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Meanwhile, Addus HomeCare Corporation (Nasdaq: ADUS) and Gentiva also completed one of the largest deals of the year. Addus earlier this month closed a $350 million acquisition of Gentivas personalcare business. Centers for Medicare & Medicaid Services (CMS) fueled a total of $1.4
In 2022, more than 907,000 Medicare hospice decedents were older than 85, out of 1.7 million total patients, according to the National Alliance for Care at Home. But the most successful hospices in the senior living arena are those who can offer a larger continuum of care, according to Ponder Stansel.
Addus HomeCare Corporation’s (NASDAQ: ADUS) is shifting its M&A strategy away from hospice deals to focus on its home health and personalcare businesses. Texas-based Addus provides personal, home health and hospice care across 207 locations in 22 states, reaching roughly 46,500 patients annually.
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 home health and personalcare services, with hospice becoming less of a priority.
Addus HomeCare Corporation’s (NASDAQ: ADUS) hospice segment is seeing slow but steady improvement as pandemic headwinds ease. Meanwhile, the company’s near-term acquisition sights are set more on home health than in personalcare amid potential payment shifts. Its personalcare services arm reached $190.03
Addus HomeCare Corporations (Nasdaq: ADUS) purchase of Gentivas personalcare segment is bearing fruit as the company drives forward on its acquisition strategy in 2025. Propellants of growth Addus provides home care services to roughly 61,500 individuals across 257 locations in 23 states. million in the Q4 of 2024, a 7.5%
Ohio-based Queen City Hospice, an Addus Homecare (NASDAQ: ADUS) company, recently opened a new location in its home state. Queen City Hospice provides end-of-life care in six counties across the Cincinnati area in the southwest part of the state. Demographics are driving up a need for serious illness and end-of-life care in Ohio.
Strategic priorities for Texas-headquartered Addus HomeCare Corporation (NASDAQ: ADUS) continue to focus on personalcare and home health and less on hospice as the company waits for the dust to settle following its Gentiva personalcare acquisition. Addus offers personalcare, hospice and home health.
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 — personalcare, home health and hospice. Since 2019, Addus has purchased seven personalcare companies and four home health and hospice agencies.
Addus president, COO retires Addus HomeCare Corporation (Nasdaq: ADUS) President and COO Brad Bickham recently announced his retirement, effective March 2026. Texas-headquartered Addus provides personalcare, home health and hospice services in 22 states. The company has an annual census of roughly 200,000 patients.
The National Association for Home Care and Hospice (NAHC) and the National Hospice and Palliative Care Organization (NHPCO) floated the possibility of a combination in March in light of their existing, highly collaborative working relationship. Of those, 922 of those members are providers, an NHPCO spokesperson told Hospice News.
Addus HomeCare Corp. NASDAQ: ADUS) has completed the acquisition of the home health, hospice, and private-duty company Tennessee Quality Care for an undisclosed amount. All told, Addus provides hospice, home health and personalcare to an estimated 47,500 patients annually across 203 locations in 22 states. Census Bureau.
Centers for Medicare & Medicaid Services (CMS) developed new approaches for enforcing hospice regulations that will become effective on Jan. Centers for Medicare & Medicaid Services (CMS) developed new approaches for enforcing hospice regulations that will become effective on Jan. During late 2021 and 2022, the U.S.
The Atlanta-based provider emerged from the former hospice and personalcare segments of Kindred at Home. The Pennant Group acquired five Medicare hospice provider numbers during the past six months, which accelerated growth for its home-based care segment. Addus HomeCare Based on 2023 earnings trends,Addus HomeCare Cop.
Companies like The Pennant Group (NASDAQ: PNTG), Addus HomeCare (NASDAQ: ADUS) and BrightSpring Health Services Inc. The company in December 2023 picked up Arizona-based Southwestern Palliative Care & Hospice after acquiring five Medicare hospice providers in multiple states the prior month. VITAS is not alone.
billion divestiture of a 60% stake in Kindred at Home’s hospice and personalcare segments to the private equity firm Clayton, Dubilier & Rice. 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. This was Humana Inc.’s
Uncertainty earlier this year around Medicare’s proposed 2023 home health payment rates led some stakeholders to expect a swerve towards hospice. Centers for Medicare & Medicaid Services (CMS) in August proposed a 4.2% aggregate cut in the home health base rate, reported Hospice News sister publication Home Health Care News.
Staffing improvements and reimbursement shifts are paving Addus HomeCare’s (NASDAQ: ADUS) growth path this year. That path will divert more toward home health and personalcare – and less in the direction of hospice – as 2023 progresses. Its personalcare services reached $183.4 This represented 20.5%
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 home health, hospice care, senior housing, skilled nursing, and behavioral health. Health care is local.
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 home health care.
High valuations have led Addus HomeCare (NASDAQ: ADUS) to pivot towards personalcare and home health deals rather than hospice acquisitions. Addus began as a personalcare provider in 1979. About six years ago, it began to build its health care services segment, which includes home health and hospice.
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 home health, hospice care, senior housing, skilled nursing and behavioral health. To see this year’s Future Leaders, visit [link].
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