Hospice News

JANUARY 11, 2023

Ohio-based Queen City Hospice, an Addus Homecare (NASDAQ: ADUS) company, recently opened a new location in its home state. The new location in Fayetteville, Ohio, adds a central office in a rural region of the hospice’s service area that will reduce staff travel time. Census Bureau. Centers for Medicare & Medicaid Services (CMS).

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Hospice News

JANUARY 5, 2023

Though buyers remain hungry for hospice acquisitions, smaller deals will likely be the most prevalent during 2023. Acquisition patterns established in 2021 and 2022 are shaping the M&A outlook for the current year. About 114 home health and hospice transactions occurred during the 12-month period ending Nov.

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Hospice News

AUGUST 2, 2022

Bolstered by recent acquisitions, Addus Homecare’s (NASDAQ: ADUS) hospice segment is holding its own against labor headwinds and inflation. For example, the company’s $85 million acquisition of Illinois-based hospice provider JourneyCare Inc., million, with hospice accounting for 20%, CFO Brian Poff reported in the earnings call.

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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. Hospice is still very expensive. Addus began as a personal care provider in 1979.

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Hospice News

APRIL 13, 2023

Justice Department has indicted Eduardo Lopez, a former hospice executive and current senior vice president of a private equity firm, for violations of the Sherman Act. Lopez held overlapping executive roles at multiple hospices in the Las Vegas area. These were just some of Lopez’s other hospice executive positions.

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Hospice News

FEBRUARY 7, 2023

She became a hospice nurse for By the Bay Health in 1996, then named Hospice of Marin, taking on various roles in clinical leadership throughout her more than 27-year tenure. “It Previously known as Hospice by the Bay, the organization rebranded in 2021 to reflect a broadening scope of services.

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Hospice News

JANUARY 11, 2024

Fortis Health has acquired Indiana-based Physiocare Home Health and Hospice. Their culture and approach to quality patient care are a great fit with what we have established at Fortis Health.” The company also operates Valeo Home Health and Hospice and Select Home Health, which Grant Avenue acquired in late 2020 and 2021, respectively.

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Hospice News

SEPTEMBER 25, 2023

The company, which does not yet have a stock symbol, raised the bar from when it initially filed in October 2021 with a $100 million listing. Now the home and community-based health care services platform has set a $1 billion listing goal with plans to launch trading on the NASDAQ by the end of this year, according to a Bloomberg News report.

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Hospice News

FEBRUARY 28, 2023

That path will divert more toward home health and personal care – and less in the direction of hospice – as 2023 progresses. The company added to its clinical workforce with 80 new hires during the fourth quarter, with hospice hiring especially strong. Addus’ hospice census rose along with the company’s staffing volumes.

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Hospice News

APRIL 3, 2023

Through the JV, the two health care organizations are combining their home health and hospice operations in south Texas to form a new entity. AccentCare will take the lead on managing the home-based care business. Last year Memorial Hermann launched a JV with Contessa, the palliative care service arm of Amedisys (NASDAQ: AMED).

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Hospice News

MARCH 17, 2023

More hospices are going green, making short-term investments to cultivate long-term sustainability. Among these companies is Agrace Hospice & Supportive Care, which unveiled an initiative last October to become carbon neutral by 2025, according to President and CEO Lynne Sexten. Amedisys, Inc.

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Hospice News

JULY 18, 2023

Home-based care veteran Rob Radics took the helm as CEO of Fortis Home Health & Hospice in May, and in the early days of his tenure is laser-focused on hospice growth. Most recently, he served as the president of the home health and hospice segments at Aveanna Healthcare Holdings (NASDAQ: AVAH).

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Hospice News

DECEMBER 5, 2022

Debbie Jonhston is a registered nurse who founded Viriginia-based Serenity First Hospice in 2021, inspired by the care her father recieved as he reached the end of his life. With the launch of Serenity First, Johnston transitioned from her career in home health and personal care.

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Hospice News

SEPTEMBER 30, 2022

Rising demand and demographic tailwinds are propelling rapid growth in both the hospice and palliative care markets. These markets are growing partly because of demographic trends and partly because of increasing acceptance of both palliative and hospice,” Tanquilut told Hospice News. “As billion by 2030, a rise from $34.5

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Hospice News

MAY 23, 2023

Hospice merger and acquisition activity has taken a downturn in 2023, which is in line with projections from M&A experts. Approximately 14 hospice, home care and home health transactions were reported during the first quarter of 2023, according to recent data from Mertz Taggart. However, deal volumes are still 20.4%

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Hospice News

MARCH 3, 2023

Gentiva’s recent $710 million acquisition of ProMedica’s hospice and home-based care assets bucks prevailing trends in today’s M&A market. NYSE: GS), a representative for Gentiva told Hospice News’ sister publication Skilled Nursing News. billion divestiture of Kindred at Home’s hospice and personal care segments.

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Hospice News

JANUARY 25, 2023

Hospices are increasingly leveraging technology and pharmaceutical partnerships to better address the needs of patients and families and improve financial and operational efficiencies. Hospices have leaned heavily on technology during the pandemic, turning to telehealth to remain connected to patients and their families.

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Hospice News

JUNE 28, 2023

Hospice of the Chesapeake Appoints New CMO Maryland-based Hospice of the Chesapeake recently named Dr. Marny Fetzer as its new chief medical officer. Fetzer is currently system medical director for palliative care and hospice services at Illinois-based Ascension Health.

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Hospice News

FEBRUARY 1, 2024

Natarajan’s role expanded after previously serving as the post-acute company’s chief medical officer for hospice since 2005. In addition to oversee AccentCare’s hospice and palliative care programs, he will also support its clinical care operations and patient experience initiatives.

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Hospice News

JANUARY 19, 2023

Hospice and behavioral health care could increasingly intersect in coming years as demand for specialized care grows. But the prevalence of mental health conditions and related concerns like isolation and substance abuse mean that hospice and behavioral health providers may need to find more ways to integrate their services.

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Hospice News

MARCH 20, 2023

Hospices are blazing trails toward growth, each provider with its own range of strategies. In 2023, the focus for many is to not only expand their core business but to spread further into the care continuum. By 2030, the hospice market’s total dollar value is expected to nearly double, reaching $64.7 billion, up from $34.5

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Hospice News

JULY 14, 2023

The Florida-based company is a home-based care franchise that provides home health care, hospice care, palliative care, pediatric care and personal care to about 200,000 patients annually from more than 330 U.S. Between 2018 and 2021, he was CEO of the personal care company Help at Home.

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Hospice News

JULY 21, 2023

Regulatory challenges have contributed to the hospice sector’s current M&A slump, but this year’s volume nevertheless aligns with experts’ forecasts. This year will be the second consecutive year-over-year decline in hospice activity. You have to go back six years to get an idea of average annual activity. billion.

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Hospice News

APRIL 3, 2024

Atlanta-headquartered Aveanna provides home health, hospice, personal care and private duty services across 33 states. The company also provides medical solutions, therapy services and durable medical equipment, among other adult and pediatric health care services.

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Hospice News

AUGUST 17, 2023

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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Hospice News

FEBRUARY 12, 2024

Once among the nation’s largest home health and hospice providers, Humana Inc. NYSE:) acquired the company in 2021. The following year, the insurance giant divested Kindred’s hospice and personal care segments, selling a 60% stake to the private equity firm Clayton, Dubilier and Rice (CDR) for $2.8

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Hospice News

FEBRUARY 17, 2023

California-based post-acute care company Charter Healthcare Group has tapped Cheryl Lovell to become its new CEO and Anna-Gene O’Neal as the company’s first chief operating officer. The company completed at least six hospice deals in 2021 on top of four in 2020, in addition to two de novos and a number of home health transactions.

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Hospice News

AUGUST 14, 2023

Nasdaq: AMED), which purchased Contessa in 2021 for $250 million. Contessa’s palliative care JVs include deals with Mount Sinai Health System, Memorial Hermann Health System and Baylor Scott & White Health, among others. The post Regent Surgical Health Names Contessa Co-Founder Travis Messina CEO appeared first on Hospice News.

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Hospice News

NOVEMBER 22, 2022

In hospice, clinicians in the field have the closest relationships with patients and families, giving them direct insight into their needs and the challenge of providing care when many operators are understaffed. Akunesokwu (Neso) Obiora entered the palliative care field nearly 20 years ago as a hospice aide.

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Hospice News

FEBRUARY 16, 2023

Amedisys yesterday announced a partnership with BlueCross BlueShield of Tennessee to cover those services, as well as a forthcoming divestiture of its personal care segment to HouseWorks — excluding its Florida operations. Hospice segment revenue fell to $197.6 million in 2021. in 2022, compared to $6.34 million to $562.0

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Hospice News

OCTOBER 4, 2022

Texas-headquartered Choice Health at Home has entered the personal care space with the acquisition of Instant Care of Arizona for an undisclosed sum. Initially established in 2008 as a rehabilitation service provider, Choice expanded into home health during 2012 and later into hospice in 2018. By 2050, nearly 2.5

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Hospice News

JANUARY 24, 2024

Recruiting and retaining palliative care professionals can be a difficult feat for organizations, in part because not enough medical and nursing students are exposed to palliative care during their education. Luke’s Hospice & Palliative Medicine’s program. In 2022 Nashville-based HCA Healthcare Inc.

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Hospice News

OCTOBER 5, 2022

The state is one of three in which Addus offers its trifecta of business lines — personal care, home health and hospice. This acquisition is commensurate with our growth strategy to leverage our strong personal care presence and add clinical services.”. Hospice utilization in the Illinois market reached 50.3%

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Hospice News

OCTOBER 11, 2023

His first-hand experience leading through challenges and opportunities of a changing health care services continuum will help accelerate our integrated care strategy at pace.” Prior to Envision, Rechtin was president of OptumCare, a subsidiary of UnitedHealth Group (NYSE: UNH) and a major home health and hospice provider.

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Hospice News

APRIL 21, 2022

(NYSE: HUM) has signed a definitive agreement to sell a 60% stake in Kindred at Home’s (KAH) hospice and personal care business to the private equity firm Clayton, Dubilier & Rice (CDR) for $2.8 billion — and quickly announced plans to divest the hospice segment. Hospice partnership vs.ownership.

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Hospice News

JULY 19, 2022

For better or worse, the growing presence of large insurance companies in the hospice and home health provider space could be transformative for the industry. Two transactions demonstrate rising interest among payers in owning the home-based care assets that serve their beneficiaries. Hospice leaders have to remember why we are here.

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Hospice News

MARCH 16, 2023

The hospice and post-acute care provider recently unveiled a study of its nearly 30,000 active employees in an effort to both understand and improve driving forces that create a culture of inclusion, belonging and uniqueness for staff and patients alike, according to Rafael Fantauzzi, chief diversity, equity and inclusion officer at AccentCare.

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