Hospice News

SEPTEMBER 30, 2022

Rising demand and demographic tailwinds are propelling rapid growth in both the hospice and palliative care markets. These markets are growing partly because of demographic trends and partly because of increasing acceptance of both palliative and hospice,” Tanquilut told Hospice News. “As billion by 2030, a rise from $34.5

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Hospice News

MARCH 8, 2023

High valuations have led Addus HomeCare (NASDAQ: ADUS) to pivot towards personal care and home health deals rather than hospice acquisitions. Hospice multiples broke records in 2020, 2021 and 2022, reaching as high as 29x. Hospice is still very expensive. Addus began as a personal care provider in 1979.

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Hospice News

JANUARY 19, 2024

Though the number of hospice M&A deals plummeted in 2023 compared to prior years, deals are still being made, and the industry may see a rebound in 2024. Transaction volume declined in the hospice and home-based care space in 2023, following the two record-breaking prior years. This followed its $5.4 NYSE: HUM) for $2.8

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Hospice News

JANUARY 11, 2023

Ohio-based Queen City Hospice, an Addus Homecare (NASDAQ: ADUS) company, recently opened a new location in its home state. The new location in Fayetteville, Ohio, adds a central office in a rural region of the hospice’s service area that will reduce staff travel time. Centers for Medicare & Medicaid Services (CMS).

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Hospice News

NOVEMBER 2, 2022

As the dust settles from its divestiture of Kindred at Home’s hospice and personal care segments, Humana Inc. NYSE: HUM) seeks to further expand into value-based care as both a provider and a payer. Kindred Hospice pushed up Humana’s Q3 operating costs by roughly 160 basis and 200 basis points year-to-date.

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Hospice News

FEBRUARY 12, 2024

Once among the nation’s largest home health and hospice providers, Humana Inc. The following year, the insurance giant divested Kindred’s hospice and personal care segments, selling a 60% stake to the private equity firm Clayton, Dubilier and Rice (CDR) for $2.8 We’re not charging Medicare for a visit.

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Hospice News

JANUARY 11, 2024

Fortis Health has acquired Indiana-based Physiocare Home Health and Hospice. Their culture and approach to quality patient care are a great fit with what we have established at Fortis Health.” The company also operates Valeo Home Health and Hospice and Select Home Health, which Grant Avenue acquired in late 2020 and 2021, respectively.

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Hospice News

NOVEMBER 16, 2023

“The LIFE program is a great example of Empath Health Full Life Care,” President and CEO Jonathan Fleece said in an announcement shared with Hospice News. “We We meet seniors where they are, providing the support and health care they need to maintain their quality of life in their homes, all the while helping guide their caregivers.”

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Hospice News

JANUARY 19, 2023

Hospice and behavioral health care could increasingly intersect in coming years as demand for specialized care grows. But the prevalence of mental health conditions and related concerns like isolation and substance abuse mean that hospice and behavioral health providers may need to find more ways to integrate their services.

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Hospice News

OCTOBER 4, 2022

has acquired Trio Home Health Care and Hospice, growing its reach in the Lone Star State, which is a key focus area for the company. This latest acquisition fills our quest to expand our geographic footprint within our primary service areas,” said Jet Health CEO Stace Bratcher in a statement shared with Hospice News.

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Hospice News

AUGUST 11, 2022

billion sale of Kindred at Home’s hospice and personal care segments, divesting a 60% stake to the private equity firm Clayton, Dubilier & Rice. Kindred at Home is the largest provider of home health services by market share in the United States and the second-largest hospice provider, according to LexisNexis.

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Hospice News

FEBRUARY 28, 2023

That path will divert more toward home health and personal care – and less in the direction of hospice – as 2023 progresses. The company added to its clinical workforce with 80 new hires during the fourth quarter, with hospice hiring especially strong. Addus’ hospice census rose along with the company’s staffing volumes.

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Hospice News

JANUARY 25, 2023

Forging partnerships with health systems and physician groups has become a cornerstone of AccentCare’s growth strategy as it seeks to expand the breadth of this post-acute care services. The company operates more than 260 locations in 31 states, caring for 210,000 patients and families annually.

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Hospice News

APRIL 11, 2023

Hospices are leveraging predictive analytics to get a clearer picture of their performance amid regulatory pressures. Hospices have relied on data to enhances their ability to assess the quality and quantity of bedside care delivered during a patients’ final days.

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Hospice News

MARCH 1, 2024

In case you missed it, Hospice News has launched a new specialty publication for palliative care professionals. You can subscribe to Palliative Care News here: Subscribe today! Frontpoint Health has completed its acquisition of the Texas-based home health and hospice company High Plains Senior Care Group (HPSC).

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Hospice News

APRIL 21, 2022

(NYSE: HUM) has signed a definitive agreement to sell a 60% stake in Kindred at Home’s (KAH) hospice and personal care business to the private equity firm Clayton, Dubilier & Rice (CDR) for $2.8 billion — and quickly announced plans to divest the hospice segment. Hospice partnership vs.ownership.

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Hospice News

JUNE 17, 2022

Seriously ill patients can easily fall through the cracks in a fragmented health care system, leading to poorer outcomes and costly hospital stays and emergency department visits. Closing these gaps is a rising priority in payment model demonstrations by the Center for Medicare & Medicaid Innovation (CMMI).

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Hospice News

OCTOBER 11, 2023

Prior to Envision, Rechtin was president of OptumCare, a subsidiary of UnitedHealth Group (NYSE: UNH) and a major home health and hospice provider. All told, he has more than 22 years of experience with value-based health care and payment models, including Medicare Advantage, according to a Humana press release. billion deal.

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Hospice News

AUGUST 17, 2023

Washington-headquartered Family Resource Home Care recently acquired personal care provider Companion Care, Inc., Family Resource provides end-of-life, respite and personal care, along with services such as medication management, meal preparation, housekeeping, companionship and dementia support.

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Hospice News

SEPTEMBER 7, 2023

The program is designed to recognize up-and-coming industry members who are shaping the next decade of home health, hospice care, senior housing, skilled nursing, and behavioral health. Drake Jarman, senior vice president of growth of hospice at Amedisys Inc. NASDAQ: AMED) has been named a 2023 Future Leader by Hospice News.

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Hospice News

SEPTEMBER 28, 2022

In addition to traditional home-based services like hospice, home health, and personal care; community-based palliative care is on the rise, as are emerging high-acuity models like hospital-at-home and skilled nursing-at-home programs. Hospice rejection rates hit an all-time high of 41%.

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Hospice News

MARCH 20, 2023

Hospices are blazing trails toward growth, each provider with its own range of strategies. In 2023, the focus for many is to not only expand their core business but to spread further into the care continuum. By 2030, the hospice market’s total dollar value is expected to nearly double, reaching $64.7 billion, up from $34.5

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Hospice News

APRIL 11, 2024

Angela Hospice’s New Senior Living Inpatient Facility Michigan-based Angela Hospice recently unveiled plans to open a new inpatient center at a senior living facility. Set to open this summer, the hospice facility will feature 15 patient beds at Lourdes Senior Community in Waterford, Michigan. The William B. and Janet B.

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Hospice News

DECEMBER 21, 2023

Two of the nation’s largest hospice and home-based care industry organizations are merging and have announced a combined board that will guide the transition. Recently, many of those efforts have included advocacy around program integrity within the Medicare Hospice Benefit.

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Hospice News

JULY 24, 2023

On the heels of its $710 million acquisition of Heartland Hospice, Gentiva has opened a do novo in Mississippi. We will help others get the care they need and deserve at the end of their life. To me hospice is about allowing those at the end of life to gain the care, respect and dignity they deserve. s (NYSE: HUM) $2.8

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Hospice News

OCTOBER 4, 2022

Texas-headquartered Choice Health at Home has entered the personal care space with the acquisition of Instant Care of Arizona for an undisclosed sum. Initially established in 2008 as a rehabilitation service provider, Choice expanded into home health during 2012 and later into hospice in 2018. By 2050, nearly 2.5

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Hospice News

OCTOBER 7, 2022

The private equity firms Cimarron Healthcare Capital and Tacoma Holdings have recapitalized the home-based care provider Frontpoint Health. Frontpoint provides home health, hospice, palliative and personal care with a focus on Medicare Advantage enrollees in Texas markets. Financal terms were undisclosed.

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Hospice News

NOVEMBER 2, 2023

This article is based on a Hospice News discussion with Daniel Schwartz, Chief Strategy Officer at Elara Caring, Devin Woodley, VP of Managed Care Contracting and B2B Sales at VNS Health, Gavin Baumgardner, VP and National Medical Director for Complex and Palliative care at Amedisys, and Anthony Spano, Director of Client Development at Netsmart.

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Hospice News

NOVEMBER 4, 2022

The pendulum of investor interest has swung hard into the hospice market in recent years, but shifts in reimbursement could steer buyers towards home health. Uncertainty earlier this year around Medicare’s proposed 2023 home health payment rates led some stakeholders to expect a swerve towards hospice. The initially proposed 4.2%

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Hospice News

OCTOBER 5, 2022

The state is one of three in which Addus offers its trifecta of business lines — personal care, home health and hospice. This acquisition is commensurate with our growth strategy to leverage our strong personal care presence and add clinical services.”. Hospice utilization in the Illinois market reached 50.3%

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Hospice News

AUGUST 26, 2022

She returns to the company after nearly three years at the helm of San Diego-based The Elizabeth Hospice as its chief strategy officer. In her new role, she’ll oversee the company’s staff providing care across five counties in the state’s southern region. Kauai Hospice Recruits Retired Emergency Doc as Medical Director.

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Hospice News

SEPTEMBER 12, 2022

South Dakota-based Avera@Home recently formed a joint venture with personal care provider Kore Cares in a move that grew its service line and geographic reach in the state. Avera@Home Hospice offers hospice, home health and home medical equipment services throughout the Upper Midwest.

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Hospice News

JULY 19, 2022

For better or worse, the growing presence of large insurance companies in the hospice and home health provider space could be transformative for the industry. Two transactions demonstrate rising interest among payers in owning the home-based care assets that serve their beneficiaries. Hospice leaders have to remember why we are here.

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Hospice News

FEBRUARY 16, 2023

Amedisys yesterday announced a partnership with BlueCross BlueShield of Tennessee to cover those services, as well as a forthcoming divestiture of its personal care segment to HouseWorks — excluding its Florida operations. Hospice segment revenue fell to $197.6 For Q4, the company’s net service revenue rose by $2.7

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Hospice News

AUGUST 1, 2023

NASDAQ: ADUS) has completed the acquisition of the home health, hospice, and private-duty company Tennessee Quality Care for an undisclosed amount. With this transaction, we will also be able to expand our home health and hospice services into nine additional counties as we look ahead to de novo locations in the future.”

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Hospice News

AUGUST 29, 2023

Carelon is the health care services brand of the insurance company Elevance Health (NYSE: ELV), previously known as Anthem. CareMore, also an Elevance subsidiary, provides advanced primary care to more than 100,000 Medicare Advantage and Medicaid patients in nine states, as well as offering palliative care.

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Hospice News

JULY 29, 2022

SCAN Group is executing a service diversification strategy designed to identify and address unmet needs of the California-based Medicare Advantage Organization’s beneficiaries. For anyone who is frail or vulnerable, [addressing NEMT needs] is reducing one barrier to actually accessing care.

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