Many of America’s seniors pick up and move upon retirement. Not all states make great retirement destinations, though, particularly when it comes to health care costs. Consumer financial services company Bankrate, Inc. recently published a list ranking the best states for retirees. To arrive at its conclusions, the firm considered factors that may be especially […]
After announcing it was branching out into senior living, home care franchise company BrightStar Care has shifted its aims for growing out its BrightStar Senior Living brand. Gurnee, Illinois-based BrightStar Care is one of the largest providers of home care in the nation, with more than 300 locations in 37 states. The first assisted living […]
Brookdale Senior Living (NYSE: BKD), the nation’s largest provider of private-pay senior housing, is in the midst of an operational turnaround—and the performance of its home health division did not help much in the first quarter of 2018. However, the Brentwood, Tennessee-based organization’s hospice business is growing, executives said during the company’s first-quarter 2018 earnings call Tuesday. […]
The vast majority of seniors would rather plan for their own funeral than for the last few years of their life—and only a small minority have actually prepared financially for their long-term care, a new survey has revealed. Specifically, more than 75% of seniors feel greater comfort planning for their funeral than planning for their […]
The country’s largest home health provider recorded a slight jump in home health revenue ahead of its planned $4.1 billion sale to Humana Inc. (NYSE: HUM), TPG Capital, and Welsh, Carson, Anderson & Stowe (WCAS). Specifically, fourth-quarter 2017 revenues in the Kindred at Home (KaH) division of Kindred Healthcare (NYSE: KND) rose 3% year-over-year to […]
Almost Family, Inc. (Nasdaq: AFAM) continues to reap the benefits of a joint venture acquisition first announced over a year ago as it prepares to merge with home health heavyweight LHC Group (Nasdaq: LHCG). Specifically, the Louisville, Kentucky-based company’s fourth-quarter 2017 home health segment net revenue increased 35.5% from the fourth quarter of 2016, to $145.1 million. Episodic admissions, meanwhile, rose […]
The time is ripe to completely change the current system for delivering health care and long-term services and supports (LTSS) to older adults in the U.S., according to a major senior care association—and home health could play a substantial role. LeadingAge, which represents more than 6,000 not-for-profit senior care providers, believes that its members in particular […]
Two home health care heavyweights have announced they plan to join forces to create the second largest home health care provider in the nation. Louisville, Kentucky-based Almost Family, Inc. (Nasdaq: AFAM) and Lafayette, Louisiana-based LHC Group, Inc. (Nasdaq: LHCG) on Thursday revealed that they have agreed to combine in an all-stock merger of equals transaction, pursuant […]
An activist shareholder is once again pressuring one of the country’s largest home health providers to act—this time, it says, in the interest of heightened transparency. Specifically, Stamford, Connecticut-based Land & Buildings Investment Management LLC on Monday urged Brookdale Senior Living (NYSE: BKD) to provide more visibility into its ongoing strategic review process, especially “given the duration […]
Almost Family (Nasdaq: AFAM) expects recent hurricanes will negatively impact its financial results, with up to $3.5 million in lost income expected for the third quarter. The Louisville, Kentucky-based home health provider currently has 332 branch locations in 26 states, and 66 of those operating locations are in Florida. The Florida locations—which included home health, hospice, personal […]
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