Almost Family Inc. Becomes Third Largest Home Health Operator

The Home Health Care & Hospice sector just announced its 47th acquisition of 2016, and with about two months to go, it is likely that this sector will surpass last year’s total of 51 acquisitions. On October 17, 2016, Almost Family, Inc. (NASDAQ: AFAM), a provider of home health nursing, rehabilitation and personal care services in more than 250 locations, announced its acquisition of Community Health Systems’ (NYSE: CYH) home health division. CHS’s home health business serves just about half of its hospitals, allowing the opportunity for growth into several more hospital markets. This purchase makes Almost Family the third largest operator in the industry. CHS is selling the... Read More »

Almost Family Adds to its In-Home Assessment Segment

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... Read More »