Hospice News

FEBRUARY 21, 2024

billion in 2022. The 2022 numbers include $61.4 million from Amedisys’ personal care segment, which the company divested in March 2023. million in the third quarter of 2022. Its high-acuity and palliative care segment, Contessa, saw an operating loss of $5.9 million in 2022. million in 2022.

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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. Mastrapa since 2021 has been an advisor and consultant to multiple health care companies.

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Hospice News

FEBRUARY 27, 2024

The company anticipates growth in its personal care business in 2024, which will have a reverberating impact in its hospice and home health service lines. for $85 million in October 2022 and picked up Chicago-based Apple Home Health Ltd. The company’s personal care services made up the bulk of its revenue at $204.49

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Hospice News

AUGUST 11, 2022

billion sale of Kindred at Home’s hospice and personal care segments, divesting a 60% stake to the private equity firm Clayton, Dubilier & Rice. Soon thereafter, the company announced plans to divest the hospice and personal care segment. (NYSE: HUM) has completed its $2.8 Humana will retain the remaining 40%.

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Home Care Pulse

APRIL 28, 2022

– Get the Full Scoop with the 2022 HCP Benchmarking Report. Get the Full Scoop with the 2022 HCP Benchmarking Report. Share: We’re Home Care Pulse, a leading provider of experience management & surveys, caregiver/CNA training, and online reputation management. L ooking for the latest news in home care?

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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. Addus began as a personal care provider in 1979. million during Q4 2022, about 20.5%

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Hospice News

AUGUST 2, 2022

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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Hospice News

JANUARY 19, 2024

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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Hospice News

JUNE 29, 2023

Addus expects the transaction to further its goal of co-locating its clinical services in markets where it already has a personal care footprint. We are pleased to expand our market presence in Tennessee with the addition of the Tennessee Quality Care operations. The deal is set to close in the third quarter of the year. “We

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Diversity Nursing

JANUARY 10, 2022

Rhonda Thompson, DNP, CNO and SVP of Patient Care Services at Phoenix Children's Hospital told Beckers Hospital Review , "The nursing shortage affecting health systems nationwide will continue to be a challenge in 2022. So much so, last year a bill called the Choose Home Care Act 2021 was presented to Congress.

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Hospice News

MAY 11, 2023

during the same period in 2022. Although 2022 was a difficult year for our home health and hospice segment, we firmly believe in this business and its long-term value proposition,” Ashar said in an earnings call. “We million increase from Q4 2022. NASDAQ: AVAH) home health and hospice margins. in Q1 from 48.7% dip to $56.1

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Hospice News

JANUARY 5, 2023

Acquisition patterns established in 2021 and 2022 are shaping the M&A outlook for the current year. Consequently, transaction volume is expected to be more in line with 2022’s numbers rather than the record-breaking levels of years prior. 15, 2022, down 27% compared to the prior year, according to PwC Health Services’ U.S.

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Hospice News

MARCH 1, 2024

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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Hospice News

APRIL 4, 2023

In addition to skilled home health, Enclara’s services include hospice, palliative and personal care, and behavioral health. The acquisition presents opportunities for Elara Caring to fill gaps between its adjacent markets in Connecticut and Massachusetts.

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Hospice News

MAY 23, 2023

One contributing factor is that — following a glut of activity in 2021 and 2022 — fewer quality hospices are left on the market, the Mertz Taggart report indicated. “To The current state of hospice M&A The downward trend started to emerge in late 2022, when deal volumes and valuations dipped from the record highs of the preceding years.

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Hospice News

AUGUST 31, 2023

billion , which closed at the end of 2022. The industry could see similar deals take shape as payers increasingly recognize the value of having a foothold in home-based care, he indicated. billion divestiture of a 60% stake in Kindred at Home’s hospice and personal care segments. s (NYSE: HUM) $2.8

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Hospice News

DECEMBER 11, 2023

The leadership they bring to our accounting and finance teams, and Aveanna overall, is critical as we focus on executing our key initiatives into 2024,” Atlanta-headquartered Aveanna provides home health, hospice, private duty and personal care in locations in 33 states. increase from Q3 2022. compared to Q3 in 2022.

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Hospice News

OCTOBER 31, 2023

All told, Addus provides hospice, home health and personal care to an estimated 47,500 patients annually across 203 locations in 22 states. Acquisitions contributed about $65 million to Addus’ bottom line in 2022. The company purchased Illinois-based hospice provider JourneyCare Inc.

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Hospice News

JULY 21, 2023

In addition to those pressures, the industry is also in a cooling period in which companies focus on integrating the assets that many acquired during flurries of activity in 2021 and 2022, according to Mark Kulik, senior managing director at The Braff Group. Getting those “synergies” to align takes dedicated time and resources, Kulik stated.

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Hospice News

NOVEMBER 9, 2023

It provides home health, hospice, private duty and personal care. Aveanna also provides medical solutions and durable medical equipment, among other adult and pediatric health care services. compared to Q3 in 2022. The Atlanta-headquartered company has locations in 33 states. million, a 6.3% year-over-year increase.

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Hospice News

FEBRUARY 1, 2024

The company merged with Illinois-based Seasons Hospice & Palliative Care in 2020. AccentCare provides hospice, palliative and personal care, along with home health, non-medical services, care management and high-acuity home care. I’m a strategically focused collaborative and appreciate humor!”

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Hospice News

OCTOBER 14, 2022

Texas-based Choice Health at Home’s recent purchase of Instant Care of Arizona is bursting with long-term growth potential. The deal marked Choice’s first steps into the Arizona market and made the company a stronger player in the private duty and personal care arenas. Instant Care is Choice’s second acquisition this year.

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Hospice News

NOVEMBER 9, 2023

The bereavement care tech company Betterleave has secured $2.4 Austin-based Betterleave Bereavement launched as a venture capital-backed startup in March 2022. The company’s bereavement care platform is designed as a benefit that companies can offer their employees who have lost a loved one, a pregnancy or a pet.

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Hospice News

FEBRUARY 16, 2023

For starters, the company is going full-speed ahead on palliative care, delivered through its subsidiary Contessa Health. 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.

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Hospice News

JANUARY 8, 2024

AccentCare is a portfolio company of the private equity firm Advent International, offering hospice, palliative care, personal care, non-medical services, home health, care management and high-acuity home care. ” AccentCare in January 2022 unified its seven business lines under the company’s main brand.

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Hospice News

OCTOBER 18, 2023

Some Aetna health plans will now offer a certain number of hours of personal care assistance for activities of daily living, she indicated. The company is also leveraging palliative care services to further reduce hospitalizations and allow seniors to age in place for as long as possible.

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Hospice News

DECEMBER 13, 2023

Miami-based VITAS has provided community- and facility-based hospice care in the Broward County area since 1980. The company opened the facility at the Broward Health Medical Center in 2022, which is located in Fort Lauderdale, Florida. The Atlanta-based provider offers hospice, palliative and personal care services.

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Home Care Pulse

JUNE 30, 2022

Specialty care courses . According to the 2022 HCP Benchmarking Report, agencies are providing training in at least 10 of the following basic topics: If you’d like to train your caregivers to stand out beyond the industry’s necessary skillset, consider adding a few of the most popular training topics among caregivers and clients alike.

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Hospice News

MARCH 21, 2023

Turnover among registered hospice nurses, for example, reached 25.15% during 2022, according to the 2022-2023 Hospice Salary & Benefits Report , published by Hospital & Healthcare Compensation Service (HCS) in cooperation with the National Association for Home Care & Hospice (NAHC).

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Hospice News

MAY 23, 2023

million in Q1 2022. “I The home health, hospice and personal care provider has been on a growth trajectory in recent years, particularly through acquisitions. In 2022, Jet Health acquired Trio Home Health Care and Hospice and Blessings Hospice, both Texas-based. million in the prior year’s quarter.

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Hospice News

DECEMBER 6, 2022

Kusserow – who holds a reputation as a successful turnaround executive – held the Amedisys CEO role from 2014 until early 2022. During that time, he helped spearhead the company’s aggressive hospice expansion, epitomized by the industry-shaping acquisitions of Compassionate Care Hospice, AseraCare and other businesses.

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Hospice News

AUGUST 1, 2023

All told, Addus provides hospice, home health and personal care to an estimated 47,500 patients annually across 203 locations in 22 states. Compared to Q2 2022, the company saw 9.7% By 2030, 28% of the state’s population will be 60 or older, according to the U.S. Census Bureau. This is a projected 37% increase from 2017.

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Hospice News

JANUARY 24, 2024

Emerging training models More palliative care education pathways have emerged in recent years, including a virtual reality-based training program that Brigham and Women’s Hospital launched into developing in November 2023. In 2022 Nashville-based HCA Healthcare Inc. Luke’s Hospice & Palliative Medicine’s program.

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Hospice News

NOVEMBER 17, 2022

Under Kusserow, Amedisys also expanded its care continuum from home health and hospice to include palliative care, personal care, hospital-at-home and skilled-nursing-facility-at-home. During his time leading the company, Amedisys’ market capitalization rose to more than $5.3 billion from $900 million.

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Hospice News

MARCH 16, 2023

It’s important that we are inclusive as we make sure we’re providing quality care.” Dallas-headquartered AccentCare is a portfolio company of the private equity firm Advent International, offering hospice, palliative care, personal care, non-medical services, home health, care management and high-acuity home care.

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AlayaCare

APRIL 13, 2022

Before gaining access to bid on personal care RFPs awarded by the HCCSS units, agencies must undergo an annual application process to become prequalified service providers. And prior to the current home care crisis, new agencies were rarely approved during the RFP process. Then reach out and see how you help.

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AlayaCare

APRIL 14, 2022

Before gaining access to bid on personal care RFPs awarded by the HCCSS units, agencies must undergo an annual application process to become prequalified service providers. And prior to the current home care crisis, new agencies were rarely approved during the RFP process. Looking ahead to summer 2022 – and beyond.

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