Hospice News

SEPTEMBER 19, 2022

These businesses accounted for 48% of all home-based care transactions during the first two quarters of 2022, up from 42% during the last half of 2021, according to Mertz Taggart. Addus Homecare (NASDAQ: ADUS), Amedisys, LHC Group (NASDAQ: LHCG) each made statements to that effect early in the year. Hospice market to stay mighty.

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Hospice News

AUGUST 29, 2022

Uncertain about how this new payment system would impact their businesses, a number of strategic buyers shifted their 2020-2021 M&A pipelines towards their hospice segments. “At This disruption contributed to soaring deal volume in the hospice space from 2019 through 2021, which reached record highs.

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Hospice News

MARCH 8, 2023

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. And though last year’s numbers were somewhat skewed by massive deals , price tags remain high overall.

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Hospice News

NOVEMBER 1, 2022

Addus HomeCare Corporation’s (NASDAQ: ADUS) is shifting its M&A strategy away from hospice deals to focus on its home health and personal care businesses. million in the third quarter, a rise of 11% compared to the same period in 2021. Last month it acquired Chicago-based Apple Home Health, Ltd. for an undisclosed sum.

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Hospice News

MAY 10, 2023

As Addus HomeCare Corporation (NASDAQ: ADUS) sinks teeth into acquisitions, the company will be taking smaller bites when it comes to hospice deals. Hospice multiples broke records in 2020, 2021 and 2022, reaching as high as 29x.

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Hospice News

AUGUST 1, 2022

This follows six new locations they opened in 2021 and seven during 2020. The company purchased three Missouri companies from LifeCare Collective last October — HomeCare of Mid Missouri, Nurses & Company, and Transitions Hospice. Croix has no plans to slow down its expansion, CEO Heath Bartness previously told Hospice News.

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Hospice News

AUGUST 31, 2023

A pattern of “megadeals” occurring in 2021 and 2022 set a high bar for transaction valuations and volumes, which contributed to this year’s slump compared to previous record-breaking levels. Another significantly-sized deal in the industry came in August when Addus HomeCare Corp.

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Hospice News

OCTOBER 5, 2022

Addus HomeCare Corporation (NASDAQ: ADUS) has acquired Chicago-based Apple Home Healthcare, Ltd., Addus in 2021 opened a $600 million revolving line of credit with Capital One Financial Corp. for an undisclosed sum. Texas-based Addus has more than 200 locations across 22 states, including Illinois.

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HPNA podcast

JANUARY 15, 2024

Currently, she manages research, quality, education, and orientation for the Hospice Homecare program, which serves approximately 150,000 people in Connecticut. Currently, she manages research, quality, education, and orientation for the Hospice Homecare program, which serves approximately 150,000 people in Connecticut.

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Hospice News

MARCH 3, 2023

The organization finished 2021 in the red by $1.5 It also brings an additional 10,000 patients under its wings and adds roughly 4,000 employees to its ranks, Causby indicated. ProMedica tightens its belt The deal follows several years of financial losses for ProMedica.

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Hospice News

JULY 7, 2022

This follows six new locations they opened in 2021 and seven during 2020. Also in Missouri, the company purchased three Missouri companies from LifeCare Collective last October — HomeCare of Mid Missouri, Nurses & Company and Transitions Hospice. Croix acquired Lombard, Ill.-based based Lexington Hospice Care. in 2000 and 13.6%

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Hospice News

MAY 3, 2022

Acquisitions will be crucial to Addus HomeCare Corp.’s Industry-wide, deal volume in the hospice and home health markets slipped during the first quarter of 2022 after a late 2021 blitz in transactions. s (NASDAQ: ADUS) 2022 objectives as COVID headwinds start to abate.

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Hospice News

APRIL 17, 2023

The UnitedHealth Group subsidiary Optum ultimately did acquire Prospero in early 2021 and is in the process of merging the company with its Landmark subsidiary. NASDAQ: AMED) acquired the business in 2021. As a result, the number of ED visit cases dropped. Amedisys Inc.

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Hospice News

MARCH 24, 2023

Recently the analytics firm Hospice Dynamix entered a yet-to-be-announced partnership with Homecare Homebase to integrate their platform into the latter’s electronic health record system. Nationwide, the average hospice length of stay fell by nearly five days in 2021 to 92.1, according to the Medicare Payment Advisory Commission.

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Hospice News

SEPTEMBER 20, 2023

Before joining Guaranteed, Malone served as vice president of sales and partnerships at mental health provider Thriveworks since 2021. Derrick’s impressive track record and visionary approach align seamlessly with our organization’s mission to provide the highest quality of care,” Dismond told HomeCare.

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Hospice News

APRIL 20, 2022

Addus HomeCare Corporation (NASDAQ: ADUS) announced Wednesday that it has named a new EVP and chief development officer in Cliff Blessing, who had previously served as the EVP of corporate development for Encompass Health’s (NYSE: EHC) home health and hospice business. Part of that could be due to inflation.

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Hospice News

SEPTEMBER 2, 2022

With multiples being where they are in the [hospice] sector compared to last year, we are starting to see a little bit of compression,” Addus HomeCare Corp. Industry-wide, deal volume in the hospice and home health markets slipped during the first quarter of 2022 after a late 2021 blitz in transactions.

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AlayaCare

APRIL 26, 2023

North Country Home Services (NCHS) , a licensed home care service agency located in upstate New York, achieved significant success in its operations following the implementation of AlayaCare Cloud , an all-in-one homecare software solution.

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Home Care Pulse

SEPTEMBER 21, 2022

With training being the number one complaint from clients and care staff in 2021, HCP will support HHAeXchange users in building a learning ladder with training to retain staff and create a long-term environment for employment. . is the leading technology platform for homecare and self-direction program management. About HHAeXchange.

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AlayaCare

MARCH 3, 2023

Encourage homecare provider education & training Lastly, continuity of care is only made possible by the caregivers and staff at the home care agency. We’ve developed a free worksheet to help home care providers work through improving their care plans.

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AlayaCare

APRIL 1, 2022

A report by Home Health Care News (HHCN) and AlayaCare states that more than 40% of home care providers have turned to contract labor in 2021 to mitigate staffing shortages and three-quarters of respondents reported an increase in the cost of care due to staffing shortages.

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AlayaCare

MARCH 31, 2022

A report by Home Health Care News (HHCN) and AlayaCare states that more than 40% of home care providers have turned to contract labor in 2021 to mitigate staffing shortages and three-quarters of respondents reported an increase in the cost of care due to staffing shortages.

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Hospice News

AUGUST 2, 2022

Addus also counted its first full quarter of revenue from its 2021 purchase of Armada Hospice of New Mexico and Armada Hospice of Santa Fe for $29 million. million during Q2 2021. For example, the company’s $85 million acquisition of Illinois-based hospice provider JourneyCare Inc., Company-wide revenues were up 8.7%

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Healthcare Law Insights podcast

MARCH 3, 2021

Information related to this episode: HomeCare : Husch Blackwell Secures Hospice Overpayment Reduction News release: Husch Blackwell's Hospice Team Opens 2021 with Significant Audit Victory Husch Blackwell's Hospice Medicare & Medicaid Audits Team Hospice Medicare Audits: Strategies for success Hospice Medicaid Audits: Vigorous advocacy.

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Hospice News

MARCH 29, 2023

However, those numbers fell by nearly five days in 2021 to 92.1, Length of stay was among the bumps in hospice segment performance for Addus HomeCare’s (NASDAQ: ADUS) during the fourth quarter. days during the same period in 2021. That number reached 92.5 according to the Medicare Payment Advisory Commission.

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Home Care Pulse

JULY 18, 2022

Family Resource began using HCP Training in June 2021, but they needed to improve internal communication around that training for caregivers to get the benefits. According to Jeff, “A lot of caregivers have commented on our Best of Homecare Awards and positive reviews which have helped them decide to go with Family Resource.

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Hospice News

FEBRUARY 28, 2023

days during the same period in 2021. “I Hospice average daily census reached 3,213 in Q4, up from 2,651 during the previous year’s period. Hospice length of stay reached an average of 90.2 days in the fourth quarter, compared to 99.3

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Hospice News

JULY 5, 2022

Another factor in the Q1 cool down was a depleted number of assets coming up for sale after the late 2021 rush to complete deals, driven in part by fears of a possible capital gains tax hike, according to Palamara and Vesely.

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Hospice News

DECEMBER 19, 2022

During late 2021 and 2022, the U.S. Findings reflected that attrition rates exceeded pre-pandemic levels by 35% as of 2021. The hospice M&A market has run hot in recent years, seeing record-high valuations in 2021. billion purchase of Kindred at Home in August 2021. 3–6 Big Provider, Payer Hospice Deals.

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Hospice News

NOVEMBER 14, 2022

in the same period of 2021, according to research by Scott Fidel, analyst for Stephens. This has been a longstanding problem since the start of the pandemic, but average length of stay among the publicly traded firms tumbled at a faster rate in Q3 2022 (3%) than they did in the third quarter of 2021 (2%). The company saw a 10.6%

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Hospice News

NOVEMBER 10, 2022

This includes the company’s December 2021 $345 million purchase of Comfort Care Home Health, which added 31 locations in Alabama and Tennessee to Aveanna’s footprint. The company in Q3 completed its conversion in collaboration with Homecare Homebase, slimming from four operating systems to one across all locations.

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Hospice News

DECEMBER 12, 2022

In addition to acquisitions, LHC was involved in 30 out of the 69 joint ventures that completed in the hospice and home health space from 2014 to 2021, Kulik said. billion purchase of Kindred at Home in August 2021. For all counties, the 2021 assessment identified behavioral health as the No. This was Humana Inc.’s

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Hospice News

FEBRUARY 2, 2023

She stepped down from that role in spring 2021. In 1999, she also established and led Homecare Homebase. A new multi-state home health and hospice player, VitalCaring Group, has emerged under the leadership of health care entrepreneur and executive April Anthony. NYSE: EHAB).

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Hospice News

MAY 18, 2022

I think the rate increase that they’ve looked at on the hospice side is a little lighter than people anticipated,” Addus HomeCare (NASDAQ: ADUS) CEO Dirk Allison said on a first quarter 2022 earnings call. “We’re VITAS has been on a recruitment blitz during late 2021 and early 2022 to counter the industry-wide workforce shortage.

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Home Care Pulse

JUNE 21, 2022

Some nurses take a supervisory role in homecare, supporting and coordinating various client-facing job functions, making them as important to the staff they support as they are to the clients in their care. The annual Gallup poll has named them the #1 most trusted profession for the 20th year in a row, eclipsing medical doctors by 14 points.

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Hearts for Home Care

NOVEMBER 22, 2021

BAYADA Home Health Care has had to deny 40% of PAS cases in 2020 and 2021 because there were not enough caregivers to staff the cases. Teri Henning , the executive director of the Pennsylvania Homecare Association (PHA) , says she’s hearing similar numbers from PAS providers across the board.

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Home Care Pulse

SEPTEMBER 28, 2022

I think, um, you know, in 2021, the LA Times put out a report saying that post George Floyd, 83% of organizations across the country had committed to doing some of this is self-reported, but had committed to doing some kind of d e and I program, um, was only 63% in healthcare and only 35% in home care. Uh, that’s a great question.

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