Amedisys’ (Nasdaq: AMED) has halted the divestiture of some of its home health and hospice locations to Texas-based VitalCaring. Amedisys in June announced an agreement to sell some of its locations to the private equity-backed home health and hospice provider VitalCaring. The agreement included potentially more than 100 locations. The VitalCaring transaction was contingent on […]
Enhabit Inc. (NYSE: EHAB) is projecting strong hospice growth in the next year fueled in part by investments in technology and workforce development. The company is currently awaiting for the proverbial dust to settle following its victory in a recent lawsuit and the forthcoming new presidential administration. Enhabit anticipates a “nice bump” in patient census […]
Nautic Partners and The Vistria Group, the private equity backers of home health and hospice provider Vital Caring, are mulling a potential appeal of a federal court’s recent decision in a dispute with Encompass Health (NYSE: EHC) and Enhabit Inc. (NYSE: EHAB). A federal judge in Delaware on Monday ordered VitalCaring, Nautic and Vistria to […]
A federal judge in Delaware has ordered home health and hospice provider VitalCaring and its private equity backers to share future profits with Encompass Health (NYSE: EHC) and Enhabit Inc. (NYSE: EHAB). The case has a long circuitous history that dates back to 2022 when Encompass Health spinned off its home health and hospice business […]
Enhabit Inc. (NYSE: EHAB) is continuing to mull over a potential sale, with executives providing few details as the company determines its next steps. The Dallas-based home health and hospice company has been digging into a strategic review process since August that could result in a possible sale or merger of some or all of […]
Enhabit Inc. (NYSE: EHAB) must be put up for sale, according to a letter from minority investor AREX Capital Management to the home health and hospice company’s board. AREX owns about 4.7% of Enhabit’s shares. The hedge fund first posited that Enhabit should be sold in a June letter to the board. Enhabit in August […]
After becoming a public entity last year, Enhabit Inc.’s (NYSE: EHAB) M&A journey has narrowed towards hospice, diverting less in home health’s direction. Reimbursement uncertainties, shrinking pools of available assets, and rising valuations in the home health space are forces steering the company’s sights towards hospice, according to Enhabit executives. Large-scale consolidation in both home […]
Hospice of the Panhandle Promotes New CEO from Within West Virginia-based Hospice of the Panhandle has appointed Chief Clinical Officer Nikki Bigiarelli as its new CEO. Bigiarelli will work alongside its current CEO Margaret Cogswell before she retires on June 1, 2023. Cogswell has led the organization for the past 36 years. As Bigiarelli takes […]
Workforce improvement is at the crux of Enhabit, Inc.’s (NYSE: EHAB) hospice growth plans. Seeing recent clinical staffing gains, the company’s recruitment priorities include reinforcing its sales team to draw more referrals. Labor has been a big “swing factor” in Enhabit’s ability to sustain and grow its services, particularly on the hospice side, CEO Barbara […]
Gentiva’s recent $710 million acquisition of ProMedica’s hospice and home-based care assets bucks prevailing trends in today’s M&A market. Transaction volume dipped during 2022, specifically when it came to large platform deals by private equity firms. Many in the space expect smaller deals to become more prevalent during the first half of 2023, particularly in […]
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