Home Health Care News June 12, 2024
On Monday, Addus HomeCare Corp. (Nasdaq: ADUS) announced what would be the biggest transaction of 2024 thus far. Its $350 million deal for Gentiva’s personal care business could reflect a tide change in the recently slow home-based care M&A market. It’s also reflective of Addus’ impressive ability to deliver on its strategic vision.
Though the Medicaid Access Rule was recently finalized – including the 80/20 provision – personal care is still insulated from the larger stroke-of-the-pen risks that exist in Medicare-certified home health care.
Perhaps it’s unsurprising, then, that the largest transactions in 2024 have been in personal care. Waud Capital acquired the home care franchise Senior Helpers for an undisclosed sum earlier this year. HouseWorks acquired AccordCare’s personal care...
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