Our weekly list of news, reports, and information about home health and hospice care. Learn about new studies, trends, CMS regulations and more.
Brookdale Senior Living Inc. (NYSE: BKD) ("Brookdale" or the "Company") today announced that CEO Lucinda (Cindy) Baier has been named to the Nashville Business Journal's 2019 list of Most Admired CEOs. In the annual "Most Admired CEOs and Their Companies" awards program, Baier was selected for this honor in the Public Companies category. "I am honored to receive this recognition, which reflects the dedication of Brookdale's 60,000 associates," said Baier. "Brookdale is committed to enriching the lives of those we serve and earning the trust of our residents, patients, and their families by providing valued high quality care and personalized service. Our teams do extraordinary work every day and we are making a difference, one relationship at a time."
Home Healthcare Market Expected to Reach USD 469.3 billion by 2025 – GE, Omron, Mckesson, Roche, A&D, Bayada Home, Philips, Abbott, Amedisys, Kindred
Global home healthcare market is valued at USD 239 billion in 2017 and is anticipated to grow with a healthy growth rate of more than 8.80 % over the forecast period 2018-2025. Major trend for the global home healthcare market is increasing prevalence of chronic diseases. Since, homecare for health offers personal care of chronic infectious and is very common and comfortable for the aging population. As a result, the adoption of home care would increase thereby, aiding the growth of the market across the forecast period. Increasing geriatric population is considered as a key driver for the global home healthcare market across the globe. Since elderly people prefer home healthcare as they are unable to travel to hospitals and clinics hence all the needed medication facilities are preferred at their homes.
Today we are going to look at Amedisys, Inc. (NASDAQ:AMED) to see whether it might be an attractive investment prospect. In particular, we’ll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. First up, we’ll look at what ROCE is and how we calculate it. Second, we’ll look at its ROCE compared to similar companies. Then we’ll determine how its current liabilities are affecting its ROCE.
LHC Group, Inc. (NASDAQ: LHCG) announced today that it has finalized a new joint venture (JV) agreement with Norton Healthcare in Louisville, Ky., effective Sept. 1. The two organizations will share ownership of Caregivers Health Network, a home health provider serving patients and families in Louisville and the region with high-quality affordable healthcare services in the privacy and comfort of their home. Under the terms of the agreement, Norton Healthcare will purchase a minority interest in the agency, which will be renamed Norton Home Health. Moving forward, the agency will be integrated in accordance with LHC Group’s current JV processes and procedures.