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 […]

[UPDATED] Humana, Private Equity Firms to Acquire Hospice Provider Curo for $1.4 Billion

Insurance giant Humana (NYSE: HUM) and two private equity firms—TPG Capital and Welsh, Carson, Anderson & Stowe (WCAS)—have agreed to acquire privately held hospice operator Curo Health Services for about $1.4 billion. The consortium of acquiring companies is already in the midst of buying the nation’s largest home health provider and second-largest hospice provider, Kindred […]

Home Care Providers Plan to Seize New Medicare Advantage Opportunity

Investors were bullish on home care on Tuesday, following news that Medicare Advantage (MA) plans would officially be allowed to cover non-skilled home care services starting in 2019. Care providers were excited as well, making the case that they are well-positioned to seize this opportunity, even as they are trying to determine its scope. The […]

Private Equity Firm Acquires Hospice with High Nurse-Patient Ratio

An Ohio hospice led by a previous Kindred Healthcare (NYSE: KND) executive has been acquired by private equity firm Stonehenge Partners Inc. The firm says it is committed to keeping the hospice’s model of having lighter caseloads for its nurses than are standard in the industry. Queen City and Capital City Hospice is headquartered in […]

Addus Sets Revenue Record, Moves Forward with Hospice

Addus HomeCare (Nasdaq: ADUS) achieved a new record for net service revenue in the fourth quarter of 2017 and recently made its first serious foray into hospice. Going forward, Frisco, Texas-based Addus will evaluate how the new service line complements its existing personal care business as the company seeks to expand in 2018. For the […]

Business Briefs: LHC, HealthSouth, Partnership for Medicaid Home-Based Care

Partnership for Medicaid Home-Based Care Announces Additional Founding Members and Board of Directors The Partnership for Medicaid Home-Based Care announced that Centene and All Metro have joined as founding members of the partnership. The partnership is a group of national home care provider organizations looking to advance the delivery and integrity of high-quality, cost-effective Medicaid home-based […]

Addus, Other Home Care Providers Form Lobbying Group

Addus HomeCare (Nasdaq: ADUS) and other national home care provider organizations have established a new coalition intended to advance the integrity and delivery of cost-effective, high-quality Medicaid home-based care. The Partnership for Medicaid Home-Based Care was created to address changing dynamics in the delivery of Medicaid home-based care, such as a dramatic increase in beneficiaries through the […]