After multiple years of record-breaking M&A activity, home health consolidators are now starting to show an increased interest in organic growth. While the approach to growing a home health business through building existing infrastructure may take longer, the environment in 2022 is more friendly to organic growth than it was during the COVID-19 pandemic. “We […]
When the Germans bombed England during World War II, “remote misses” ended up giving Londoners “survivor exhilaration,” which resulted in boosted morale as opposed to the Germans’ expectation of diminishing it. Though far from an apples-to-apples comparison, home-based care operators that were pummeled by Omicron-related workforce shortages at the beginning of 2022 – that are […]
A circuit court judge in Michigan has ordered State Farm Insurance Co. to continue paying the home care bills for a paralyzed Ann Arbor man. And though it’s a single case, it could be influential on a wider scale. Judge Archie Brown ruled that a 2019 auto insurance reform law that slashed payments to medical […]
Addus HomeCare Corporation (Nasdaq: ADUS) announced Wednesday that it has named a new EVP and chief development officer in Cliff Blessing, who had previously served as the EVP of corporate development for Encompass Health’s (NYSE: EHC) home health and hospice business. The move appears to reflect an aggressive M&A strategy for Addus, which was highlighted […]
Many home-based care organizations want to rely less on fee-for-service payment models and step into the value-based care space. While this is easier said than done, a few providers have been able to make significant strides in regard to value-based care relationships. At Care Advantage, value-based care makes up roughly a third of the company’s […]
Dozens of provider organizations in Michigan have gone out of business — and more are at risk of the same fate — due to the state legislature’s decision to cut the rates of home care and residential caregivers by 45%. As a result, thousands of people in Michigan will now likely be forced into nursing […]
BrightStar Care names chief development officer BrightStar Care has named Pete First its chief development officer. “Pete came to BrightStar Care with more than two decades of franchise experience under his belt and he quickly took the brand to new heights,” Shelly Sun, founder and CEO of BrightStar Care, said in a statement. “I am […]
The home care battles currently taking place in New York are local in theory. But every provider in the industry should be paying attention. The Fair Pay For Home Care Act has reached a Democratic majority in the state Senate, with additional support from the AARP and other advocacy organizations. The legislation, which would raise […]
Addus HomeCare Corporation (Nasdaq: ADUS) had intended to focus largely on home health and personal care acquisitions in 2022. But when a good hospice deal comes along, it’s difficult to pass up. The Frisco, Texas-based Addus announced Wednesday that it has reached an agreement to acquire “substantially all the assets of” Glenview, Illinois-based JourneyCare for […]
The home health market is made up of about 9,900 agencies, with businesses ranging in size, service mix and structure. The publicly traded home health companies, in particular, offer a snapshot of the industry in the present – and often a sneak peek at what’s to come. While the names of the publicly traded home […]
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