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‘Signs of Life’: The 2025 Hospice M&A Outlook

Hospice News

Stakeholders are projecting a more frothy market in 2025, though regulatory concerns could sway buying decisions. Though hospice deal volume has grown quarter-by-quarter in 2024, the market has largely slumped due to various factors, some still rooted in the COVID-19 outbreak, according to Lillis.

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PE Firms Adapting Hospice ‘Roll-Up’Strategies

Hospice News

This occurs when a firm buys a larger platform company and then gradually acquires smaller organizations to foster growth. But in 2023, deal volume slowed across the board. They’re being more selective in what they’re buying.” One major contributing factor to the exit-deal slump is rising interest rates.

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Hospice M&A Market to ‘Return to Sanity’ in 2025

Hospice News

The industry saw a flurry of M&A activity in 2019 and 2020, with record high valuations and deal volume. The previous buy, buy, buy mentality among hospice investors has morphed into a more disciplined strategic approach, according to New Day Healthcare LLC CEO G.

2025 279
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2025 Could See Uptick in Hospice M&A, Less ‘Deal Fatigue’

Hospice News

Hospices seeking a potential sale have varying “playbooks” for how a deal is structured, weighing many operational and financial considerations alongside care delivery impacts, Warren said at the National Association for Home Care & Hospice’s (NAHC) Financial Management Conference in Las Vegas.

2025 290
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Hospice Attorneys: Regulatory Deck Stacked Against New Amid ‘Wide Net’ of Oversight

Hospice News

Weve been dealing with [hospices saying] CMS looked at a very small sample of claims and is now going to revoke their provider number, and thats everything. The compliance lessons learned by hospices could help fuel future care delivery and business decisions, including those related to buying or selling off programs, he stated.

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How Hospice Valuations Are Shaping Up in 2024

Hospice News

A surge of deals in 2021 and 2022 led to record-high valuations in the space with multiples reaching in excess of 30x in some instances. But deal volume has largely declined in late 2023 and early 2024, and valuations are starting to come down. However, this doesn’t mean that buying a hospice is a bargain-basement transaction.

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How PE Firms Are Adjusting Hospice Exit Strategies in a Shifting Market

Hospice News

But this year, deal volume slowed across the board. When PE buys at a high valuation level — and now the marketplace has cooled down, and those valuations have dropped significantly — it’s hard to exit, because you still have to make a return on your investment from two and three and four years ago,” Kulik told Hospice News.

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