Enhabit Home Health & Hospice (NYSE: EHAB) is running against the wind right out of the gates due to labor and capacity constraints — but remains poised for hospice acquisitions as the rest of this year unfolds. Enhabit completed its split from Encompass Health (NYSE: EHC) last month, becoming its own separate, publicly traded company […]
Bolstered by recent acquisitions, Addus Homecare’s (NASDAQ: ADUS) hospice segment is holding its own against labor headwinds and inflation. For example, the company’s $85 million acquisition of Illinois-based hospice provider JourneyCare Inc., earlier this year added $25 million to its second quarter revenues. Addus also counted its first full quarter of revenue from its 2021 […]
VITAS Healthcare, a subsidiary of Chemed Corp. (NYSE: CHEM), recently launched a targeted hiring and retention wellness initiative designed to ease workforce strains and increase capacity for patient care, paving the way for sustainable long-term growth. The program, which includes one-time retention bonuses, is focused on building up the company’s supply of licensed nurses, nurse […]
Hot on the heels of forming four palliative care-focused joint ventures, Contessa Health has several more in the works during the remainder of 2022. Contessa is a subsidiary of Amedisys, Inc. (NASDAQ: AMED), which announced its $250 million acquisition of the high-acuity home care company in June of last year. Since that time, Contessa has […]
Humana Inc. (NYSE: HUM) expects revenue to fall by $400 million immediately following its divestiture of the Kindred at Home hospice segment, but anticipates this to be offset by lower operating costs and, in time, the proceeds of the sale. The company signed a definitive agreement in April to sell a 60% stake in Kindred […]
Aveanna Healthcare (NASDAQ: AVAH) is seeing strong returns from its hospice and home health acquisitions while continuing to battle labor headwinds. Industry-wide, workforce pressures from staff shortages and rising wages have not relented. While clinical staff were dwindling prior to the pandemic, the pace accelerated when COVID-19 struck. The surges that occurred late last year […]
Recent acquisitions and joint ventures by The Pennant Group (NASDAQ: PNTG) are fueling bottom-line growth for the Idaho-based senior services provider. The financial boost from acquired home health and hospice agencies helped mitigate COVID-related struggles like rising costs and labor headwinds. Case in point, the 15 deals the company completed in 2020 collectively grew EBITDA […]
As LHC Group’s (NASDAQ: LHCG) pending $5.5 billion acquisition by UnitedHealth Group (NYSE: UNH) unfolds, the home health and hospice provider is seeing resurgent admissions growth despite persistent workforce pressures. LHC Group saw a contraction in the nursing labor market across its business segments during the second half of last year, President Joshua Proffitt previously […]
Acquisitions will be crucial to Addus HomeCare Corp.’s (NASDAQ: ADUS) 2022 objectives as COVID headwinds start to abate. The company expects to gain momentum on expansion as the year progresses. Acquisitions remain an important part of the company’s growth strategy as it seeks to co-locate each of its three business lines in the markets it […]
Amedisys (NASDAQ: AMED) subsidiary Contessa Health is seeing strong patient engagement for its expanded home-based palliative care program, which the company launched in January in partnership with Mount Sinai Health System in New York. Tennessee-based Contessa Health provides a continuum of home-based care, including high-acuity services such as hospital-at-home and skilled-nursing-at-home services. Home health and […]
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