Post-acute providers will reveal this week whether 2013 has continued to be unkind to them. The companies have struggled with weak volume and reimbursement cuts from payment rebasing and sequestration. They have relied on heavy cost-cutting and consolidation to boost their results.
Kindred Healthcare, Louisville, Ky., late last week pushed back its earnings release one day, to Nov. 5. Kindred also said the company would provide an undisclosed update on its “strategic plan and repositioning initiatives” during an earnings call the next day.
The company has been diversifying and in the third quarter created a care-management division that will focus on improving care transitions. The rehabilitation and nursing home operator also acquired a Cleveland-based primary-care physician practice, Western Reserve Senior Care, which practices in home-based settings.
Gentiva Health Services, Atlanta, also reports results Nov. 5. The home health and hospice provider last quarter announced a $409 million deal to acquire Harden Healthcare of Austin, Texas, to bolster its portfolio in the South and Midwest. LHC Group, Lafayette, La., will report its results Nov. 6.
Follow Beth Kutscher on Twitter: @MHbkutscher
