Addus Closes on Hospice Partners of America; Ensign Group Completes Pennant Spinoff

Addus completes Hospice Partners of America deal Addus HomeCare Corporation (Nasdaq: ADUS) has completed its purchase of Hospice Partners of America. The Frisco, Texas-based at-home care company bought the multi-state hospice provider for $130 million cash — $118.4 million of which was in value and $11.6 million was in estimated tax benefits, according to a […]

Ensign Reveals Spinoff Details; SAVNA to Merge with Home Care Advantage

Ensign announces spinoff date The Ensign Group Inc. (Nasdaq: ENSG) has revealed additional details for its planned home health and hospice spinoff. In May, the Mission Viejo, California-based Ensign announced it planned to spin off its home health, hospice and senior living businesses into The Pennant Group, a separate publicly traded company. Currently, The Ensign […]

Ensign Group Names Company Vet as CFO of Home Health Spinoff Pennant

The Ensign Group Inc. (Nasdaq: ENSG) announced Monday that it has named Jennifer L. Freeman to serve as chief financial officer of The Pennant Group Inc., the planned spinoff company launched from Ensign’s home health, hospice and senior living businesses. Freeman is an Ensign veteran, having joined the company earlier this year as CFO of […]

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 […]

Ensign’s Cornerstone in Buy-Now Mode, CEO Says

Cornerstone Healthcare — the large in-home care provider organization under The Ensign Group Inc. (NYSE: ENSG) umbrella — is actively seeking opportunities to acquire both well-performing and struggling home health, hospice and home care operations across the United States. That’s according to Cornerstone President and CEO Daniel Walker, who hinted at future M&A moves following […]

Ensign CEO: Home Health, Hospice Segment Growth Likely to Outpace Skilled Nursing

The Ensign Group (Nasdaq: ENSG) achieved its highest-ever adjusted earnings per share during the fourth quarter of 2018, the company announced Wednesday. That’s thanks in part to growth and success in the California-based provider’s home health and hospice services segment. Growth within the space will likely outpace that of Ensign’s skilled nursing subset, President and […]

Highest Paid CEOs in Home Health Last Year

CEOs from publicly traded home health care companies brought home a combined total of about $39.5 million in 2017—though some execs certainly earned far more than their industry peers. In order, CEOs from Kindred Healthcare (NYSE: KND), Encompass Health (NYSE: EHC) and Amedisys, Inc. (Nasdaq: AMED) took home the most last year in total compensation, […]

Highest Paid Chief Executives in Home Health Care

While it’s fair to assume that some of the country’s biggest publicly traded home health care companies pay their chief executives well, some earn more than others. In 2016, CEOs at HealthSouth (NYSE: HLS), Kindred Healthcare (NYSE: KND) and Brookdale Senior Living (NYSE: BKD) made the most in total compensation—a figure that includes base salary, stock awards, […]