Category: Amedisys Inc.
At the very beginning of this year, I wrote an HHCN+ Report on the home health public market and how it sets the pace for the rest of the industry. At the time, the public companies were all doing well, though things have certainly changed since then. Among my takeaways, I wrote about how larger […]
When Amedisys Inc. (Nasdaq: AMED) purchased Contessa Health, it touted the acquistion as a future-facing move that would allow the company to care for patients across the continuum. The company’s leaders knew it would be a near-term drag, and some analysts and home health insiders scratched their heads. Still, Amedisys reiterated the opportunity it saw […]
The average age of an Amedisys Inc. (Nasdaq: AMED) patient is about 78. The current age of the oldest baby boomer is about 77, which suggests that a whole new population could be entering its census in the near-term future. On top of that, elective procedures are returning to pre-pandemic levels, representing about 8% of […]
Amedisys Inc. (Nasdaq: AMED) will soon be in a league of its own, at least to a certain extent. There are certainly plenty of independent, home-focused companies still on the publicly traded market. But the Baton Rouge, Louisiana-based provider has seen its direct peers go one way or the other over the years, especially of […]
Amedisys Inc. (Nasdaq: AMED) has been vocal about leaning into the opportunities that offering higher-acuity care in the home will bring. That has also had an influence on the company’s M&A and JV strategies. “Our acquisition of Contessa Health last year created the platform for us to directly offer those high-acuity services,” Kris Novak, vice […]
The pace hasn’t been as aggressive as some expected, but the home health industry has been undergoing a wave of consolidation over the past several years, with the number of freestanding agencies decreasing annually since at least 2015. While consolidation can certainly bring added stresses for existing operators, experts in the mergers-and-acquisitions field note there […]
Amedisys Inc. (Nasdaq: AMED) has entered into an agreement to acquire the home health assets of AssistedCare Home Health and RH Homecare Services, the latter of which conducts business as AssistedCare of the Carolinas. The agreement marks the second acquisitive move that Amedisys has made in the month of February alone, again signaling a jump-start […]
Amedisys Inc. (Nasdaq: AMED) has entered into an agreement to acquire Evolution Health, a Dallas-based provider of home health, hospice and infusion therapy services. The deal could mark a shift in Amedisys’ mindset, one that its executives said was coming. After remaining mostly quiet on the home health front of late – favoring hospice M&A […]
Home-based care providers are short on workers. It’s the largest, most universal issue facing the home care and home health industries right now. And the problem is being worsened by bottom-line headwinds that come with hiring contract workers meant to fill the void. Almost every publicly traded home health company mentioned the drag that contract […]
During an earnings call on Nov. 3, Amedisys Inc. (Nasdaq: AMED) leaders defended the company’s acquisition of hospital-at-home enabler Contessa Health. They also teased “substantial” deals for the company coming down the pike. A week later, Contessa announced that it had partnered with Penn State Health, which has a footprint that spans across 29 counties […]
Since Amedisys Inc. (Nasdaq: AMED) announced its $250 million acquisition of the hospital-at-home enabler Contessa Health in late June, it has had to answer several questions about the deal’s merit. On Wednesday, Amedisys leaders again expressed unabashed enthusiasm over the deal, further explaining why Contessa makes sense for the company’s strategy moving forward. “Our goal […]
The Future Leaders Awards program is brought to you in partnership with PointClickCare. The program is designed to recognize up-and-coming industry members who are shaping the next decade of senior housing, skilled nursing, home health and hospice care. To see this year’s future leaders, visit https://futureleaders.agingmedia.com/. Kris Novak, vice president of mergers and acquisitions at […]
The Future Leaders Awards program is brought to you in partnership with PointClickCare. The program is designed to recognize up-and-coming industry members who are shaping the next decade of senior housing, skilled nursing, home health and hospice care. To see this year’s future leaders, visit https://futureleaders.agingmedia.com/. Nick Muscato, senior vice president of finance at Baton […]
Amedisys Inc. (Nasdaq: AMED) hasn’t been shy about the company’s plans to gain an even larger share of business from other post-acute care operators. With that in mind, the company has been focused on setting up shop in the SNF-at-home space, pairing skilled home health care with non-medical personal care services. Those efforts have now […]
Amedisys Inc. (Nasdaq: AMED) was able to grow in 2020 amid unprecedented turmoil. Its executives are now bullish on where the company stands among its peers at the back half of the COVID-19 crisis. To keep the momentum going, too, Amedsys is investing significant energy and focus into improving staffing moving forward. “We generally try […]
Kindred at Home remained at the top of the home health care mountain in 2020, checking in as the largest provider in the country, according to the latest annual ranking from LexisNexis Risk Solutions. Kindred specifically captured nearly 6% of the national market share last year. Kindred at Home is part of Humana Inc. (NYSE: […]
Samuels joins the Amedisys board Amedisys Inc. (Nasdaq: AMED) has named Ivanetta Davis Samuels to its board of directors. She became officially active in her role on Dec. 15. “I am excited to welcome Ivanetta and her vast leadership experience to our Board of Directors,” Amedisys CEO and President Paul Kusserow said in a statement. […]
Amedisys Inc. (Nasdaq: AMED) is leveraging its staff and expertise to deliver infusion services to COVID-19 patients — wherever they may live. The Baton Rouge, Louisiana-based home health, hospice and personal care services provider announced on Tuesday that it has partnered with Option Care Health Inc. (Nasdaq: OPCH), the largest independent home- and alternate-site infusion […]
When there are challenges in any industry, the organizations that hurdle them quickly and efficiently end up gaining an advantage. Amedisys Inc. (Nasdaq:AMED) feels like it has done that. After a census bounce-back from COVID-19, a successful transition to the Patient-Driven Groupings Model (PDGM) and an identification of new ways to accelerate its home health […]
One of the largest home care franchises in the country is teaming up with one of the nation’s largest home health providers. Chicago-based BrightStar Care signed a care coordination agreement with Baton Rouge, Louisiana-based Amedisys Inc. (Nasdaq: AMED), adding BrightStar’s agencies to Amedisys’ personal care network. The personal care network’s goal is to facilitate care […]
M&A has been quiet in home health care for the most part, mostly due to the implementation of the Patient-Driven Groupings Model (PDGM) and the COVID-19 virus. Each has created uncertainty, though it was the former that kicked off the quiet M&A environment starting last year. PDGM put a halt to a lot of activity […]