Hospice News

APRIL 19, 2024

Improving education and training for family caregivers may give hospices’ quality scores a boost. Maryland-based Hospice of the Chesapeake has introduced a standardized caregiver training program designed to enhance the work they had previously done in this area.

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Hospice News

DECEMBER 13, 2023

VITAS Healthcare Expands Hospital-Based Inpatient Hospice Center Chemed Corp. NYSE: CHE) VITAS Healthcare recently expanded its inpatient hospice care unit at the Florida-based Broward Health Medical Center. Miami-based VITAS has provided community- and facility-based hospice care in the Broward County area since 1980.

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Hospice News

MARCH 15, 2024

Senior living and health care services operator The Dover Companies has launched a home health and hospice business branded as Dover Health. Its parent organization also operates senior living, pharmacy, development, independent living, personal care, assisted living and memory care businesses, among others.

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Hospice News

NOVEMBER 1, 2023

The hospice, palliative care and personal care provider Gentiva has acquired the hospice, home health and palliative assets of the nonprofit health system ProMedica. Heartland Hospice is headquartered in Toledo, Ohio, with locations in 26 states. NYSE: HUM) for $2.8

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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

SEPTEMBER 15, 2023

Technology and service diversification are two levers driving innovation in an evolving hospice landscape. Virtual care delivery processes are playing a key role in hospices’ ability to support both patients and staff as end-of-life care expands further upstream. The solution is to redefine it.

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Hospice News

NOVEMBER 9, 2023

Though hospice is a smaller segment for Aveanna Healthcare Holdings Inc. Aveanna’s home health and hospice segment has had mixed results thus far this year, but saw recent improvement, along with its other service lines, last quarter. It provides home health, hospice, private duty and personal care. million, a 6.3%

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Hospice News

AUGUST 31, 2023

Thus far in 2023, hospice merger and acquisition activity has deviated from prior years. 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. A number of trends have shifted. billion , which closed at the end of 2022. “The

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Hospice News

FEBRUARY 27, 2024

NASDAQ: ADUS) saw hospice growth in 2023, despite lingering pandemic-related challenges around daily census. The company anticipates growth in its personal care business in 2024, which will have a reverberating impact in its hospice and home health service lines. Addus HomeCare Corp. million in the fourth quarter, an 11.9%

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Hospice News

MARCH 14, 2024

NASDAQ: AVAH) has seen improvement within its hospice and home health segment. The last two years have brought some turbulence in Aveanna’s hospice and home health admissions and revenues. The business we’re most proud of is the rebound of our home health and hospice business,” Shaner said in today’s earnings call. “A

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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

MARCH 13, 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! d/b/a/ Covenant Care, provides hospice across six cities in the panhandle and northwest region of Florida and in three markets across southeast Alabama.

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Hospice News

MAY 10, 2023

Hospices are increasingly eying palliative care as a promising growth opportunity, prioritizing expansion in that field over other health care service lines. Survey respondents included nearly 330 hospice and palliative care industry professionals, including owners, executive leaders and managers, among others.

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Hospice News

SEPTEMBER 7, 2023

Chicago-based NorthShore–Edward-Elmhurst Health is expanding its partnership with Residential Home Health and Hospice. But now, Residential Hospice will act as a preferred provider of hospice services at the health system, NorthShore indicated in a press release.

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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

FEBRUARY 27, 2023

The hospice, palliative care and personal care provider Gentiva has agreed to acquire Heartland Hospice and other assets from the home-based care company ProMedica. The Atlanta-based provider emerged from the former hospice and personal care segments of Kindred at Home. Census Bureau.

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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

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

AUGUST 2, 2022

Bolstered by recent acquisitions, Addus Homecare’s (NASDAQ: ADUS) hospice segment is holding its own against labor headwinds and inflation. For example, the company’s $85 million acquisition of Illinois-based hospice provider JourneyCare Inc., million, with hospice accounting for 20%, CFO Brian Poff reported in the earnings call.

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Hospice News

MARCH 22, 2023

When retiring hospice nurses are ready to pass the torch, often no one is there to take it. A dearth of nursing educators is contributing to hospice workforce shortages, leading providers to compensate by expanding in-house training programs. Currently, nursing schools and hospices are experiencing some of the same difficulties.

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Hospice News

MARCH 17, 2023

More hospices are going green, making short-term investments to cultivate long-term sustainability. Among these companies is Agrace Hospice & Supportive Care, which unveiled an initiative last October to become carbon neutral by 2025, according to President and CEO Lynne Sexten. Amedisys, Inc.

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Hospice News

APRIL 13, 2023

Justice Department has indicted Eduardo Lopez, a former hospice executive and current senior vice president of a private equity firm, for violations of the Sherman Act. Lopez held overlapping executive roles at multiple hospices in the Las Vegas area. These were just some of Lopez’s other hospice executive positions.

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Hospice News

NOVEMBER 8, 2022

Hospices are beginning to leverage technologies used to identify eligible patients in need to recruit and retain staff amid ongoing workforce shortages. Hospices are now applying those tools to help relieve industry-wide labor pressures. Hospices are now applying those tools to help relieve industry-wide labor pressures.

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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

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 3, 2023

Gentiva’s recent $710 million acquisition of ProMedica’s hospice and home-based care assets bucks prevailing trends in today’s M&A market. NYSE: GS), a representative for Gentiva told Hospice News’ sister publication Skilled Nursing News. billion divestiture of Kindred at Home’s hospice and personal care segments.

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Hospice News

MARCH 21, 2023

While compensation is an important factor for attracting and keeping staff, hospices need to consider other crucial aspects. Employee benefits, a career path, organizational culture and leadership engagement also weigh into workers’ decisions to join, stay or leave a hospice.

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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

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

APRIL 3, 2023

Through the JV, the two health care organizations are combining their home health and hospice operations in south Texas to form a new entity. AccentCare will take the lead on managing the home-based care business. Last year Memorial Hermann launched a JV with Contessa, the palliative care service arm of Amedisys (NASDAQ: AMED).

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Hospice News

JULY 28, 2023

Payers and private equity investors are among the new entrants stepping deeper into the hospice space. The hospice industry has seen a swath of new entrants amid record-level transaction volume and soaring valuations in recent years. Private equity deals represented nearly 22.2%

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Hospice News

FEBRUARY 7, 2023

She became a hospice nurse for By the Bay Health in 1996, then named Hospice of Marin, taking on various roles in clinical leadership throughout her more than 27-year tenure. “It Previously known as Hospice by the Bay, the organization rebranded in 2021 to reflect a broadening scope of services.

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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

JANUARY 25, 2023

Hospices are increasingly leveraging technology and pharmaceutical partnerships to better address the needs of patients and families and improve financial and operational efficiencies. Hospices have leaned heavily on technology during the pandemic, turning to telehealth to remain connected to patients and their families.

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Hospice News

JANUARY 4, 2024

Hudson Valley Hospice Opens New Inpatient Center New York-based Hudson Valley Hospice has opened a new inpatient facility that will serve two counties in its home state. Patients who otherwise would be housed in facilities ill-equipped to correctly handle the complexities of end-of-life care.”

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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

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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