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Tag: Headed

Home Health Buyers, Sellers Headed Toward Frenzied Finish to M&A in 2020

October 13, 2020
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| Better Health

Charter Health Care Group — a PE-backed post-acute care platform company with multiple locations across five states — announced Tuesday the acquisitions of both Vitality Home Healthcare and Heartwood Home Health & Hospice.

The news comes less than two weeks after Bridges Health Services similarly announced a series of transactions at the start of October. It likewise comes after The Pennant Group Inc. (Nasdaq: PNTG) closing on a new joint venture and making its own hospice acquisition.

While none of these deals are directly related, they signal a recent rekindling of the M&A fire across the home health and hospice spaces. Dealmaking experts are starting to notice, too, with some expecting a frenzied final few months of 2020.

“I was discussing this with my partner,” Rich Tinsley, president of M&A advisory firm Stoneridge Partners, said during last month’s Home Health Care News FUTURE event. “I’m expecting the end of this

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Rapid Coronavirus Test Kits Are Headed For Washington

October 2, 2020
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| Health

OLYMPIA, WA — The Washington State Department of Health expects a federal shipment of nearly 150,000 rapid coronavirus testing kits will arrive within five to 10 days, officials announced late Wednesday. By November, the state anticipates it will have received 2.3 million kits.

Right now, the Abbott BinaxNOW antigen tests are approved only for people exhibiting symptoms, but the state may later extend their use to include anyone who is exposed to a confirmed case. According to DOH, the tests are typically less accurate than standard molecular tests, and their effectiveness for people without symptoms has not undergone rigorous study. Interpreting the results can also be complex.

According to the Abbott website, the test involves taking a nasal swab and inserting it into a test card. Within minutes, results are available and can be stored on an optional app, which generates a new QR code for each test result.

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