I recently wrote about the senior living implications of Option Care’s planned acquisition of home health giant Amedisys (Nasdaq: AMED). The situation became even more interesting last week, with UnitedHealth Group’s Optum arm making an all-cash play for Amedisys.This news makes it more evident than ever that senior living providers must have business strategies that […]
CVS
The big health care headline in the last week was CVS’ purchase of Oak Street Health for about $10.6 billion. Also last week, Humana announced a five-year agreement with ChenMed — a company similar to Oak Street — to provide “senior-focused concierge care” to Humana’s Medicare Advantage members. Senior living providers have observed the reinvention […]
Pharmacy and retail giant CVS Health (NYSE: CVS) is exploring buying value-based health care provider Oak Street Health (NYSE: OSH) in a deal that could be valued at more than $10 billion. That is according to a report published in Bloomberg, which noted that a transaction is not a certainty. If Oak Street changes hands, […]
Hartford, Connecticut-based insurance provider Aetna (NYSE: AET) and Apple (NYSE: AAPL) announced the two companies have partnered on a wellness app, Attain. The app, which Aetna and Apple have been working on for three years, is expected to launch this spring and will be available to up to 300,000 subscribers initially, according to CNBC, before […]
Long-term care pharmacy PharMerica intends to merge with BrightSpring Health Services, a large provider of home- and community-based care. The two companies will be under the private equity ownership of KKR, with an affiliate of Walgreens Boots Alliance (Nasdaq: WBA) holding a minority stake, according to an announcement issued Tuesday. Full financial terms of the transaction […]
Pharmacy giant CVS Health (NYSE: CVS) recently announced an aggressive push to serve assisted living providers through its Omnicare arm. But CVS is competing with specialized pharmacies serving the senior living sector—and this could be good news for senior living providers, as it could spur more innovative pharmacy distribution and management practices. Some assisted living providers, such […]
Senior living professionals have reasons to be excited as they turn the calendar to 2018, even in the midst of ongoing occupancy pressure and potential disruption from recent health care mega-deals. Perhaps most fundamentally, the passage of another year brings the long-anticipated baby boomer age wave that much closer. Yet, most boomers are still a […]
Omnicare Inc. (NYSE: OCR), the nation’s largest long-term care pharmacy provider, will be acquired by CVS Health Corp., Bloomberg News first reported Wednesday. The deal was confirmed early Thursday and will net an enterprise value for Omnicare of $12.7 billion, including $2.3 billion in debt. Omnicare has 13,000 employees at 160 locations in 47 states across the […]