Hospice News

AUGUST 6, 2024

The Gentiva acquisition is currently undergoing standard regulatory review processes, and the deal is projected to complete in the fourth quarter of this year, according to Dirk Allison, chairman and CEO of Addus. The post Addus Pulling Back on Hospice Deals appeared first on Hospice News. Addus’ hospice census rose 1.7%

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Hospice News

AUGUST 22, 2024

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.

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Hospice News

MAY 24, 2024

Now, the company may be poised for more deals, Michael Witzeman, vice president, CFO and controller at Chemed said during the Bank of America Securities Health Care Conference. “We Financial terms were not disclosed in these deals. The post Publicly Traded Hospice Companies Poised for Deals appeared first on Hospice News.

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Hospice News

AUGUST 31, 2023

The last five years saw record-breaking multiples in the hospice space and private equity-backed platform deals were among the most common types of transactions. The majority of the 13 publicly announced hospice and home health deals in 2023 have involved “bolt-ons,” or smaller entities, Kulik stated. A number of trends have shifted.

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Hospice News

JULY 11, 2024

This deal is a great example of that.” The deal is expected to contribute an incremental 13% boost to Pennant’s revenue, coupled with a 25% increase in home health admissions and a 3% jump in hospice ADC, according to Scott Fidel, analyst for Stephens, in a research note.

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Hospice News

JANUARY 14, 2025

In April, VITAS acquired Covenant Health and Community Services hospice operations as well as one assisted living facility in an $85 million deal. Now, the company is seeking out other targets, with an emphasis on Certificate of Need states.

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Hospice News

AUGUST 7, 2024

The post The Pennant Group Leverages Partnerships, Deals to Spur Expansion appeared first on Hospice News. The Pennant Group agreed to acquire Signature Healthcare at Home’s hospice and home health assets for a price tag of $80 million.

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Hospice News

SEPTEMBER 7, 2022

The massive deal follows a months-long bidding process that included Amazon (NASDAQ: AMZN) and UnitedHealth Group (NYSE: UNH) as prospective buyers, among others. Sweetening the deal is the opportunity for CVS to leverage Signify’s tech platform, including those developed by Accountable Care Organization (ACO) management firm Caravan Health.

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Hospice News

JUNE 10, 2024

Post-transaction, Addus will continue with a leverage ratio of less than 3x, with the ability to further that amount with the influx of revenue resulting from this deal, Addus Chairman and CEO Dirk Allision said in a statement. “We The post Addus to Acquire Gentiva’s Personal Care Business in $350M Deal appeared first on Hospice News.

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Hospice News

NOVEMBER 13, 2024

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. An estimated six hospice deals took place in Q3, with six home health and 11 home care also completed, Mertz Taggart reported.

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Hospice News

NOVEMBER 8, 2023

These deals expanded the home health, hospice and senior living company’s presence in California, Arizona, Oklahoma and Texas and include a mix of existing operations as well as license purchases. Among the deals was the purchase of Guardian Hospice and Guardian Hospice of Oklahoma for an undisclosed amount earlier this month.

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Hospice News

JULY 17, 2024

The Amedisys deal is among a slew of large acquisitions by Optum, which include the home health and hospice provider LHC Group and the health care tech company Change Healthcare. The post Optum Fuels Growth for UnitedHealth Group with Amedisys Deal in the Wings appeared first on Hospice News. Optum closed its $5.4

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Hospice News

FEBRUARY 28, 2025

Among those deals was The Pennant Groups acquisition of Signature Healthcare at Homes hospice and home health assets for a price tag of $80 million which closed in January. Pennant is on the hunt for more deals but will likely be more active later in the year. Pennants revenue growth has positioned the company well for more deals.

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Hospice News

NOVEMBER 17, 2022

Despite a slowdown this year, deal volume in hospice M&A remains strong and continues to outpace other health care sectors. The prior two years saw hospice deal record highs in terms of volume and valuations, propelled by favorable demographics, rising demand for care in the home, and the promise of health care cost savings.

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Hospice News

DECEMBER 11, 2024

The financial terms of the deal were undisclosed. The deal marks an important strategic move as New Day Healthcare ramps up M&A activity in the near future, according to CEO and Founder G. Our pipeline for future deals is robust, and we are excited heading into 2025.

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Hospice News

JANUARY 15, 2025

An estimated six hospice deals took place in Q3 of last year, with six home health and 11 home care also completed, Mertz Taggart reported. Private equity transactions represented half of these deals.

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Hospice News

JUNE 28, 2024

VitalCaring also acquired some Unitedhealth Group (NYSE: UNH) care centers in the deal. The Amedisys deal is among a slew of large acquisitions by Optum, which include the home health and hospice provider LHC Group and the health care tech company Change Healthcare. A federal court eventually allowed that deal to proceed.

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Hospice News

AUGUST 1, 2023

The deal makes Tennessee the third state in which Addus offers all three of its core services, along with New Mexico and Illinois. The post Addus Completes Tennessee Quality Care Deal, Anticipates More Transactions appeared first on Hospice News.

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Hospice News

NOVEMBER 11, 2024

The M&A advisory firm Agenda Health consulted on the deal. The deal will add 70 patients to Eden’s average daily census. Through the transaction, A Plus Hospice Care patients will have access to Eden Health’s additional services, including home health, home care and palliative care.

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Hospice News

FEBRUARY 20, 2025

The deal, New Days 13th to date, expands the companys personal care services division into five additional counties in the Houston metro area. More deals are likely on the way for New Day, actress all of its business lines. The operation will continue to operate under its current brand, and the entire staff will remain in place.

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Hospice News

JANUARY 3, 2025

Pennant closed the deal on seven of Signatures Oregon locations on Jan. The deal is expected to contribute an incremental 13% boost to Pennants revenue, coupled with a 25% increase in home health admissions and a 3% jump in hospice ADC, Scott Fidel, analyst for Stephens, stated in a research note. The Pennant Group Inc.

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Hospice News

NOVEMBER 11, 2024

The deal includes Intrepid’s hospice assets in Joplin and Springfield, Missouri, as well as its locations in Beaumont, Texas. New Day Healthcare has additional strategic growth plans in store once the acquisition completes, with more deals on the near horizon in coming months according to CEO and Founder G.

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Hospice News

NOVEMBER 7, 2024

Given the Medicare rate increases for FY25 in home health and hospice, the company is expected to see forward momentum alongside EBITDA expansion, partly related to its pending Optum deal, according to the Jeffries analysts. Most recently, the DOJ postponed meeting with Amedisys to discuss any decisions until after the presidential election.

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Hospice News

JANUARY 27, 2025

The deal brings much needed support to providers and patients alike, according to Dr. Brandon Anderson, internal medicine resident physician at Kaiser Permanentes San Francisco Medical Center. The biggest benefit of this deal is recognizing that without advocating for providers and ensuring theyre protected, were harming our patients.

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Hospice News

DECEMBER 9, 2024

Department of Justice has sued to block the deal, citing workforce, labor and payer concerns. Meanwhile, Addus HomeCare Corporation (Nasdaq: ADUS) and Gentiva also completed one of the largest deals of the year. VITAS has indicated in earnings calls that it will be on the hunt for additional deals in 2025.

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Hospice News

NOVEMBER 5, 2024

Addus has pulled back on deals while the company awaits the close of its recent purchase of Gentiva’s personal care segment, set to complete in the fourth quarter, Allison indicated. The company projects a leverage ratio of less than 3x, with the ability to further that amount with the influx of revenue resulting from the Gentiva deal.

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Hospice News

MAY 3, 2023

Billion Deal appeared first on Hospice News. The company’s hospice segment accounted for $193.4 million, a slight increase from $193.1 million in Q1 2022. This is a developing story and will be updated. The post Amedisys to Merge with Infusion Services Provider Option Care Health in $3.6

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Hospice News

FEBRUARY 14, 2025

It’s helping people realize that running to the emergency room might deal with a symptom, but it’s not going to prevent the outcome of death. It’s dealing with the very practical needs of the patient and the family to provide some comfort and strength for endurance, just for the long haul.

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Hospice News

SEPTEMBER 1, 2023

So I’m gonna give you a good deal if you can close within a certain number of days.” There are folks who would take that deal. The post Attorney Ari Markenson: 36-Month Rule Will Have Cooling Effect on Hospice Deals appeared first on Hospice News. And they may say to you, “I’ve got my state license.

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Hospice News

FEBRUARY 11, 2025

billion deal. DOJ in December 2024 filed the lawsuit to kill the deal. But even if DOJ succeeds in blocking the deal, an M&A turndown is unlikely, according to Tyler Geisting, director of the transaction consulting firm West Monroe. The UnitedHealth Group subsidiary Optum in June 2023 agreed to acquire Amedisys in a $3.3

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Hospice News

MARCH 3, 2025

The reimbursement problem also creates additional burden for staff who have to deal with the billing, claims denials and other related issues, Robert Love, executive director of Butte Home Health and Hospice, indicated. Lack of education about hospice among health plans is a key factor, Love said.

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Hospice News

NOVEMBER 13, 2024

In April, VITAS acquired Covenant Health and Community Services’ hospice operations as well as one assisted living facility in an $85 million deal. We are fairly optimistic on a pipeline of potential Covenant-size deals, but there are a few hurdles from an internal perspective that we would certainly want to keep in mind. “The

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Hospice News

NOVEMBER 4, 2024

The deal marks Mission’s first foray into the hospice space. Mission is a nonprofit provider of nursing home, assisted living, short term care, memory care and therapy services. The M&A advisory firm Agenda Health facilitated the transaction. Financial terms were undisclosed.

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Hospice News

FEBRUARY 10, 2025

While most care is provided wherever a patient calls home, we [also] have nine hospice inpatient units, which really serve to support patients that might be dealing with pain management issues or the family needs respite. Where we started providing care is with adult and pediatric hospice and palliative care.

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Hospice News

FEBRUARY 12, 2025

Due to this decentralized model, local agencies held by Pennant have a great deal of flexibility when it comes to how they deliver palliative care, according to Jason Steik, chief clinical officer at Pennant. The company currently holds 115 hospice and home health agencies and 54 senior living providers as independent subsidiaries.

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Hospice News

NOVEMBER 8, 2024

Private equity transactions represented half of all home health and hospice deals in 2018 and 2019, resulting in a 300% increase in patients enrolled under PE-backed providers, according to research published in the Journal of Palliative Medicine. But research has found that the tide is shifting.

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Hospice News

DECEMBER 4, 2024

A good deal of legal, ethical and logistical work goes into whether these drugs can be used for medicinal and symptom relief purposes, including in-person versus virtual avenues of prescribing.

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