A $1.6 billion acquisition could be in the works between two of the home health industry’s largest players as Kindred Healthcare, Inc. (NYSE:KND) sets its sights to acquire Gentiva Health Services, Inc. (NYSE:GTIV). Under the proposal, Kindred would acquire all of the outstanding shares of common stock of Gentiva for a combination of $7.00 per […]
Category: Franchises
Kindred Healthcare, Inc. (NYSE:KND) announced this week that it has signed an agreement to become a strategic partner and owner in a Las Vegas accountable care organization (ACO). Kindred will partner with Silver State Accountable Care Organization, LLC, an ACO that formed in 2013 and services Medicare fee-for-service patients in Southern Nevada. Partnering with Kindred’s […]
National home care provider Amedisys, Inc. (Nasdaq: AMED) says it will close and consolidate a total of 54 locations across the country. The locations consist of 23 home health and six hospice branches that will close, while consolidating 25 other home health and hospice care centers nationwide. As a result of these actions, Amedisys expects […]
Louisville, Kentucky-based Signature Healthcare is getting into the skilled home health services arena with its acquisition of Florida-based ConfiCare Home Health Solutions, reports Louisville Business First. Since the purchase—the price of which was not disclosed—closed on March 1, the company has been renamed Signature HomeNow and retains a headquarters in Louisville. The acquisition, will enable […]
Fortune 500 company Centene Corporation (NYSE: CNC) announced today it has signed into a definitive agreement to acquire majority interest in U.S. Medical Management, LLC (USMM) for approximately $200 million. Centene will acquire an approximate 68% interest in USMM, a home health company based in Troy, Michigan—an investment that Centene says will underscore its commitment […]
Following the opening of its 1,000th franchise location, Omaha, Nebraska-based Home Instead Senior Care announced it is planning to expand the global reach of its home health services in Canada and China. The 1,000th Home Instead location opened December 4 in Niagara Falls, Canada by local owners Danielle Cuoco and Jonathan Cook, adding to the […]
In efforts to bridge the gap between in-home care and technology-driven security solutions, a California entrepreneur is supplementing his home health franchise with a proprietary tech company specializing in security systems. Justin Johnston, 32, recently opened Home Helpers & Direct Link of Walnut Creek in California. Founded in 1997, Cincinnati-based Home Helpers is a national […]
National cable television provider Time Warner Cable has embarked on its first home health telemedicine trial that enables healthcare providers to engage and interact with patients at home. Teaming with Cleveland Clinic, Time Warner Cable Business Class (TWCBC)—a division of Time Warner Cable—announced Monday the start of its “Virtual Visit” home health monitoring program. The […]
Almost Family, Inc., a national provider of home health care services, today announced it has signed a definitive agreement to acquire the stock of SunCrest HealthCare for $75.5 million—the largest acquisition in the company’s history. SunCrest, a provider of skilled home health and personal care services generated over $150 million in revenue in 2012. The […]
FedEx Corp. (NYSE: FDX) and Cardinal Health (NYSE: CAH) announced Tuesday a partnership that will expand the companies’ drug distribution channels, including direct-to-patient delivery at home. The partnership will enable the companies to leverage their third-party delivery solutions through the combination of FedEx’s global transportation and logistics capabilities with the healthcare expertise of Cardinal Health. […]
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