Earlier this week Linden Capital Partners announced the sale of Hummelstown, PA-based Drayer Physical Therapy Institute to affiliates of GS Capital Partners. Why is that significant? “GS” stands for Goldman Sachs. Yes, the private equity arm of Goldman Sachs, one of the most prestigious private equity groups in the world, is now investing in the rehabilitation industry. Congratulations to Drayer Physical Therapy on this monumental deal! Why Does This Deal Matter? Over the last … [Read more...]
ACOs: More Questions Than Answers
September 29, 2011 By Leave a Comment
I just came across a new survey by an independent firm to assess healthcare organizations’ (mostly hospitals) understanding and preparation for the development of Accountable Care Organizations (ACO.) The respondents were 200+ CEOs, COOs, CFO, CIO and other “C” types. Very, very smart people. Guess what? They don’t have it figured out either. This particular survey had quite a bit of contradictory data. Although 90% of the respondents said they were in the ACO planning or … [Read more...]
Kindred-RehabCare Merger–What Does This Mean To You?
February 8, 2011 By Leave a Comment
Today Kindred Healthcare Inc. announced plans to purchase RehabCare Group Inc. in a $1.3 billion deal that will create the largest provider of rehabilitation services in the U.S. The merger is expected to close around June 30. Both Kindred and RehabCare are very strong companies on their own. They both provide post-acute care services in hospitals, rehabilitation facilities and skilled nursing facilities in most states. Beyond expanding in size and scale (the new combined company will … [Read more...]
Capital Gains Increase: Deadline Quickly Approaching
June 24, 2010 By Leave a Comment
As you are planning your short and long term strategy for you and your business, there is a change coming not too far down the road that you should know about. President Obama has publicly stated that he will let the Bush era tax program expire, and we will see an increase in capital gains from 15% to 20% as of January 11, 2011. As you know, the sale of a business (in most cases) triggers a capital gains tax on your "gain" from a sale. Depending upon your corporate structure (C-Corp, … [Read more...]
M&A Activity on Upward Swing Says M&A Source Conference
June 17, 2010 By Leave a Comment
I am between sessions at the M&A Source Spring Conference in Orlando FL and wanted to share some good information with you. (The M&A Source was established in 1991 to address the professional issues of merger and acquisition professionals. This organization currently has more than 250 cooperative intermediaries across the world.) The overall sentiment here is that the last two years for healthcare M&A have been the worst two years of the past ten, but activity and interest has … [Read more...]
News out of NARA Spring 2010
June 5, 2010 By
I attended the National Association of Rehabilitation Agencies (NARA Spring 2010 Conference in Washington, DC on May 19-21. The meeting focused on how the Patient Protection and Affordable Care Act (PPACA) will impact the rehabilitation industry--both contract services and outpatient. In addition, Mark Anderson was able to give attendees some good information before the Capitol Hill meeting with key senators to discuss the current issues impacting the rehabilitation industry. Some of the … [Read more...]
