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Hospice M&A Takes Downturn in Early 2023, May Rebound in Second Half of the Year

Hospice News

One contributing factor is that — following a glut of activity in 2021 and 2022 — fewer quality hospices are left on the market, the Mertz Taggart report indicated. “To The current state of hospice M&A The downward trend started to emerge in late 2022, when deal volumes and valuations dipped from the record highs of the preceding years.

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M&A Volume May Shift From Hospice to Home Health

Hospice News

Transaction volume declined in the hospice and home-based care space in 2023, following the two record-breaking prior years. Only three hospice deals took place in the third quarter of this year compared to 11 in Q3 2022 and 18 in the same period in 2021, according to The Braff Group. But additional data point to a resurgence.

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Enhabit Fortifies Hospice Sales Workforce as Capacity Improves

Hospice News

Enhabit operates roughly 100 hospice locations and around 252 home health locations in 34 states. The close of Q3 in 2022 marked Enhabit’s first quarter as an independent company following its spinoff from Encompass Health (NYSE: EHC) in July. This fit a pattern that extended throughout 2022.

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High-Acuity Services Driving Admissions Growth at Amedisys

Hospice News

Combined, hospital-at-home and skilled nursing facility-at-home admissions grew by 55% year-over-year during the second quarter of the year. This is compared to a 4% increase in home health same-store admissions and a 6% decline for its hospice segment. million in Q2 2022. million the prior year.

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

Hospice News

Hospice multiples broke records in 2020, 2021 and 2022, reaching as high as 29x. Potential shifts in home health reimbursement are also driving the company’s M&A decisions, Poff stated during an earnings call earlier this year. Addus’ home health segment brought in $12.49 of its bottom line at $190.03

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Enhabit Sees Hospice Workforce Constraints Ease, Admissions Decline

Hospice News

The company hired 101 full-time nurses during the first quarter, including 91 in home health and 10 in hospice. We ended the quarter with only four hospice locations at capacity constraints and 71 in home health.” The company emerged from the 2021 spinoff of Encompass Health’s (NYSE: EHC) home health and hospice segment.

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Aveanna Healthcare’s ‘Strong, Disciplined’ Hospice Growth

Hospice News

Our disciplined approach to home health is fundamentally rooted in the fact that we understand we cannot chase low margin business and try to make it up with volume in home health.” The company’s home health and hospice service line brought in $52.98 compared to Q3 in 2022. million, a 6.3%

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