Traditionally, the home-based care world has been mostly void of massive unionization efforts among its workers. But that could change soon, thanks to a new ruling out of California related to “Assembly Bill 2455,” which the state passed in 2018. The bill aims to allow… Read More »State Bill Aiding Unionization in Home-Based Care Could ‘Set a Precedent’ Nationwide
Charter Health Care Group — a PE-backed post-acute care platform company with multiple locations across five states — announced Tuesday the acquisitions of both Vitality Home Healthcare and Heartwood Home Health & Hospice. The news comes less than two weeks after Bridges Health Services similarly… Read More »Home Health Buyers, Sellers Headed Toward Frenzied Finish to M&A in 2020
An increase in bankruptcy filings in the second quarter of 2020 paints a bleak picture for the health care world, both on near- and long-term bases. But the impact of that financial distress on home health providers remains difficult to gauge. In part, it’s challenging… Read More »Health Care Bankruptcies Hit Record High, But Home Health Care’s Financial Future Remains Murky
Home-based care providers who received loans under the Paycheck Protection Program (PPP) could face unexpected expenses when it comes time to file their 2020 taxes. That is, unless the government intervenes. “Congress clearly intended that PPP funds would be nontaxable,” Leon LaBrecque — a lawyer,… Read More »PPP Tax Debate Could Cost Home-Based Care Agencies in the Long Run
Smaller home-based care agencies could be forced to close their doors as a result of the coronavirus, creating merger-and-acquisition opportunities for larger providers in the space. However, the Paycheck Protection Program (PPP) adds a new layer of complexity to some of those M&A opportunities, specifically… Read More »
Pre-coronavirus, the home health and home care industries were already poised for historic consolidation, thanks to the Patient-Driven Groupings Model (PDGM), rising minimum wages and other operational pressures. Industry leaders predict that the COVID-19 emergency will only drive M&A further going forward. However, home-based care… Read More »Buyer Beware: Factors Home-Based Care Providers Should Consider Before Acquiring PPP Recipients