Optum Fuels Growth for UnitedHealth Group with Amedisys Deal in the Wings

UnitedHealth Group’s (NYSE: UNH) subsidiary Optum, which holds a substantial home health and hospice business, continues to be a major driver of the company’s growth. Optum is in the process of acquiring the home health and hospice provider Amedisys (NASDAQ: AMED), with closing expected before the end of the year, pending some regulatory hurdles. Optum […]

Enhabit Demonstrates Hospice Growth Amid Conflict with Minority Investor Arex Capital Management

Amid a feud with one of its minority investors, Enhabit Inc. (NYSE: EHAB) has demonstrated steady hospice growth, according to preliminary Q2 financial results released on Monday. The company will release its comprehensive earnings report next month. But this early report indicates that Enhabit has seen five straight months of sequential hospice average daily census […]

Hospice Pivotal to Enhabit’s Growth Strategy as a Standalone Company

Hospice will remain a core piece of Enhabit Inc.’s (NYSE: EHAB) strategic growth plans following its recent announcements to remain a standalone business. The company was mum about its strategic decision not to sell in Thursday’s earnings call, but executives elaborated on its home health and hospice focal points. Dallas-headquartered Enhabit has been mulling a […]

Aveanna’s 4-Pillar Strategy for Growth

Aveanna Healthcare Holdings Inc. (NASDAQ: AVAH) is focused on growth in its private duty and home health businesses in 2024, particularly through value-based contracts. The company sees this approach as a mechanism for improving hiring and building clinical capacity amid labor headwinds. Aveanna added four value-based payer contracts during Q1 for a total of 18 […]

Pennant Sees ‘Record-Breaking’ Hospice, Home Health Growth

The Pennant Group, Inc. (NASDAQ: PNTG) brought in record-high service revenue during the first quarter of the year, in part fueled by growth in its hospice and home health service lines. Meanwhile, the Idaho-based home health, hospice and senior living provider is full-speed ahead on its same-store growth and acquisition plans, according to Pennant CEO […]

Addus HomeCare Expects 2024 Acquisitions

Addus HomeCare Corp. (NASDAQ: ADUS) is poised for further acquisitions, potentially including some hospice deals. The company is seeking to pair its clinical services with its personal business in its existing markets. This is a cornerstone of its acquisition strategy. But Addus Chairman and CEO Dirk Allison does not rule out the possibility of moving […]

BrightSpring Expects 2024 Expansion, Acquisitions

BrightSpring Health Services Inc. (NASDAQ: BTSG) is positioning itself for further growth, driven in part by acquisitions. During the first quarter of the year, BrightSpring saw net revenue rise 27% year-over-year to $2.5 billion. The Louisville, Kentucky-based provider achieved a gross profit of $369 million, up 10.4% compared to $335 million in Q1 2023, but […]

VITAS Bullish on Hospice, Palliative Care Acquisitions Following Covenant Deal

Chemed Corp. (NYSE: CHE) subsidiary VITAS Healthcare is ramping up its strategic growth plans in both hospice and palliative care amid rising demand for these services. VITAS earlier this month completed its $85 million acquisition of Covenant Health and Community Services’ hospice operations and one assisted living facility location. Announced in March, the deal marked […]

Amedisys Reports Hospice Revenue Growth

Amedisys Inc. (NASDAQ: AMED) has seen gains in its hospice segment as it waits for closure on its pending acquisition by Optum. The company’s hospice segment brought in $201 million in the first quarter of the year, up from $193.4 million year over year. Cost per day rose 2.3% during the quarter, however, largely due […]

UnitedHealth Group Set for Further Acquisitions

Despite intensifying regulatory scrutiny on its deals, UnitedHealth Group (NYSE: UNH) remains poised for further acquisitions. During the past two years, the insurance giant has completed a slew of acquisitions spanning much of the health care continuum — including hospice, palliative care and home health — as well as health care technology, largely through its […]