Amedisys

Higher-Acuity Care, Rate Stability and New M&A Priorities: Key Takeaways from the Q2 Earnings Season

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 …

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More Aggressive Delta Variant Causing Home Health Providers to Navigate New Phase of the Pandemic

Since the onset of the COVID-19 emergency in early 2020, home-based care providers have had to navigate seemingly countless challenges around keeping both patients and staff safe. Providers are now gearing up to face a new and more aggressive strain of the coronavirus: the Delta variant. Among its major distinctions, the Delta variant is more …

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With Contessa Deal Finalized, Amedisys Ready to Explore ‘New Frontier’ of Home-Based Care

Amedisys Inc. (Nasdaq: AMED) executives are still coming down from the excitement around closing the company’s market-moving acquisition of Contessa Health, a home-based care innovator dedicated to shifting higher-acuity care into the home. But along with big future plans for Contessa and its legacy segments, the Baton Rouge, Louisiana-based aging-in-place giant also continues to face …

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Transactions: Regence BlueShield Teams Up with DispatchHealth; Amedisys Enters New Market

Health insurer Regence BlueShield has partnered with DispatchHealth to give its members access to hospital-at-home and mobile high-acuity services. “Hospitalizations in the home is a groundbreaking and exciting shift in care delivery,” Dr. Drew Oliveira, senior executive medical director at Regence, said in a press release. “Our partnership with DispatchHealth enables Regence members to receive …

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Transactions: Amedisys acquires VNA’s Home Health Assets; AccordCare Expands Medicaid Business

Amedisys Inc. (Nasdaq: AMED) has completed its purchase of Visiting Nurse Association’s (VNA) assets. Baton Rouge, Louisiana-based Amedisys has a number of in-home care capabilities, including home health, hospice and personal care services. Amedisys also recently acquired Contessa Health for $250 million. The deal gives the company a range of acute-level care services. Meanwhile, VNA …

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Recent Deals Signal Start of a New Home Health Arms Race, Market Shift

If you dig into the home health market, you’ll find that a lot of providers look very much alike. Overall, the home health market is made up of several thousand different players, from smaller mom-and-pop shops led by mission-driven nurses to multi-million-dollar behemoths led by savvy health care veterans. Yet for the most part, many …

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Amedisys Looks to Pull Away from the Home Health Pack with ‘No Brainer’ Contessa Deal

Aging-in-place company Amedisys Inc. (Nasdaq: AMED) on Wednesday announced plans to acquire hospital-at-home pioneer Contessa Health for $250 million. From a nuts-and-bolts perspective, the deal — expected to close later this summer — makes a ton of sense for Amedisys. Among the strategic benefits, for example, it gives the Baton Rouge, Louisiana-based company an unprecedented …

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[Updated] In ‘Strategic Milestone,’ Amedisys to Acquire Hospital-at-Home Company Contessa Health for $250M

Amedisys Inc. (Nasdaq: AMED) has an agreement in place to acquire Contessa Health, one of the biggest players in the hospital-at-home market, for $250 million. The acquisition takes Amedisys’ total addressable market for in-home care services from $44 billion to $73 billion, according to the company. Strategically, Amedisys believes it can leverage its existing home-based …

[Updated] In ‘Strategic Milestone,’ Amedisys to Acquire Hospital-at-Home Company Contessa Health for $250M Read More »

Amedisys Turns to Predictive Analytics to Lower Voluntary Turnover

In the home health business, providers rise and fall with their people. Recruitment and retention difficulties have been the bane of home health operators for years. Even during a once-in-a-generation pandemic filled with health hazards, cash-flow challenges and personal protective equipment (PPE) problems, it was staffing shortages that kept the bulk of organizations up at …

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Visiting Nurse Association to Sell Home Health, Hospice Operations to Amedisys

Amedisys Inc. (Nasdaq: AMED) expected to do plenty of dealmaking heading into 2020 and Year 1 of the Patient-Driven Groupings Model (PDGM). Those plans, however, were largely put on pause for the Baton Rouge, Louisiana-based home health, hospice and personal care services company due to the COVID-19 pandemic. While Amedisys remained active on the M&A …

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LHC Group Expands Texas Joint Venture; Anthem Completes myNEXUS Acquisition

LHC Group announces JV expansion LHC Group Inc. (Nasdaq: LHCG) as well as partners Texas Health Resources and Methodist Health System are expanding their joint venture in Texas. The three health care organizations announced on Thursday that they’re purchasing and sharing ownership of Regent Home Health, a provider that currently serves patients and families in …

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How PACE Helped Amedisys Create a Personal Care Innovation Hub in Massachusetts

As one of the largest aging-in-place companies in the nation, Amedisys (Nasdaq: AMED) has a footprint that stretches across nearly 40 states. It has turned one of those states into its chief innovation hub, partly thanks to its small but creative personal care services division. At the end of 2020, the Baton Rouge, Louisiana-based Amedisys …

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Amedisys, Charter Keep Home Health M&A Train Rolling

The home health dealmaking train keeps on rolling, with the latest transactions coming from Amedisys Inc. (Nasdaq: AMED) and Charter Health Care Group, a private equity-backed post-acute care provider. On Wednesday, the Baton Rouge, Louisiana-based Amedisys announced it signed a definitive agreement to acquire the regulatory assets of a home health provider operating in Randolph …

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Former CMMI Director Boehler Launches Investment Firm — With a Major Home Health Endorsement

A former leader of the CMS Innovation Center is launching his own health care investment firm. He’s doing so armed with a pretty solid endorsement from one of the home health industry’s biggest names. Adam Boehler — the initial head of the Center for Medicare and Medicaid Innovation (CMMI) under the Trump administration — announced …

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Amedisys Buys Back $73M in Stock, Forms JV Partnership with UMC Health System

Amedisys Inc. (Nasdaq: AMED) announced Monday that it has repurchased $73 million in stock. The move comes just a few days after Amedisys also executed a new joint venture with the UMC Health System. Baton Rouge, Louisiana-based Amedisys is one of the largest home health companies in the country, with more than 500 care centers …

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Home Health Giants Double Down on Diversion, as Nursing Home Numbers Normalize

Acute and post-acute patient volumes started to normalize in the early part of 2021, with hospitals, skilled nursing facilities (SNFs) and home health providers all hovering around their 2019 baselines. The accelerated rollout of COVID-19 vaccines is largely responsible for the newfound stability, particularly in the SNF space. Following millions of inoculations across the U.S., …

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Home Health M&A Experts Seeing Fewer ‘Fire Sales’ Tied to PDGM, COVID-19

The historic wave of consolidation that home health M&A experts predicted ahead of the Patient-Driven Grouping Model (PDGM) hasn’t fully panned out, largely due to the COVID-19 emergency and the billions in federal relief dollars that have come with it. There was some degree of contraction within the industry, however. Going into 2020, there was …

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Against All Odds, Home Health Care Helped Bend 2020’s Cost Curve

For the first time in decades, U.S. health care spending may have actually decreased in 2020, new data suggests. Several factors likely contributed to the potential decrease, according to nonprofit research and consulting firm Altarum, which released a preliminary analysis of last year’s national health spending on Tuesday. Such factors include year-over-year declines in hospital …

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What Nursing Home Operators, Home Health Providers Are Saying About SNF-to-Home Diversion

Back-and-forth shifts in patient volume between skilled nursing facilities (SNFs) and in-home care providers have been happening for years. Yet health care policymakers and executives are now examining such shifts — and the potential advantages of delivering care inside an individual’s home instead of a facility — more closely due to the ongoing COVID-19 pandemic. …

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How Amedisys’ Diverse Board Sets the Tone for the Company at Large

Although workplace diversity has long been seen as a difference-maker for organizations, it’s still rare to see a major company’s board of directors made up of mostly women. In fact, when it comes to representation in U.S. boardrooms, women only make up 20% of public company directors, according to data from the Diligent Institute. In …

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Top Home Health Trends for 2021

“Nobody knows what the future holds” has been one of the biggest lessons learned during the COVID-19 emergency. But even as the home health industry plays its part in responding to new infection spikes across parts of the country, it has never been more important to stay ahead of the curve. To remain competitive in …

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Traditions Health Acquires 4 Agencies; Help at Home Buys Adaptive

Traditions adds to post-acute care platform Traditions Health is adding to its growing post-acute care business. The College Station, Texas-based home health and hospice provider announced a handful of new acquisitions at the start of January. Financial terms of the transactions were not disclosed. In Oklahoma, Traditions acquired two home health agencies: Traditions Home Care …

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National Expansion of Home Health Value-Based Purchasing Model Estimated to Create $6.3B in Savings

In somewhat of a surprise move, U.S. health care policymakers unveiled plans last week to expand the Home Health Value-Based Purchasing (HHVBP) Model, a nine-state Medicare demonstration designed to better align reimbursement to quality of care. Despite backing from most of the home health industry, the HHVBP Model — first implemented in 2016 — had …

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Beyond the Pandemic: 9 Overlooked Stories from 2020

The ongoing COVID-19 pandemic dominated headlines in 2020 — and rightfully so. But there were plenty of other storylines that defined the year, including the launch of the Patient-Driven Groupings Model (PDGM), the conclusion of a hotly contested presidential election and the execution of multiple industry-shaping transactions. These are nine of the most overlooked stories …

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Home Health Executive Forecast for 2021: Reserving a Seat at the Big Kids’ Table

Going into 2020, many home health executives predicted that the Patient-Driven Groupings Model (PDGM) would kick off a wave of consolidation and agency closures. Others believed the phase out of Requests for Anticipated Payment (RAPs) would have a similar effect. For the most part, that didn’t happen. The COVID-19 pandemic — and all the policy …

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Amedisys Floats Future Innovation Plans, Details COVID-19 Costs

About five months into the COVID-19 crisis, Amedisys Inc. (Nasdaq: AMED) believes that it’s better positioned for the future than it was before COVID-19 landed on U.S. soil. The Patient-Driven Groupings Model (PDGM) and COVID-19 have presented challenges to the Baton Rouge, Louisiana-based company’s home health business, just like almost everyone else’s. But Amedisys bested …

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