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NEWS2019-08-12T19:16:29-04:00

INDUSTRY NEWS

St. Croix Hospice Acquires Hometown Hospice & Homecare

August 15th, 2019|

ST. PAUL, Minn., Aug. 15, 2019 /PRNewswire/ -- St. Croix Hospice (the "Company" or "St. Croix"), a leading Midwestern hospice provider, is pleased to announce the acquisition of Hometown Hospice & Homecare ("Hometown"). Hometown, headquartered in Brookfield, Wisconsin, provides hospice and home care to its valued patients through three locations strategically located across eastern Wisconsin.

Behavioral Health Composite – July 2019

August 15th, 2019|

Behavioral Health Composite July, 2019 Behavioral Healthcare Stocks up 6.1% in July The Behavioral Health Composite, which tracks investor interest in the three public behavioral healthcare companies – Acadia Healthcare (ACHC), American Addiction Centers (AAC), and Universal Health Services (UHS) –was up 6.1% for the month of June. The [...]

Addus HomeCare Announces Second-Quarter 2019 Financial Results And Completion Of Two Acquisitions

August 5th, 2019|

On August 1, Addus acquired Alliance Home Health Care, LLC, and its affiliate, House Calls of New Mexico, LLC, each located in New Mexico. The companies have combined annual revenues of approximately $19.0 million, with 60% of those revenues derived from hospice care and 20% from each of personal care and home health care services. With locations strategically placed across New Mexico, these additions will expand the Company's service area in the state and provide additional market coverage.

Formation and Safanad Sell RHA Health Services to Blue Wolf

August 5th, 2019|

ATLANTA and NEW YORK, Aug. 5, 2019 /PRNewswire/ -- Formation Capital ("Formation") and Safanad Limited ("Safanad") announce the sale of the parent company of RHA Health Services, LLC ("RHA"), the comprehensive provider of services to individuals with intellectual and developmental disabilities ("I/DD"), behavioral health needs and substance use challenges to an affiliate of Blue Wolf Capital.

Kadiant Partners with Behavioral Education for Children with Autism

August 5th, 2019|

OAKLAND, Calif.--(BUSINESS WIRE)--Kadiant, a mission-driven organization that provides high-quality Applied Behavior Analysis (ABA) therapy and related services to individuals diagnosed with autism spectrum disorder (ASD), announced today it has partnered with Behavioral Education for Children with Autism (BECA), a pioneer provider of ABA services in centers and school-based settings. Terms of the partnership were not disclosed.

LHC Group finalizes joint venture and acquisition transactions in Missouri, Alabama, and Ohio

August 1st, 2019|

LAFAYETTE, La., Aug. 01, 2019 (GLOBE NEWSWIRE) -- LHC Group, Inc. (NASDAQ: LHCG) announced today that it has finalized a joint venture (JV) expansion agreement in Missouri, formed a new JV partnership in Alabama, and purchased the assets of two home and community-based services (HCBS) locations in Ohio – all effective August 1. In Missouri, current JV partners LHC Group and Capital Region Medical Center (CRMC) have completed the previously announced purchase from SSM Health of the assets of one home health agency and one hospice agency in Mexico, Mo., and one home health agency in Jefferson City, Mo. The three providers will change names and operate as Central Missouri Home Health and Central Missouri Hospice, respectively.

The Ensign Group Acquires Arizona Hospice Agency

August 1st, 2019|

SAN JUAN CAPISTRANO, Calif., Aug. 01, 2019 (GLOBE NEWSWIRE) -- The Ensign Group, Inc. (NASDAQ: ENSG), the parent company of the Ensign™ group of skilled nursing, rehabilitative care services, home health care, hospice care, medical transportation, and assisted living companies, announced today that a subsidiary of Cornerstone Healthcare, Inc., Ensign’s home health and hospice portfolio subsidiary, had acquired the assets of Agape Hospice and Palliative Care, which provides hospice services out of a home office in Tucson, Arizona. The acquisition was effective August 1, 2019, and will become part of The Pennant Group, Inc., on upon the completion of the previously-announced spin-off.

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