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Publicly Traded Hospice Companies Poised for Deals

Hospice News

The nation’s publicly traded hospice companies are primed for more acquisitions after a 2023 slump, fueled by census and growth. Transaction volume declined in the hospice and home-based care space in 2023, following the two record-breaking prior years. Financial terms were not disclosed in these deals.

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The Public Hospice Companies Most Likely to Acquire in 2024

Hospice News

The company was among the most prolific hospice buyers last year and has established growth through acquisitions as a key strategy. The Pennant Group acquired five Medicare hospice provider numbers during the past six months, which accelerated growth for its home-based care segment.

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As Headwinds Rage, Large Hospice Companies Lay Groundwork for Potential 2023 Growth

Hospice News

This year brought the return of Medicare sequestration, and pandemic-driven disruption in referral streams are lingering. The post As Headwinds Rage, Large Hospice Companies Lay Groundwork for Potential 2023 Growth appeared first on Hospice News.

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1 at Large, 1 Facing 10 Year Imprisonment in California $30M Hospice Fraud Scheme

Hospice News

A hospice physician in California is facing up to a decade in prison after pleading guilty for their involvement in a kickback fraud scheme that bilked Medicare of nearly $30 million. Contreras served as a physician for two Pasadena-based providers, Saint Mariam Hospice Inc. and Arcadia Hospice Provider Inc.

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Blue Sky Hospice Medical Director Convicted of $2.8M Hospice Fraud

Hospice News

John Thropay, a hospice medical director, on charges of health care fraud in a $2.8 Thropay was the medical director of several hospice companies, including Blue Sky Hospice, based in Van Nuys, California. million scheme. Justice Department indicated. “In The former medical director will be sentenced on May 28.

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FBI Arrests 5 in $15M Hospice Fraud Plot

Hospice News

Petros Fichidzhyan, Juan Carlos Esparza and Karpis Srapyan allegedly owned and operated a series of sham hospice companies that they falsely claimed were owned by “foreign nationals,” according to the U.S. Justice Department.

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CMS 2025 Proposed Rule Signals Changes to Quality Measurement, Omits Program Integrity Actions

Hospice News

The 2025 proposed hospice rule is raising some questions along with payment rates. Centers for Medicare & Medicaid Services (CMS) proposed a 2.6% increase in hospice per diems for 2025. We know that hospice care has demonstrated $3.5 Hospice care saves Medicare roughly $3.5

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