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Almost Family Inc (AFAM)

  • Wed, Aug. 26, 11:42 AM
    • Home healthcare company Amedisys (NASDAQ:AMED) has significantly amped up its acquisition ambitions, putting together a lengthy list of possible targets as it looks to consolidate a fragmented industry.
    • New CEO Paul Kusserow says the company is looking at more than 200 candidates for outright M&A as well as joint ventures and partnerships: "We have a lot of firepower, a lot of powder, to go out and buy things on a large scale."
    • That's up from 15 prospects in its deal pipeline just six months ago.
    • Changes to how the government pays for home healthcare for Medicare patients stands to benefit Amedisys, as weaker performers are driven out, Kusserow says: "There is going to be tremendous consolidation in this industry if these things come close to fruition."
    • Amedisys is one of the larger players in the sector, along with Kindred Healthcare (NYSE:KND), Almost Family (NASDAQ:AFAM) and LHC Group (NASDAQ:LHCG).
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Company Description
Almost Family Inc is a provider of home health services. Its services include rehabilitation services such as physical therapy occupational therapy and speech therapy. It also provides specialty programs and senior care advocacy.
Sector: Healthcare
Country: United States