Happy Monday, treasured Home Health Care News readers. Get a jump-start on your week ahead by getting caught up on headlines that caught our eye, and review our top stories from last week.
At top of mind for many in the industry is the latest on the acquisition of Kindred Health at Home (NYSE: KND) by Humana (NYSE: HUM), which hit a snag earlier this month when a major shareholder, Brigade Capital, filed a lawsuit to block the deal. On Thursday, March 15, all but one of the claims were denied in court, Kindred announced, allowing “certain limited and targeted discovery to proceed.”
Additionally, a health care technology platform has raised $5.5 million to expand nationwide. Parachute Health, based in New York, helps enable patients to receive medical equipment and services they need, such as oxygen tanks, hospital beds, walkers and wheelchairs.
Last week, our top story was on a topic that never seems to die in the home health care sector—fraud. In the case of HCR ManorCare, the U.S. government declined to intervene in a False Claims Act (FCA) case brought against the provider’s hospice division, Heartland.
We also continued our coverage of the National Leadership Conference, with exciting new research from Excel Health that revealed home health care helps slash Medicare prices and readmissions.
Written by Amy Baxter