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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.

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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.

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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.

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VITAS Closes $85M Covenant Health Transaction

Hospice News

The company has provided hospice, palliative care, home health and personal care for more than 36 years. This is VITAS’ first deal in several years, largely due to record-high valuations in the space, Westfall told Hospice News in 2020. The company’s net revenue reached $350 million in the fourth quarter of 2023, a 13.6%

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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%

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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.

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BrightSpring Refiles to Go Public, Zeros in on $1 Billion Goal

Hospice News

The Louisville, Kentucky-based company focuses on serving patient populations with complex and specialized care needs across the continuum of care and also offers pharmaceutical and diagnostic services through subsidiaries such as Adoration Health LLC, Pharmacy Alternatives LLC and more. million in September that same year.

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