stock Buyback Highlights Record Prices in Home Health M&A

Amedisys, Inc. (Nasdaq: AMED) doubled down on its own home health, hospice and personal care business Monday, deploying nearly all of its cash on hand to buy back $178 million worth of stock from global investment firm KKR (NYSE: KKR). The transaction signals leadership’s continued confidence in the Baton Rouge, Louisiana-based company’s growth prospects, but […]

Transactions: AccentCare Acquires in Texas

AccentCare Acquires Quality Care Services Texas-based AccentCare has expanded its personal care services client base by acquiring Quality Services’ Medicaid attendant care segment, which serves the Beaumont, Texas area. The transaction was effective Feb. 1. The acquired business segment assumed the name of AccentCare’s regional branch in Texas —Texas Home Health. Quality Care Services was […]

Changing M&A Trends Make Home Health a Hotter Acquisition Target

Transformative mergers and acquisitions took place in health care last year, and the types of deals suggest that a more diverse set of buyers could be on the hunt for home health and hospice acquisitions in 2018. In 2017, there were 115 M&A transactions involving hospitals and health systems, marking the highest level of activity […]

Small Home Health Agencies Prefer Cash to Legacy

The family-owned business, passed on from generation to generation, is an archetype of American commerce. In practice, however, most “mom-and-pop” home care and home health agencies are content to take the money and run when it comes time to pass the business into new hands. “It’s rare to have a child to take over, rare […]

Home Health Players Line Up for Hospice Deals in 2018

The strong role hospice plays in the post-acute care continuum is being realized more and more by consumers, driving a surge in mergers and acquisitions (M&A) activity and overall interest in the space by home health providers. In fact, during Amedisys, Inc.’s (Nasdaq: AMED) third-quarter earnings call, CEO Paul Kusserow declared the company’s focus on […]

Addus Aims to Limit Illinois Exposure

After numerous challenges with getting paid by the state of Illinois after years of budget woes, Addus Homecare (Nasdaq: ADUS) is now actively seeking to reduce its exposure in the state, executives stated on the company’s most recent earnings call. Addus, which moved its headquarters from Illinois to Frisco, Texas, earlier this year, is one of […]

More than Meets the Eye in Home Health M&A Valuations

When a home health acquisition occurs, a single trading multiple is announced for the deal — and in home health, there have been some impressive multiples lately. However, there could be a case for more than a single multiple on any given transaction, as the buyer and seller might have different ways of thinking about that number. […]

Despite Slow Second Quarter, Home Health M&A Remains Strong

Only nine publicly announced home health deals occurred in the second quarter of 2017, according to research conducted by Norwalk, Connecticut-based Irving Levin Associates. This performance signified a 40% drop in activity when compared to the total publicly announced mergers and acquisitions in the first quarter of the year (15), as well as a back-to-back decline in […]