Home health care is still a hot sector going into 2016, as more health care providers and investors stay on the hunt for quality targets that provide low-cost care to post-acute patients. Almost Family, Inc. (NASDAQ: AFAM) kicked off the year with its acquisition of Long Term Solutions, Inc., which provides in-home nursing assessments for the long-term care insurance industry. The $37 million price includes $20 million in cash, a $6 million note payable, plus $11 million of AFAM common stock.
LTS will join Ingenios Health Co., acquired in July 2015 for approximately $13.3 million, in AFAM’s rapidly developing Health Care Innovations Segment. Ingenios Health’s technology enables in-home and in-facility health-risk assessments for Medicare Advantage, Managed Medicaid and Commercial Exchange lives in seven states and Washington, D.C.
Even as it adds to its patient assessment side, the company said it continues to “aggressively” pursue quality acquisitions of in-home health care service providers. Given the competition from Amedysis (NASDAQ: AMED), HealthSouth (NYSE: HLS), LHC Group (NASDAQ: LHCG) and Kindred (NYSE: KND), to name a few, this sector will have another busy year.
