ABHOW to spin off affordable senior housing division

LOS ANGELES: Nonprofit senior housing and health care provider American Baptist Homes of the West (ABHOW) is expanding its affordable housing footprint through the reorganization of its affordable housing division as Beacon Communities.

A subsidiary company wholly owned by ABHOW, Read More »

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Zacks Lowers Addus Homecare to Neutral

SAN ANTONIO: Zacks cut shares of Addus Homecare (NASDAQ:ADUS) from an outperform rating to a neutral rating in a research report sent to investors. The firm currently has $26.10 price target on the stock.

Addus Homecare has a 52-week low of $17.02 and a 52-week Read More »

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Judge issues temporary stay of DOL home care rule

WASHINGTON, D.C.: A federal judge has issued a temporary stay on Department of Labor regulations meant to expand minimum wage and overtime pay to home health care workers.

The rule, which was set to take effect Jan. 1, would have required all employers of home Read More »

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Medical tourism to drive healthcare stock growth says analyst

NEW YORK: Asia is positioning itself to grow at the expense of the West via medical tourism.

Asia benefits from a “perfect storm of an aging global population, rising affluence and greater choice in quality hospitals,” said Josef Woodman, CEO of Patients Beyond Borders. Read More »

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