PE-Owned Hospice Giant Compassus Reportedly Considering a Sale

Private equity-backed Compassus could soon be up for sale, according to a Jan. 8 report from PE Hub. PE Hub cited “three people familiar with the matter” for its article, which claims Compassus has tapped an advisor from Jefferies Financial Group to help the company prepare for an upcoming sales process. Jefferies had no comment […]

From Death Doulas to Minimum Wage Hikes: 10 Memorable Stories from 2018

Home Health Care News’ most-read stories of 2018 largely focused on Medicare Advantage changes, payment updates and regulatory initiatives. But every year there are also stories that don’t make our most-read list that we feel are deserving of another look. These stories highlight interesting trends, shed light on important topics and capture some of the […]

Home Care Giant BrightSpring to Merge with Major LTC Pharmacy PharMerica

Home- and community-based care giant BrightSpring Health Services — formerly known as ResCare — plans to merge with pharmacy company PharMerica. The two companies will be under the private equity ownership of KKR, with an affiliate of Walgreens Boots Alliance (Nasdaq: WBA) holding a minority stake, according to an announcement issued Tuesday. Full financial terms […]

Rumors Swirl Around Possible BrightSpring, Civitas Sales

Persistent rumors are swirling around a potential sale of home care services provider BrightSpring Health, formerly known as ResCare, by private equity ownership group Onex Corp. Civitas Solutions Inc. (NYSE: CIVI), another large home- and community-based service provider to individuals with disabilities, has now become subject to sale speculation as well. Louisville, Kentucky-based BrightSpring and […]

ResCare Rebrands as BrightSpring Health Services

Louisville, Kentucky-based ResCare has made another move to revitalize its brand. The company announced Wednesday that it has a new name—BrightSpring Health Services. “Simply stated, the updated name better reflects who we are today and where we’re going,” BrightSpring Health Services President and CEO Jon Rousseau told Home Health Care News via email. “Our rebranding demonstrates the progress we’ve made […]

ResCare Leadership Refresh Continues with New Divisional President

ResCare, Inc., one of the largest privately held home and community-based health services providers to complex populations in the United States, has continued its recent leadership infusion by hiring a new top executive to oversee its robust Intellectual and Development Disability (IDD) Services business line. Louisville, Kentucky-based ResCare announced on Tuesday that assisted living and […]

ResCare Crafts Strategy, Sets Goals to Reduce Turnover

Turnover is a concern for ResCare, as it is across the home care industry. But leaders at the large Louisville-based provider also believe that a more stable labor force is an achievable goal, and it is one they are pushing toward. With annual revenue of around $2 billion, ResCare provides in-home care to about 60,000 […]