Home Health Agencies See Gains on Stock Market in June

HCAF Associate Member Stoneridge Partners is reporting a 5.6% gain for the home health index (HH Index) for June. The HH Index measures the performance of four publicly traded home health companies, all listed on the NASDAQ — Almost Family (AFAM), LHC Group (LHCG), Gentiva (GTIV) and Amedisys (AMED). This index is updated monthly.

Stoneridge reports that after two straight months of decline, the 5.6% gain by the HH Index means a 24.7% year to date (YTD) gain. There was, however, a wide divergence between the individual companies within the index. Almost Family trailed with only a 0.5% gain while Gentiva led the pack by gaining 23.5%. It is interesting to note however that last month Gentiva trailed the group with a hefty 32% drop. All of these stocks are now up for the  year, with Almost Family leading the pack, up 34.7% YTD. The HH Index now sits at 14.67. The high was set in September 2008 at 41.75.

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