Insights | Meridian Research Group | Page 11

Mergers & Acquisitions

James Hardie/AZEK

Per the terms of the Merger Agreement (MA), the companies are set to file HSR by April 28, 2025.

Medicare Inpatient Psychiatric Facility (IPF) Reimbursement

As part of the FY26 IPF proposed rule, CMS is proposing to increase IRF payments by 2.4% ($70m) relative to FY25.

Medicare Inpatient Rehabilitation Facility (IRF) Reimbursement

As part of the FY26 IRF proposed rule, CMS is proposing to increase IRF payments by 2.6% ($295m) relative to FY25.

Medicare Hospice Reimbursement

As part of the FY26 hospice proposed rule, CMS is proposing to increase hospice payments by 2.4% ($695m) relative to FY25 levels and set the annual per beneficiary payment cap at $35,292.51 (increased from $34,465.34 in FY25).

Medicare Skilled Nursing Facility (SNF) Reimbursement

As part of the FY26 SNF proposed rule, CMS is proposing to increase SNF payments by 2.8% ($1b) relative to FY25.

Medicare Inpatient Hospital (IPPS) Reimbursement

As part of the FY26 IPPS proposed rule, CMS is proposing to increase inpatient hospital payments by 2.4% ($4b) relative to FY25.