Category: Addus HomeCare
By leveraging improved recruitment numbers and the surplus of resources from state governments, leaders with Addus HomeCare Corporation (Nasdaq: ADUS) are hoping the tail end of 2022 could be a big one in terms of M&A and organic growth. Addus’ EVP and CFO Brian Poff sounded optimistic about the company’s growth plans – as well […]
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. […]
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 health 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 […]
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 […]
For the first time in Tony Strange’s career, he has managed care plans, state Medicaid agencies and even the U.S. Centers for Medicare & Medicaid Services (CMS) reaching out and asking what can be done to increase access to home- and community-based services. Strange – the CEO of Aveanna Healthcare Holdings Inc. (Nasdaq: AVAH) and […]
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 home health 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 […]
CommonSpirit Health is in talks to transfer ownership of its home health operations in Minnesota and North Dakota to an undisclosed third party, according to recently released financial documents. Currently, CommonSpirit Health operates more than 1,500 care sites and 140 hospitals across 21 states. The health system has about 150,000 employees total, including 25,000 physicians […]
In terms of financial results, Addus HomeCare Corporation (Nasdaq: ADUS) is coming off a record third quarter. The Frisco, Texas-based home health, hospice and personal care services provider has plenty of challenges ahead, however, including the difficult labor landscape that’s about to become even more complex thanks to federal COVID-19 vaccination rules. Somewhat diminished M&A […]
Aveanna Healthcare (Nasdaq: AVAH) has agreed to acquire Comfort Care Home Health for $345 million, according to financial filings. The Atlanta-based Aveanna went public through a $100 million IPO earlier this year. While it filed an 8-K on Oct. 1 for the deal, a press release has not yet been issued. Sign up for HHCN […]
Home- and community-based services (HCBS) are a way to fill gaps in care for seniors with complex medical conditions, with Medicaid being the main source of coverage for long-term services and supports (LTSS). As of 2020, over 2.5 million individuals received HCBS services, according to the Kaiser Family Foundation (KFF). Still, there are hundreds of […]
The home health industry is at a pivotal moment, with operators weighing exciting new opportunities while simultaneously working through emerging challenges related to the COVID-19 virus. Amedisys Inc. (Nasdaq: AMED), LHC Group Inc. (Nasdaq: LHCG), Aveanna Healthcare Holdings Inc. (Nasdaq: AVAH) and other publicly traded providers discussed many of the industry’s biggest developments during their […]
The COVID-19 public health emergency has solidified the home as a viable and effective care setting. That, in turn, has led to meaningful opportunities for home-based care providers, especially those with diversified service lines. Addus HomeCare Corporation (Nasdaq: ADUS) is a prime example. The company’s leadership team discussed the pandemic and its lasting impacts during […]
The 45th episode of our podcast, Disrupt, is now available! Addus HomeCare Corporation (Nasdaq: ADUS) is one of the largest personal care services providers in the U.S., with growing footprints in both the hospice and home health spaces as well. Today, the home-based care provider delivers its services to about 44,000 consumers through 208 locations […]
Typically, when executives talk about their companies “having to weather the storm,” they’re speaking figuratively. That wasn’t the case for Addus HomeCare Corporation (Nasdaq: ADUS) on Tuesday. Addus CEO and Chairman Dirk Allison talked about the negative impact that the February winter storms had on the home-based care provider’s business during the company’s Q1 2021 […]
Two in-home care powerhouses — a provider and technology company — are teaming up to build a new kind of data platform. On Thursday, Addus HomeCare Corporation (Nasdaq: ADUS) announced that it has entered into a joint software-development agreement with Homecare Homebase (HCHB) to build “the industry’s first integrated, enterprise-level solution for all types of […]
Addus COO lands promotion Addus HomeCare Corporation (Nasdaq: ADUS) has promoted Brad Bickham to the role of president and chief operating officer. Frisco, Texas-based Addus provides personal care, home health and hospice services to about 44,000 consumers, through 212 locations in 22 states. Bickham’s promotion was internal. He first joined Addus in 2017, previously serving […]
Addus HomeCare Corporation (Nasdaq: ADUS) — the personal care services powerhouse that has increasingly turned its attention to home health and hospice care over the past few years — has inked a new value-based care deal. The Frisco, Texas-based in-home care company announced Wednesday that it has entered into a “value-based post-acute care navigation agreement” […]
AccentCare appoints Chris Dimos as COO AccentCare has named Chris Dimos its chief operating officer. Dallas-based AccentCare has over 200 locations across the U.S. As a company, it provides skilled home health and personal care services, along with hospice care, private-duty nursing and care management services. Prior to joining AccentCare, Dimos was the president of […]