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Man Pleads Guilty to $17M California Hospice Fraud Scheme

Hospice News

The individuals are accused of using false identities to open bank accounts and sign property leases, as well as submitting false and fraudulent claims to Medicare for hospice services that were not medically necessary and not provided to patients. million in transfers to his personal and business bank accounts.

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The Nuts and Bolts of Enhabit’s 2025 Hospice Growth Strategy

Hospice News

The home health and hospice provider is in part leveraging technology to fuel its plans, Jacobsmeyer said during the Bank of Americas Securities 2024 Home Care Conference. The company is currently taking a hard look at every aspect of its ongoing technology integration heading into next year, she stated.

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New Day Secures $125M Investment Seed to Fuel Hospice, Home Health Growth

Hospice News

New Day Healthcare LLC recently secured a $125 million senior credit facility with First Citizens Bank. That capital access will support the company’s acquisition pipeline in home health, hospice and personal care.

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New Day Healthcare Acquires Good Samaritan Society’s Hospice Operations

Hospice News

The company recently secured a $125 million senior credit facility with First Citizens Bank, which will support its acquisition pipeline in home health, hospice and personal care. The organization, through several home care brands, offers hospice, home health and personal care, along with pediatric services and clinical decision support.

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New Day Healthcare Acquires Christian Senior Care Services

Hospice News

The company in December 2024 secured a $125 million senior credit facility with First Citizens Bank. New Days reputation for delivering outstanding care is well deserved and we are pleased to become part of their growing organization. New Day has been on a growth trajectory in recent years.

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Addus Taking ‘Conservative’ Approach to Hospice, Home Health M&A

Hospice News

above market projections, reported the investment banking and M&A advisory firm Stephens. “At the same time, we will continue to be disciplined with our capital spending and diligently manage our net leverage ratio.” The company’s third quarter adjusted EBITDA margin reached 11.1%, which was +2.1% Addus’ total revenue reached $289.8

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Inside New Day Healthcare’s Acquisition Strategy

Hospice News

To finance acquisitions New Day relies on equity from Kaltroco, cash on hand and a $125 million senior credit facility with First Citizens Bank, Herman said. These deals followed three the prior year, including Good Samaritan Society, Compassion Hospice and Intrepid USAs hospice operations in Missouri and Texas for undisclosed sums.

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