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Addus Orients M&A Strategy Away From Hospice, Towards Home Health, Personal Care

Hospice News

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. Texas-based Addus provides personal, home health and hospice care across 207 locations in 22 states, reaching roughly 46,500 patients annually.

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VITAS, Gentiva, Home Health & Hospice Care Expand Inpatient Services; Banner Health Shutters Hospice Programs in Phoenix

Hospice News

VITAS Healthcare Expands Hospital-Based Inpatient Hospice Center Chemed Corp. NYSE: CHE) VITAS Healthcare recently expanded its inpatient hospice care unit at the Florida-based Broward Health Medical Center. Miami-based VITAS has provided community- and facility-based hospice care in the Broward County area since 1980.

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Addus to Acquire Tennessee Quality Care for $106 Million

Hospice News

Tennessee Quality Care operates 17 locations serving an average of 1,800 patients daily throughout 50 of the 95 counties in its home state. About 70% of its business is home health, including private duty, with hospice care comprising 30%. Its hospice segment represented $49.08 million of that total, about 19.5%.

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New Leadership at Interim HealthCare; Former Amedisys CEO to Lead TheKey

Hospice News

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 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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Frontpoint Health Acquires High Plains Senior Care Group

Hospice News

Frontpoint, a portfolio company of Cimarron Healthcare Capital and Tacoma Holdings, is an emerging provider of home health, hospice, palliative and personal care with a focus on Medicare Advantage enrollees in Texas markets. Financial terms were undisclosed.

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Addus’ Hospice Business Thrives Despite Labor Pressure, Inflation

Hospice News

Addus plans to stay busy in the acquisitions market in the latter half of the year into early 2023, targeting primarily personal care and home health deals, according to CEO Dirk Allison. Since 2019, Addus has purchased seven personal care companies and four home health and hospice agencies.

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