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

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 224
professionals

Sign Up for our Newsletter

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

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

Humana CEO Broussard to Step Down in 2024, Succeeded by Envision Healthcare Exec Jim Rechtin

Hospice News

All told, he has more than 22 years of experience with value-based health care and payment models, including Medicare Advantage, according to a Humana press release. Humana is the second-largest operator of Medicare Advantage plans, representing 18% of that market, according to the Kaiser Family Foundation. billion deal.

2024 222
article thumbnail

Fortis Health Acquires Physiocare Home Health and Hospice

Hospice News

Grant Avenue Capital, Fortis’ private equity backer, financed the deal, which is the company’s fourth since its founding in 2020. Fortis Health Fortis Health Rob Radics, CEO, Fortis Health Fortis offers home health, hospice, palliative and personal care services across its footprint. of the state’s overall population by 2050.

Hospice 130
article thumbnail

Choice Health Acquires Private Duty Company Instant Care, Enters Arizona Market

Hospice News

Texas-headquartered Choice Health at Home has entered the personal care space with the acquisition of Instant Care of Arizona for an undisclosed sum. In 2020 the company partnered with the investment firms Trive Capital and Coltala Holdings to widen its reach as a post-acute care company. By 2050, nearly 2.5

2003 229
article thumbnail

Queen City Hospice Expands in Rural Ohio with New Office

Hospice News

Queen City Hospice has been on a growth trajectory since Addus Homecare purchased the provider for $192 million in 2020. Addus has a personal care presence in Ohio, and co-locating its clinical operations with those locations is a key component of its home health and hospice growth strategy, Allison said.

Homecare 228