Hospice News

SEPTEMBER 19, 2024

The relatively high rates during the past two years are among the factors contributing to an M&A slump in the hospice market, in which deal volume has slipped significantly from the record numbers of transactions in 2020 and 2021. The Federal Reserve cut interest rates by 0.5% The rate reduction — from close to 5.5%

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Hospice News

JUNE 28, 2024

Amedisys (NASDAQ: AMED) has divested a number of home health locations in a sale to VitalCaring. VitalCaring also acquired some Unitedhealth Group (NYSE: UNH) care centers in the deal. A federal court eventually allowed that deal to proceed. Financial terms were undisclosed. Securities & Exchange Commission (SEC).

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Hospice News

MAY 9, 2024

Dallas-headquartered Enhabit has been mulling a potential sale since investors floated the idea in June 2023. acquisition of LHC Group in February 2023, with the company also inking a deal to purchase Amedisys Inc. Hospice will remain a core piece of Enhabit Inc.’s NASDAQ: AMED) for $3.3 billion last June. “We

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Hospice News

DECEMBER 22, 2023

Only three hospice deals took place in the third quarter of this year compared to 11 in Q3 2022 and 18 in the same period in 2021, according to data from the M&A advisory firm The Braff Group. Our outlook for 2024 health services deals is cautiously optimistic. “Our This includes the $5.4 This includes the $5.4

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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 sale to Addus expected to close following customary regulatory approvals. “A NYSE: HUM) for $2.8

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Hospice News

JUNE 13, 2023

NYSE: EHAB) is urging the hospice and home health provider to consider a “full and fair sale process.” of the shares of Enhabit – brought up the sale idea in a letter sent to the provider’s board of directors. billion deal to acquire LHC Group in February. A minority investor in Enhabit Inc. million, with $49.3

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Hospice News

JANUARY 31, 2024

That takes a while to do, but we didn’t really want to start adding on big deals on top of the chassis we were building until we felt good about having a strong enough foundation. I think we’re going to see a couple of deals that kind of reset what the market is, especially for sizable transactions.

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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

AUGUST 10, 2023

NYSE: EHAB) has announced plans to launch a strategic review process that could result in a potential sale. Enhabit’s board and management team are weighing the impacts and outcomes of a potential sale, though no plans have been solidified, according to Jacobsmeyer. billion deal to acquire LHC Group in February. Enhabit Inc.

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Hospice News

MAY 24, 2024

The statement detailed the company’s recent decision not to pursue a sale, merger or other strategic alternative. Last August AREX urged the company to consider a full and fair sale process. billion acquisition of LHC Group in February 2023, with the company also inking a deal to purchase Amedisys Inc. NASDAQ: AMED) for $3.3

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Hospice News

MARCH 8, 2024

Other provisions appeared in the 2024 home health final rule, which among other things prohibits the sale of a new hospice within 36 months. Only three hospice deals took place in the third quarter of this year compared to 11 in Q3 2022 and 18 in the same period in 2021, according to data from the M&A advisory firm The Braff Group.

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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. The sale price amounts to $30.50 The post CVS Health to Acquire Signify Health in $8 billion Deal appeared first on Hospice News. per share in cash.

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Hospice News

JULY 6, 2022

Myers, LHC Group’s chairman and CEO when the deal was announced. The questions on wage bargaining for home health workers is the FTC’s second request for information about the deal, Seeking Alpha reported , citing Dealreporter. The companies expect the deal to close in the third quarter of this year.

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Hospice News

JULY 21, 2023

The last time we had this low-projected level of activity was in 2017, where just 19 hospice deals that year.” This volume is “well-below” the 40 hospice deals that took place during the same period in 2022, as well as the 67 transactions that occurred in the first half of 2021 — a “record year,” he said.

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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 10, 2022

In its calculus behind its 2021 Kindred at Home deal, Humana Inc. While generally perceived as smart moves, these deals were not necessarily easy decisions, according to Humana CFO Susan Diamond, speaking at the Bank of America Securities annual Healthcare Conference in Las Vegas. Humana anticipates the sale to value at $3.4

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Hospice News

MAY 15, 2023

Grasping the mix of objective and subjective forces fueling hospice valuations is key to maximizing a return on investment when considering a sale, according to dealmaking experts. Interest rates, inflation and other global economic factors all can influence hospice deals, he added. Or is there a risk that it falls apart?”

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Hospice News

FEBRUARY 22, 2023

billion deal today to acquire LHC Group (NASDAQ: LHCG). Securities and Exchange Commission (SEC) that the deal had been completed and that it would no longer be trading on the NASDAQ. The company’s board and executive leaders began discussions of a possible sale beginning in November 2021. The post [UPDATED] Optum Closes $5.4

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Hospice News

APRIL 19, 2023

The Summit transaction is the first sign that LHC Group is still in the M&A game following the Optum deal. Historically a major buyer in the space, this could signal a resurgence in activity for the Louisiana-based provider, particularly as the volume of private equity deals starts to slump due to rising interest rates and other factors.

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Hospice News

DECEMBER 12, 2022

Though hospice deal volume dipped in 2022 compared to previous years, five particular transactions could paint a larger picture of where investors see value in the space. These interesting, unusual or groundbreaking deals could signal what’s to come in 2023 and help shape the hospice market’s long-term future. This was Humana Inc.’s

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Hospice News

AUGUST 25, 2022

Regulators have kept a close watch on hospice deals as merger and acquisition activity swells in the space. Buyers want to make deals that won’t put them at legal or financial risk. Buyers want to make deals that won’t put them at legal or financial risk. This includes the U.S. Kulik continued with an example.

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Hospice News

MARCH 26, 2024

Only three hospice deals took place in the third quarter of this year compared to 11 in Q3 2022 and 18 in the same period in 2021, according to The Braff Group. Other provisions appeared in the 2024 home health final rule, which among other things prohibits the sale of a new hospice within 36 months.

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Hospice News

JUNE 22, 2022

Optum announced the forthcoming deal in April. Myers, LHC Group’s chairman and CEO when the deal was announced. LHC Group’s board and executive leaders began discussions of a possible sale beginning in November 2021. The post LHC Group Shareholders Vote in Favor of UnitedHealth Group Deal appeared first on Hospice News.

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Hospice News

AUGUST 2, 2024

This is coupled with a drive towards volume growth and increasing recurring revenue through quality, sales and marketing efforts and the establishment of de novos and acquisitions. The Haven deal] is a good example of how we’re very opportunistic on M&A and the types of transactions we will do.

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Hospice News

NOVEMBER 2, 2022

billion sale of a 60% stake in Kindred at Home’s hospice and personal care businesses to the private equity firm Clayton, Dubilier & Rice. The insurance company is applying the proceeds of the sale primarily to debt reduction, according to Humana CFO Susan Diamond. “We Humana in August completed its $2.8

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Hospice News

MAY 12, 2022

After taking a short break to focus on integration of its late 2021 acquisitions, Aveanna is back on the lookout for additional deals. . We will continue to remain disciplined in our approach to transactions focusing only on those deals where price consideration and synergies produce accretion for our shareholders.”. “We

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Hospice News

MARCH 3, 2023

Transaction volume dipped during 2022, specifically when it came to large platform deals by private equity firms. 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

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. VITAS’ net revenue reached $354 million in Q1, up 14% from the prior year’s period.

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Hospice News

JULY 5, 2022

Underlying demographic trends continue to fuel these deals, according to Jake Vesely, senior associate, and Kevin Palamara, managing director at Provident Healthcare Partners. For comparison, deals in physician service areas such as ophthalmology, gastroenterology and orthopedics reached 17, 14 and 13, respectively.

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Hospice News

JULY 6, 2023

Deal volume thus far in 2023 is down 50% to 60% from the previous two years, Cory Mertz, managing partner at M&A advisory firm Mertz Taggart, said at the HI2 Conference in Chicago. Also of interest to the home-based care space is the sale of Signify Health (NYSE: SGFY) to CVS Health (NYSE: CVS) for $8 billion. This includes the $5.4

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Hospice News

JANUARY 7, 2025

Amedisys planned to move forward with the VitalCaring divestiture in order to mitigate federal antitrust concerns surrounding its sale. The potential divestiture of some of its home health and hospice assets could help facilitate the completion of its sale to Optum by the end of 2025, according to the analysts. Last summer, the U.S.

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Hospice News

JUNE 30, 2022

This helped to launch the Health Care Market Oversight program, designed to ensure that business deals, mergers and acquisitions do not result in reduced access to affordable, equitable health care. The post CDR Asks State to Approve Sale of Two Oregon Kindred at Home Locations appeared first on Hospice News.

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Hospice News

JANUARY 11, 2023

Members were moving to MA and we just were not on very many plans, which restricted our sales team and restricted our growth.”. Members were moving to MA and we just were not on very many plans, which restricted our sales team and restricted our growth.”. When we look at 2023, it’s really with that lens of growth,” Jacobsmeyer said. “To

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Hospice News

OCTOBER 12, 2022

Walgreens Boots Alliance (NASDAQ: WBA) is putting the pedal to the metal in its $392 million deal to secure full ownership of home-based care company CareCentrix. CareCentrix delivered pro forma sales of $1.5 billion during fiscal year 2021, WBA reported. This transaction deepens WBA’s reach into the home-based care space.

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Hospice News

MARCH 14, 2023

Agenda advised Safe Harbor in the Legacy deal. Safe Harbor began exploring a potential sale back in 2020, Veach indicated. Legacy Hospice has expanded in Missouri by acquiring Safe Harbor Hospice for an undisclosed sum. Safe Harbor’s 13-county service region builds on Legacy’s footprint in southeastern Missouri.

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Hospice News

APRIL 21, 2022

billion sale price reflects a multiple of 12x the company’s projected 2022 adjusted EBITDA. Though Humana has not voiced any future plans beyond the current sale, theoretically the door remains open to buy back the 60% stake if hospice becomes more integrated into risk-bearing payment models like Medicare Advantage.

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Hospice News

JULY 18, 2024

The Signature deal was five years in the making, according to the company’s President and COO John Gochnour. As some leaders from Signature began to reach retirement age, they began considering a potential sale. “We The Pennant Group purchased some of Signature’s assets in 2019. their owners are at retirement age.

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