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Addus HomeCare Corporation’s (NASDAQ: ADUS) is shifting its M&A strategy away from hospice deals to focus on its homehealth and personal care businesses. Texas-based Addus provides personal, homehealth and hospice care across 207 locations in 22 states, reaching roughly 46,500 patients annually.
Deal volume for non-medical home care companies outstripped that for hospice or homehealth during the first half of the year. As of the end of Q2, this included 23 deals compared to 17 each for Medicare-certified homehealth and for hospice, according to a report by M&A advisory firm Mertz Taggart.
Addus HomeCare Corporation (NASDAQ: ADUS) has acquired Chicago-based Apple Home Healthcare, Ltd., The state is one of three in which Addus offers its trifecta of business lines — personal care, homehealth and hospice. The previous year Addus bought Chicago-based Summit HomeHealth for an undisclosed amount.
As Addus HomeCare Corporation (NASDAQ: ADUS) sinks teeth into acquisitions, the company will be taking smaller bites when it comes to hospice deals. Addus has indicated for roughly the last year that it will orient its M&A strategy towards its homehealth and personal care services, with hospice becoming less of a priority.
Disruption in homehealth reimbursement has an influence on the hospice mergers and acquisitions market, particularly among the rising number of companies offering both services. NASDAQ: AMED), and Addus Homecare (NASDAQ: ADUS) indicated that they would prioritize homehealth deals this year.
The pendulum of investor interest has swung hard into the hospice market in recent years, but shifts in reimbursement could steer buyers towards homehealth. Uncertainty earlier this year around Medicare’s proposed 2023 homehealth payment rates led some stakeholders to expect a swerve towards hospice.
Humana’s two Kindred at Home transactions added notches to the company’s belt as it expands its value-based care portfolio as both a provider and payer. The divestiture fits into Humana’s stated goal of raising its enterprise value by $1 billion , while building out its health care services and Medicare Advantage business.
The Future Leaders Awards program is brought to you in partnership with Homecare Homebase. The program is designed to recognize up-and-coming industry members who are shaping the next decade of homehealth, hospice care, senior housing, skilled nursing, and behavioral health.
The Future Leaders Awards program is brought to you in partnership with Homecare Homebase. The program is designed to recognize up-and-coming industry members who are shaping the next decade of homehealth, hospice care, senior housing, skilled nursing, and behavioral health. I would say “evolving.”
The Shift from Traditional Medicare to Medicare Advantage Industry insiders believe that in 2024, there will be a noticeable shift towards Medicare Advantage (MA) over traditional Medicare. This shift is driven by a growing emphasis on using data and analytics to demonstrate the benefits of homehealth care.
So it’s funny, like explaining what Oasis E is to someone who doesn’t understand homehealth gets really tricky, but in just making notes, like for this podcast, I kind of keyed the term, the data document. And if you work in homehealth, you know, that book backwards and forwards. That’s a lot of pages.
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