Hospice News

JANUARY 19, 2024

Though the number of hospice M&A deals plummeted in 2023 compared to prior years, deals are still being made, and the industry may see a rebound in 2024. Transaction volume declined in the hospice and home-based care space in 2023, following the two record-breaking prior years. NYSE: HUM) for $2.8

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Hospice News

APRIL 23, 2024

A group of Wisconsin-based organizations, including hospices, are working to improve end-of-life care among homeless populations. Individuals who elect to receive hospice at the facility will receive care from local providers. A recent grant from local government agencies is helping to fuel these efforts.

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Hospice News

NOVEMBER 4, 2022

The pendulum of investor interest has swung hard into the hospice market in recent years, but shifts in reimbursement could steer buyers towards home health. Uncertainty earlier this year around Medicare’s proposed 2023 home health payment rates led some stakeholders to expect a swerve towards hospice. The initially proposed 4.2%

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Hospice News

MARCH 14, 2024

NASDAQ: AVAH) has seen improvement within its hospice and home health segment. The last two years have brought some turbulence in Aveanna’s hospice and home health admissions and revenues. The business we’re most proud of is the rebound of our home health and hospice business,” Shaner said in today’s earnings call. “A

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Hospice News

FEBRUARY 27, 2024

NASDAQ: ADUS) saw hospice growth in 2023, despite lingering pandemic-related challenges around daily census. 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. billion in 2023, swelling from $951.1

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Hospice News

MAY 10, 2023

Hospices are increasingly eying palliative care as a promising growth opportunity, prioritizing expansion in that field over other health care service lines. Survey respondents included nearly 330 hospice and palliative care industry professionals, including owners, executive leaders and managers, among others.

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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. Hospice length of stay reached an average of 90.2

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Hospice News

MARCH 13, 2024

In case you missed it, Hospice News has launched a new specialty publication for palliative care professionals. You can subscribe to Palliative Care News here: Subscribe today! d/b/a/ Covenant Care, provides hospice across six cities in the panhandle and northwest region of Florida and in three markets across southeast Alabama.

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Hospice News

SEPTEMBER 7, 2023

Chicago-based NorthShore–Edward-Elmhurst Health is expanding its partnership with Residential Home Health and Hospice. But now, Residential Hospice will act as a preferred provider of hospice services at the health system, NorthShore indicated in a press release.

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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

APRIL 11, 2024

Angela Hospice’s New Senior Living Inpatient Facility Michigan-based Angela Hospice recently unveiled plans to open a new inpatient center at a senior living facility. Set to open this summer, the hospice facility will feature 15 patient beds at Lourdes Senior Community in Waterford, Michigan. The William B. and Janet B.

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Hospice News

FEBRUARY 27, 2023

The hospice, palliative care and personal care provider Gentiva has agreed to acquire Heartland Hospice and other assets from the home-based care company ProMedica. The Atlanta-based provider emerged from the former hospice and personal care segments of Kindred at Home.

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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. Many in the space expect smaller deals to become more prevalent during the first half of 2023, particularly in light of rising interest rates and other economic forces. s (NYSE: HUM) $2.8

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Hospice News

NOVEMBER 2, 2022

As the dust settles from its divestiture of Kindred at Home’s hospice and personal care segments, Humana Inc. NYSE: HUM) seeks to further expand into value-based care as both a provider and a payer. Kindred Hospice pushed up Humana’s Q3 operating costs by roughly 160 basis and 200 basis points year-to-date.

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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

MARCH 21, 2023

While compensation is an important factor for attracting and keeping staff, hospices need to consider other crucial aspects. Employee benefits, a career path, organizational culture and leadership engagement also weigh into workers’ decisions to join, stay or leave a hospice.

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Hospice News

JANUARY 25, 2023

Forging partnerships with health systems and physician groups has become a cornerstone of AccentCare’s growth strategy as it seeks to expand the breadth of this post-acute care services. AccentCare has been building such partnerships for years, but in 2023 they have become a rising priority.

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Hospice News

APRIL 18, 2024

NYSE: CHE), has completed its $85 million acquisition of Covenant Health and Community Services’ hospice operations and one assisted living facility location. d/b/a/ Covenant Care, provides hospice across six cities in the panhandle and northwest region of Florida and in three markets across southeast Alabama.

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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. It’s about working together to assess the needs with wraparound care.”

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Hospice News

SEPTEMBER 7, 2023

The program is designed to recognize up-and-coming industry members who are shaping the next decade of home health, hospice care, senior housing, skilled nursing, and behavioral health. Drake Jarman, senior vice president of growth of hospice at Amedisys Inc. NASDAQ: AMED) has been named a 2023 Future Leader by Hospice News.

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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

FEBRUARY 21, 2024

Optum, a subsidiary of UnitedHealth Group (NYSE: UHN), in June 2023 penned its agreement to acquire Amedisys in an all-cash transaction of $101 per share, or about $3.3 During the third quarter of 2023, Amedisys’ net service revenue rose to $570.8 million from Amedisys’ personal care segment, which the company divested in March 2023.

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Hospice News

DECEMBER 21, 2023

Two of the nation’s largest hospice and home-based care industry organizations are merging and have announced a combined board that will guide the transition. Recently, many of those efforts have included advocacy around program integrity within the Medicare Hospice Benefit. Lloyd, president and CEO, Delaware Hospice, 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

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 28, 2023

When it comes to value-based payment models, home health has a head start on hospice. But those providers’ experiences can lend some insights into how hospices can prepare themselves. Hospices are only now taking their first steps into value-based reimbursement.

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Hospice News

JUNE 29, 2023

(NASDAQ: ADUS) has reached an agreement to purchase the home health, hospice and private duty operator Tennessee Quality Care for $106 million. Tennessee Quality Care operates 17 locations serving an average of 1,800 patients daily throughout 50 of the 95 counties in its home state. Its hospice segment represented $49.08

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Hospice News

JULY 24, 2023

On the heels of its $710 million acquisition of Heartland Hospice, Gentiva has opened a do novo in Mississippi. We will help others get the care they need and deserve at the end of their life. To me hospice is about allowing those at the end of life to gain the care, respect and dignity they deserve. s (NYSE: HUM) $2.8

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Hospice News

APRIL 23, 2024

Over the course of the six-month pilot, providers received a 95% patient satisfaction rate, while saving $3 in hospital bills for every $1 spent toward palliative care. Cotter has been a board certified physician in family medicine since 1981 and worked as a hospice medical director from 1988 to 1989.

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Hospice News

FEBRUARY 12, 2024

Once among the nation’s largest home health and hospice providers, Humana Inc. 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 NYSE:) acquired the company in 2021.

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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. Fueling the company’s cash flow are increases in net service revenue that continued into Q3, including its hospice segment. Its hospice segment earned $53.1 million, up 12.6%

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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. Hospice is different in the beginning.

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Home Care Pulse

JANUARY 26, 2023

T he Best of Home Care ® – Leader in Training award recognizes home care agencies that provide specialized care for clients and career growth for caregivers through a commitment to continuous learning. 2023 Award Requirements Have 10+ learners complete at least 1 training course for the year.

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Hospice News

MAY 11, 2023

NASDAQ: AVAH) home health and hospice margins. Though Aveanna’s home health and hospice segment has seen greater difficulty during the pandemic compared to its other business lines, the company remains optimistic about its long-term growth potential, according to CFO Dave Ashar. The company’s margins for that segment fell to 44.6%

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Hospice News

AUGUST 1, 2023

NASDAQ: ADUS) has completed the acquisition of the home health, hospice, and private-duty company Tennessee Quality Care for an undisclosed amount. With this transaction, we will also be able to expand our home health and hospice services into nine additional counties as we look ahead to de novo locations in the future.”

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Hospice News

JANUARY 16, 2024

For New Day, it meant a new way of thinking about home-based care delivery, driven by technology, non-traditioal investment strategies and extension of those principles across the home-based care continuum. New Day Health Care started in mid-2020, the middle of COVID at what seemed to be a peak of uncertainty.

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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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