What President Joe Biden’s ‘American Rescue Plan’ Means for Home Care Operators

Before President Joe Biden was sworn in on Wednesday, he had already unveiled plans for another massive stimulus package, one that could help home-based care providers in some ways — and hurt them in others. Under the new president’s “American Rescue Plan,” for instance, there would be $400 billion put forth to increase COVID-19 testing […]

New CMS Hospital-at-Home Program Could Boost Business for Home Health Agencies

In its initial announcement, the U.S. Centers for Medicare & Medicaid Services (CMS) went out of its way to clearly state its new hospital-at-home waiver program was not designed for home health agencies. But that doesn’t mean there isn’t any upside for them, industry insiders say. Unveiled on Nov. 25, CMS’s new hospital-at-home waiver program […]

Breaking Down Ensign’s Home Health and Hospice Spinoff Plans

Mission Viejo, California-based The Ensign Group Inc. (Nasdaq: ENSG) unveiled plans Monday to spin off its home health, hospice and senior living businesses into The Pennant Group, a separate publicly traded company. Expected to close by the end of 2019, the Pennant spinoff will consist of 60 home health and hospice agencies and 51 senior […]

Amedisys Stock Dips After ‘Blowout Quarter’

Amedisys Inc. (Nasdaq: AMED) posted strong Q1 2019 financial results on Tuesday, with home health revenues buoyed by a 6% rise in same-store total volume. Despite a solid quarter, the company’s stock values were down 6.21% nearing end-of-day Wednesday, trading at $119.88 per share. Headquartered in Baton Rouge, Louisiana, Amedisys held a conference call with […]

Encompass Health to Acquire Alacare Home Health & Hospice for $217.5 Million

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 […]

Brookdale Shareholder Puts Forward Plan to Split Up Company

Brookdale Senior Living (NYSE: BKD) should split into two entities, activist investor Land & Buildings said in an open letter released Monday. Under the proposal, Brookdale would create a real estate investment trust (REIT) for its owned properties and a separate public company for its management business, including its ancillary services division that includes home health. […]