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Hospice Investors to Watch in 2024

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 data from the M&A advisory firm The Braff Group.

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Addus Acquires Apple Home Healthcare

Hospice News

Addus HomeCare Corporation (NASDAQ: ADUS) has acquired Chicago-based Apple Home Healthcare, Ltd., The state is one of three in which Addus offers its trifecta of business lines — personal care, home health and hospice. Since 2019, Addus has purchased seven personal care companies and four home health and hospice agencies.

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Hospice News’ Top 10 Stories of 2022

Hospice News

During late 2021 and 2022, the U.S. Social workers left the health care field at record-high rates during the pandemic, according to data from the Peterson-Kaiser Family Foundation Health System Tracker. Findings reflected that attrition rates exceeded pre-pandemic levels by 35% as of 2021. 3–6 Big Provider, Payer Hospice Deals.

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The Most Significant Hospice Deals So Far in 2023

Hospice News

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. Among this year’s biggest deals in terms of valuation and size was Gentiva’s $710 million acquisition of ProMedica’s hospice and home-based care assets.

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Addus Hires Former Encompass Health Executive, Gears Up for Major Growth

Hospice News

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. For context, last year, personal care accounted for 79% of Addus’ revenue.

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