- Business
- Almost Family Inc. (NASDAQ: AFAM) provides home healthcare services, including Medicare-certified skilled nursing, physical, occupational and speech therapy; personal care services such as medication management, meal preparation, homemaking and caregiver respite; and healthcare innovations encompassing technology, population health management, risk-sharing, care coordination, clinical advancements and patient engagement tools. The company operates through visiting services, personal care and healthcare innovations segments, serving patients primarily in Florida, Ohio, Tennessee, New York, Kentucky, Connecticut, New Jersey, Massachusetts, Indiana, Illinois, Pennsylvania, Georgia, Missouri, Mississippi and Alabama, with approximately 330 branch locations across 26 states. Founded in 1976 and headquartered in Louisville, Kentucky, Almost Family targets Medicare beneficiaries, long-term care insurance clients and private pay customers seeking alternatives to institutional care. In April 2018, the company completed a merger of equals with LHC Group Inc. in an all-stock transaction valued at approximately $850 million, creating the second-largest U.S. in-home healthcare provider with expanded operations in 36 states, enhanced hospice and personal care offerings, and projected $25 million in annual cost synergies; post-merger, Almost Family operates as part of the combined entity, which was acquired by Optum (a UnitedHealth Group subsidiary) in February 2023 for $5.4 billion to bolster value-based home care capabilities.