Addus HomeCare (Nasdaq: ADUS) achieved a new record for net service revenue in the fourth quarter of 2017 and recently made its first serious foray into hospice. Going forward, Frisco, Texas-based Addus will evaluate how the new service line complements its existing personal care business as the company seeks to expand in 2018. For the […]
Quality Care Properties (NYSE: QCP) is poised to take ownership of HCR ManorCare’s hospice and home health business as part of a deal announced late last week. The transaction follows a long period of financial troubles at HCR ManorCare and months of negotiations with QCP, a real estate investment trust (REIT) that is the landlord […]
Mercy Health and Bon Secours Health System have agreed to merge, which would create one of the largest health systems in the country. Its post-acute and senior care arm would include more than 50 home health agencies, hospice agencies, skilled nursing facilities (SNFs) and assisted living communities. Based in Cincinnati, Mercy Health is the largest […]
Brookdale Senior Living (NYSE: BKD), one of the largest home health providers in the United States, is under pressure again from an activist shareholder. The shareholder—Stamford, Connecticut-based investment management firm Land & Buildings—is pressing Brookdale to share more information about an ongoing strategic review process and says the company should consider offers that might seem […]
A deal announced this week could be the first step in the creation of a family of senior care franchise businesses under a single private equity owner, The Riverside Company. It’s similar to what Riverside has done in building the Dwyer Group, which is a platform of 17 trade service franchises, including Molly Maid, Mr. Rooter and […]
With a new CEO at the helm, home care franchise company ComForCare is growing in new directions. ComForCare, which has more than 200 locations across the United States, Canada and the U.K., has acquired CarePatrol, a company that helps place individuals in assisted living and other senior living settings. Like ComForCare, CarePatrol operates on a […]
Kindred Healthcare (NYSE: KND), the nation’s largest home health provider, is one step closer to being taken over by insurance giant Humana (NYSE: HUM) and two private equity groups. Kindred filed a preliminary proxy statement with the Securities and Exchange Commission on Monday, in advance of a special meeting of the stockholders to be held […]
Landmark Health, a private-equity backed company that provides in-home medical care, is exploring a potential sale, the Wall Street Journal reported Thursday. The publication cited unnamed sources with knowledge of the situation. A transaction is being pursued to free up Landmark CEO Adam Boehler (pictured above) to head up the Center for Medicare & Medicaid […]
In-home care provider AccentCare is entering 2018 with no regrets, as the Dallas-based company transitions a new acquisition, Nurses Unlimited, into its ranks. “This is a very good, mid-sized acquisition,” Daniel Buning, executive vice president of operations at AccentCare, told Home Health Care News. “There’s no buyer’s regret.” Based in Odessa, Texas, Nurses Unlimited is […]
HealthSouth Corporation is ushering in the new year by officially completing the change to its new moniker: Encompass Health Corporation. The planned name change took effect at stock market open Tuesday morning. In addition, the Birmingham, Alabama-based provider of home-based care and operator of inpatient rehabilitation hospitals has officially changed its New York Stock Exchange […]
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