Hospice News
JANUARY 2, 2024
After a rocky year for M&A, two of the publicly traded hospice providers are poised to pursue more deals in 2024. Based on 2023 earnings trends, The Pennant Group (NASDAQ: PNTG) and Addus HomeCare Cop. The company was among the most prolific hospice buyers last year and has established growth through acquisitions as a key strategy.
Hospice News
FEBRUARY 21, 2023
Currently, nine of the company’s locations are hospices, with more expected in the coming years. Hospice is a smaller part of what we have today, but we’re excited to make that a bigger part and bring hospice into our other operating states. My roots are in home care. NYSE: EHAB). We’ll definitely see expansion.
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Hospice News
FEBRUARY 20, 2024
As hospices zero in on their investments in staff engagement and operational efficiencies, organizational culture is becoming a higher priority. Hospices nationwide are taking varied approaches around how they fuel staffing investments with sustainable growth in mind. 2024 Hospice News Outlook Survey and Report.
Hospice News
MARCH 8, 2024
Variations in hospice certificate of need (CON) state laws are raising program integrity concerns. What ends up happening in states without CON is actually lower hospice utilization with way too many hospices in one service area, and often fragmented care without all four levels of hospice offered,” Ponder-Stansel told Hospice News.
Hospice News
JUNE 8, 2022
As Addus HomeCare Corp (NASDAQ: ADUS) gears up for expansion, the company is focused on ensuring its workforce can absorb the growing capacity. . Hospice operators have relied on contract nursing to stay afloat during a time of worsening labor pressures, elevated turnover and rising demand for care. in Q1 to $226.6 in February.
Hospice News
SEPTEMBER 2, 2022
A turbulent economy and slight cool-down in deal activity early in the year have led some to question whether the record-high valuations for hospice assets will start to tumble. Thus, these assets have come at a premium in recent years, with hospice multiples r eaching as high as 29x in 2020.
Hospice News
JUNE 29, 2023
Addus HomeCare Corp. NASDAQ: ADUS) has reached an agreement to purchase the home health, hospice and private duty operator Tennessee Quality Care for $106 million. About 70% of its business is home health, including private duty, with hospice care comprising 30%. The company’s net service revenue reached $251.6
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