article thumbnail

How Home Health, Personal Care Reimbursement Guiding Addus’ M&A Strategy

Hospice News

Addus has indicated for roughly the last year that it will orient its M&A strategy towards its home health and personal care services, with hospice becoming less of a priority. Addus provides hospice, home health and personal care to an estimated 47,500 patients annually across 203 locations in 22 states.

article thumbnail

4 Important Predictions for Home Care in 2020

AlayaCare

We forecasted increasingly blurred lines between clinical care and personal care. And we foresaw that virtual care and remote monitoring, which long seemed to be just out of reach in the future, would finally start to be considered an important element of servicing home health care. In the U.S.,

2020 100
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

New Day Healthcare Acquires Compassion Hospice

Hospice News

The company’s nearly 6,500 employees serve close to 100,000 patients annually across all of its business lines, including home health, hospice, pediatrics, clinical decision support and personal care. ” This was New Day’s ninth acquisition since the company was established in 2020.

article thumbnail

Family Resource Home Care Expands with Companion Care Acquisition

Hospice News

Washington-headquartered Family Resource Home Care recently acquired personal care provider Companion Care, Inc., Family Resource provides end-of-life, respite and personal care, along with services such as medication management, meal preparation, housekeeping, companionship and dementia support.

article thumbnail

High Price Tags Pushing Addus Away from Hospice Acquisitions

Hospice News

High valuations have led Addus HomeCare (NASDAQ: ADUS) to pivot towards personal care and home health deals rather than hospice acquisitions. Hospice multiples broke records in 2020, 2021 and 2022, reaching as high as 29x. Addus began as a personal care provider in 1979. This is down from 51.6%

Hospice 218
article thumbnail

Steward Health Exec to Replace Stephan Rodgers as AccentCare’s CEO

Hospice News

A major achievement during Rodgers’ tenure at the Dallas-based hospice, home health and palliative care provider was the company’s 2020 merger with Illinois-based Seasons Hospice & Palliative. The company operates more than 260 locations in 31 states, caring for 210,000 patients and families annually.

2012 270
article thumbnail

VITAS’ Acquisition Pipeline Likely Growing

Hospice News

This was VITAS’ first deal in several years, largely due to record-high valuations in the space, Chairman and CEO Nick Westfall told Hospice News in 2020. d/b/a/ Covenant Care, provides hospice across six cities in the panhandle and northwest region of Florida and in three markets across southeast Alabama.