Home Health & Hospice Week
Enhabit Stock Slump Continues After Investment Firm Shareholder Demands Sale
At press time, the stock price of Enhabit Inc. was back in the basement after receiving a letter from shareholders urging a sale. AREX Capital Management and its affiliates, which own nearly 5 percent of Enhabit’s shares, took the chain’s Board of Directors to task for what it describes as communications errors. “This latest debacle has once again proven the already blindingly obvious point that Enhabit must not remain a standalone public company,” AREX blasts in the Oct. 5 letter. “We will act decisively to protect our rights if the Company has not announced a sale by early next year,” the investment firm threatens. The company’s stock hit a 52-week low of $7.65 per share on Oct. 4, and after some minor fluctuation, at press time it was back down to $8.02. That compares to a 52-week high of $16.64.
Home Health & Hospice Week
- Value-Based Purchasing:
Drink In New VBP Data As You Wait For Final Rule Verdict
October IPRs will be out shortly, CMS official confirmed. The day you’ll be paid based [...] - Review Choice Demonstration:
Agencies In Newest RCD State Must Nail Down Review Option Pronto
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OASIS Manual Gets A Facelift
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Hospices Anxiously Await Physician Final Rule For MFT/MHC Decision
Plus: HOPE tool, HIS data migration seem to be bogged down. Hospices hoping for a [...] - Fraud & Abuse:
Leaders Of Massive Miami-Based Home Health Fraud Ring Convicted
Plus: Being senior citizens won’t keep you out of jail for home health fraud. A [...] - Medicaid:
States Continue Hunt For Medicaid Home Health Fraud
In one case, a criminal deposited fraudulent checks after pleading guilty. If you’re wondering why [...] - Hospice:
Hospital-Based Hospice Closures Raise Access Fears
But Washington-state health system breathes new life into one facility. While private equity activity in [...] - Industry Notes:
OIG Beats The Hospital Early Discharge Proration Drum Yet Again
Isn’t 275 DRGs enough to prorate? You could see favorable hospital referrals slow if Medicare [...] - Industry Notes:
HHS AHRQ Wants Your HCBS Scientific Information
Want to improve the HHS Agency for Healthcare Research and Quality’s Evidence Map on Home [...] - Industry Notes:
HCBS Waiver Procedures Could Change Under Recently Proposed Application Revisions
You have until Nov. 13 to comment on another Home and Community Based Services document. [...] - Industry Notes:
Enhabit Stock Slump Continues After Investment Firm Shareholder Demands Sale
At press time, the stock price of Enhabit Inc. was back in the basement after [...]
