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2023’s Most Impactful Hospice Deals

Hospice News

A rich mix of hospice merger and acquisition (M&A) activity at the end of 2023 is fueling trends into next year. Smaller transactions picking up the pace Smaller deals have reigned in 2023, a trend that falls in line with industry projections after the bulk of large hospice assets were plucked in recent years.

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Angela Hospice’s New Inpatient Facility; Hosparus Opens PACE Center

Hospice News

Founded in 1965, the faith-based organization offers assisted and independent living, memory care and rehabilitative services. “We Hosparus Health in January 2023 applied for licensure , recently receiving a greenlight from the U.S. Apex Design Build began construction of the facility in 2023.

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Choice Health at Home Acquires Lumicare Hospice

Hospice News

Established in 2008, Choice offers home health, hospice, private duty and skilled nursing rehabilitation services, operating in 60 locations across Arizona, Kansas, Louisiana, Nevada, Oklahoma and Texas. Similar to national trends, demand for hospice is growing in Colorado, fueled by demographics. nationwide that year.

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New Contessa, UAMS JV to Provide ‘Full Spectrum’ of Home-Based Care

Hospice News

The two organizations have formed a joint venture — UAMS Health Comprehensive Care at Home — that will provide primary care; hospital, recovery, and rehabilitation services; home health, and palliative care. The JV will offer each of these services in the home setting.

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CommCare Expands with Notre Dame Hospice, Home Health Acquisitions

Hospice News

CommCare’s purchase of Notre Dame’s home health and hospice operations marks the transaction of this divestiture Its nursing home services are next in line as part of a separate deal set to close in 2023. Established in 1994, CommCare offers skilled nursing and rehabilitation services throughout Louisiana. Census Bureau.

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Staffing Constraints Dent Amedisys Hospice Segment; MA, JVs Expected to Spur Growth

Hospice News

Amedisys has implemented cost-control measures that the company expects to generate at least $20 million in savings during 2023. The venture is designed to provide a “full spectrum” of home-based care services, including primary care; hospital-at-home, recovery, and rehabilitation services; home health, and palliative care.

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C-Suite Shake Ups at Pennant Group; Financial, Legal Leadership Moves at Choice Health at Home, Hosparus

Hospice News

But executives indicated that they would be back on the hunt during the second half of 2022 and into 2023. Choice offers home health, hospice and rehabilitation services and operates 60 locations across Texas, Louisiana and Oklahoma. The company is backed by the private equity firms Coltala Holdings and Trive Capital Management.