U.S. stocks plunged Monday as investors responded to the global spread of the coronavirus and Saudi Arabia’s surprising oil price cut. Publicly traded home health providers were not immune to the market’s downswing. By noon, the Dow Jones Industrial Average had plummeted 8% and was well on its way to its worst day since 2008. […]
LHC Group names senior medical advisor LHC Group Inc. (Nasdaq: LHCG) has named its former part-time chief medical officer, Dr. Benjamin Doga, as its new senior medical advisor. Lafayette, Louisiana-based LHC Group and its 32,000 employees deliver home health, hospice, personal care and facility-based services to over 100,000 patients across the U.S. Dr. Doga, who […]
If there’s one thing home health care providers can agree on when it comes to the Patient-Driven Groupings Model (PDGM), it’s that the new model is shrouded in uncertainty. Despite attempting to predict expected reimbursement changes and adapting operations accordingly, agencies won’t know exactly how PDGM will affect them until well after its Jan. 1 […]
Despite being one of the largest and most powerful home health companies in the game, Amedisys Inc. (Nasdaq: AMED) isn’t immune to the uncertainty that comes with the looming Patient-Driven Groupings Model (PDGM). The Baton Rouge, Louisiana-based provider has a plan of action, even if the model goes into effect on Jan. 1 as is […]
Encompass Health Corporation (NYSE: EHC) announced Monday that it has reached a definitive agreement to acquire “substantially all of the assets” of Birmingham, Alabama-based Alacare Home Health & Hospice. Under terms of the deal, Encompass Health will pay $217.5 million for the privately-owned company, SEC filings show. The more than $200 million price tag for […]
Despite the physical and emotional demands of caregiving, financial constraints keep many people from seeking outside help for their loved ones. But a program out of California aims to offer certain family caregivers relief. San Diego County has allocated $1 million toward respite care for middle-class family caregivers who look after relatives with Alzheimer’s disease […]
Brookdale Senior Living (NYSE: BKD), the nation’s largest provider of private-pay senior housing, is in the midst of an operational turnaround—and the performance of its home health division did not help much in the first quarter of 2018. However, the Brentwood, Tennessee-based organization’s hospice business is growing, executives said during the company’s first-quarter 2018 earnings call Tuesday. […]
Fresh off its mega-merger with Almost Family, home health care giant LHC Group (Nasdaq: LHCG) is still eyeing big mergers and acquisitions opportunities in 2018. “We might be tempted to sit back and rest on our laurels, but that’s not in our DNA,” CEO Keith Myers said Thursday during the company’s first quarter earnings call. […]
After a year of turbulent home health regulatory pressures, Encompass Health (NYSE: EHC) is prepared to make a play for acquisitions in the home health and hospice sectors. However, Encompass isn’t the only company eyeing new opportunities in 2018, and the added competition could heat up the market, executives stated during the company’s end-of-year earnings […]
The Ensign Group (Nasdaq: ENSG) had strong financial results in the fourth quarter of 2017, posting its highest adjusted earnings per share in the company’s history, at $0.40. The Mission Viejo, California-based company’s home health and hospice segment contributed with a 27.5% year-over-year increase in revenue. Ensign might consider spinning off home health into a […]
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