Insurance giant Humana (NYSE: HUM) will pay approximately $5.7 billion to take full ownership of the nation’s largest home health provider, Kindred at Home. The transaction values Kindred at Home at $8.1 billion; Humana holds an existing equity value of $2.4 billion — a 40% stake — through a deal executed in 2017 with private […]
Category: Home Healthcare
Senior living executives routinely tell me that the sector’s biggest competitive threat is at-home care, which enables older adults to avoid moves into communal settings. If that’s true, senior living leaders should be quaking. While they strive to regain their financial and operational footing, capital is pouring into the at-home care space. In just the […]
Long-established Beehive, home care mainstay BrightStar and newcomer Majestic offer different franchise models It isn’t a boom yet, but interest in franchise ownership of senior living properties has grown recently, and this model shows signs of becoming more prevalent as baby boomer demand gains strength in the coming years. Franchise-based senior living already was gaining […]
Home care entrepreneur and former leader of the Center for Medicare and Medicaid Innovation (CMMI) Adam Boehler is launching a new firm, and senior living is believed to be in its sights. The Landmark Health founder, who most recently led the International Defense Financing Corporation (DFC), on Thursday announced the launch of Rubicon Founders, a […]
InnovAge (Nasdaq: INNV), which serves about 6,600 older adults through the Program of All-Inclusive Care for the Elderly (PACE), executed a $350 million initial public offering (IPO) on March 4. The Denver-based company is the largest PACE provider in the United States and has taken an out-of-the-box approach to the program through moves such as […]
Amazon Care and St. Louis-based health system Ascension are helping to launch a new home-based care policy alliance with at least five other health care and home-based care companies. The alliance, called Moving Health Home, has a stated goal of “working to change federal and state policy to enable the home to be a clinical […]
Brookdale Senior Living (NYSE: BKD) residents are getting their Covid-19 vaccines in droves — and the company’s leaders are hopeful that will push occupancy trends positive in 2021. Brookdale’s executives also are touting potential senior living-related benefits of the company’s just-announced deal to sell an 80% stake in its home health, hospice and outpatient therapy […]
Brookdale Senior Living (NYSE: BKD) has agreed to sell a majority stake in its home health, hospice and outpatient therapy service line. The Brentwood, Tennessee-based operator on Wednesday announced it entered into a partnership to sell an 80% stake in Brookdale Health Care Services (BHS) to Nashville-based health system HCA Healthcare for $400 million. Brookdale […]
Faced with ongoing financial pressures exacerbated by Covid-19, Brookdale Senior Living (NYSE: BKD) reportedly is considering divesting its home health and hospice segments in order to shore up its liquidity. The Brentwood, Tennessee-based senior living provider is in early discussions about a possible sale, and is being provided with sell-side advice from Bank of America, […]
A partnership with tech-forward home care startup Honor has enabled senior living nonprofit Eskaton to boost revenue and smoothed the organization’s expansion into new markets. But the partnership did not get off to an auspicious start. Sacramento, California-based Eskaton completed its transition to the Honor platform in Dec. 2018, and issues emerged soon after. “By […]
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