Americans want to spend their golden years at home. New technology, home- and personal-care services and home modifications are making that possible.
It should come as no surprise that people want to spend as much of their golden years as possible in their own homes. These days, companies are stepping up to help make that a reality. Baby boomers are either in or nearing retirement, and their impact on the economy is significant. The generation, born from 1946 to 1964, began turning 65 years old in 2011, and by 2030, they will all be older than 65, according to the U.S. Census Bureau .
mountain Addus Homecare's one-year performance Raymond James has an outperform rating on the stock and a price target of $125, which implies about 17% upside from Thursday's close. Both are in-line with the averages on FactSet. About 25% of the people Addus Homecare pays to care for the beneficiaries are their own family members, he said.
mountain Amedisys' one-year performance CVS Health also wants to expand into home health and announced in September it will buy Signify Health , which offers patient care through virtual and in-person visits. CVS is also the parent of Aetna, which is a Medicare Advantage plan provider. The company has an average analyst rating of buy and has 30% upside to the average price target, per FactSet.
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