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Articles by Addus Steadfast
Pennant Focuses on Recent Additions During ‘Uncharacteristically Quiet’ M&A Season
Like its industry peers, The Pennant Group Inc. (Nasdaq: PNTG) has had to navigate COVID-19 related business disruptions as well as other headwinds, some of which even prompted the company to start looking under its own hood for answers. Now, operating with the view that COVID and many of its impacts have become endemic, the company has a stronger sense of what’s in store for 2022.
Encompass Health Still Not Ruling Out Sale of Home Health and Hospice Segment
Some interesting news came across the wire Monday afternoon as Encompass Health Corporation (NYSE: EHC) provided an update on the separation of its home health and hospice business. Encompass Health had said in the past that it planned to spin off the segment into its own publicly traded company: Enhabit Home Health & Hospice. While that still seems to be the plan, it appears it’s a more tentative one than previously thought.
‘When Is Too Much, Too Much?’: Home Care Costs Continue to Increase
In order to keep pace with the labor market, as well as other contributing factors, home care providers across the country have had to increase the cost of their services. Those providers have also begun to wonder when — or if — those rising costs may start to affect client demand. Sign up for HHCN + to read this exclusive content. Individual Membership $400 per year Purchase Group 2–5 members $380 per year* Purchase Need more than 5 members? for more information. * per member Already a member?
Addus Steadfast on Growing Home Health Segment, Hit Hard By Labor Pressures
Addus HomeCare Corporation (Nasdaq: ADUS) is the latest publicly traded home-based care company to disclose just how hard it was hit by workforce-related issues during the Omicron surge. LHC Group Inc. (Nasdaq: LHCG) executives revealed Thursday that cost constraints due to labor issues cost the company approximately 2,500 admissions and a loss of $13.8 million in revenue in the fourth quarter.
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