Q2 2024 Home Health Update
Q2 2024 Home Health Update
The home health and hospice sector is currently experiencing a trend of asset carve-outs from larger strategic and public operators. Notable examples include: (1) Addus HomeCare’s acquisition of Gentiva’s personal care assets, (2) HCS Girling’s purchase of Addus’ New York personal care business, and (3) VitalCaring’s acquisition of several Amedisys locations. These structural changes reflect a shift in each operator’s focus toward core competencies, aiming to enhance care quality while divesting non-core or underperforming assets.
Additionally, the U.S. Centers for Medicare & Medicaid Services (CMS) has released its proposed rule for fiscal year 2025, which includes a 4% cut to home health Medicare payments. Investors are closely monitoring these proposals, and Provident anticipates home health M&A activity to remain suppressed until the full impact is known.
To print and download the full Home Health Update report, please click below…
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