Hospice News

OCTOBER 19, 2023

Demographic tailwinds are pushing a wider range of stakeholders into the hospice and palliative care realms. The “audience of hospice buyers” has also included more senior care providers, private equity investors and payers seeking to own a greater piece of the health continuum, he said.

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Hospice News

NOVEMBER 10, 2023

Texas-based Choice Health at Home LLC has inked a deal to acquire Lumicare Hospice, growing its presence in two current markets while establishing services in a new state. among Medicare decedents in 2020, the National Hospice and Palliative Care Organization (NHPCO) reported. Financial terms of the deal were not disclosed.

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Hospice News

FEBRUARY 2, 2024

VNA provides a range of home-based services, including hospice care, Advanced Illness Management (AIM), community-based palliative care, private duty care, Visit-A-Bit, vaccination, wellness and music appreciation programs. The organization will now become part of SSM Health at Home. “I

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Hospice News

MAY 23, 2023

Approximately 14 hospice, home care and home health transactions were reported during the first quarter of 2023, according to recent data from Mertz Taggart. Among these trends is private equity activity in the space. Less than a handful (about 4 or 5) of these were hospice deals. However, deal volumes are still 20.4%

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Hospice News

MARCH 22, 2024

A group of seven nonprofit hospices has launched a palliative care organization branded as Integrity Care Partners. The founding organizations are each members of the Texas Nonprofit Hospice Alliance, a regional collaborative of which Integrity Care Partners is an extension.

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Hospice News

JANUARY 31, 2024

The Texas-based home health and hospice company VitalCaring Group was built largely through acquisitions, and the company expects to step up that strategy in 2024 with an emphasis on hospice. More transactions followed, with an initial emphasis on home health. I think you’ll see home health continue to slide.

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Hospice News

JANUARY 5, 2023

The number of hospice and home health deals fell by nearly a third last year, though a few “megadeals” have driven up transaction values. About 114 home health and hospice transactions occurred during the 12-month period ending Nov. Private equity firms have been voracious for hospice assets in recent years.

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Hospice News

NOVEMBER 9, 2023

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. Our home health and hospice business has been fixed internally. million, a 6.3%

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Hospice News

JANUARY 24, 2024

Wisconsin-headquartered Legacy Care Partners Inc. has acquired Superior Home Health and Superior Hospice of Texas. Combined, Superior’s home health and hospice businesses operate seven locations that serve 50 Texas counties and more than 500 cities. The company also provides care in Florida, Michigan and Wisconsin.

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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. Consolidation trends in hospice may continue to take shape as providers band together to build sustainable scale amid turbulent financial times, according to Zac Long, CEO of Well Care Health. billion and $5.4

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Hospice News

SEPTEMBER 19, 2022

While hospice and home health M&A continue to burgeon, non-medical home care is starting to slip out from under their shadows. Deal volume for non-medical home care companies outstripped that for hospice or home health during the first half of the year. The case for non-medical home care investment.

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Hospice News

OCTOBER 31, 2023

Though the acquisition market has slowed down this year for home-based care companies, Addus HomeCare Corp. The most prominent home-based care transactions so far this year have involved payers seeking to acquire large providers with multiple business lines. NASDAQ: ADUS) remains on the hunt. over the prior year. “We

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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

APRIL 2, 2024

Hospice and home health provider Charter Healthcare, a portfolio company of Pharos Capital, recently filed for Chapter 7 bankruptcy. As of February 2023, Charter provided hospice, home health, complex care management and palliative care services to nearly 13,000 patients. The company provided care under multiple brands.

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Hospice News

DECEMBER 6, 2023

Private equity firms typically turn around and sell an asset within three to five years post-acquisition. The presence of private equity firms in the hospice arena has expanded exponentially during the past several years. However, some may slow that cycle down in today’s economic environment. NYSE: HUM) in August 2022.

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Hospice News

OCTOBER 30, 2023

The Tennessee-based home-based care organization Compassus has appointed John Cullen as its new CFO, effective October 30. He previously served in the c-suites and boards of a number home health and hospice companies. Cullen comes to Compassus from Scripps Health, where he was vice president of corporate development.

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Hospice News

OCTOBER 11, 2023

His first-hand experience leading through challenges and opportunities of a changing health care services continuum will help accelerate our integrated care strategy at pace.” Prior to Envision, Rechtin was president of OptumCare, a subsidiary of UnitedHealth Group (NYSE: UNH) and a major home health and hospice provider.

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Hospice News

FEBRUARY 27, 2024

Florida-based nonprofit Alivia Care is focused on gearing up for value-based systems in 2024. Alivia Care came into existence in 2020 when Community Hospice & Palliative Care, now an affiliate, formed a larger company with a wider range of services. What are your biggest 2024 focuses, challenges and goals?

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Hospice News

JANUARY 19, 2024

Transaction volume declined in the hospice and home-based care space in 2023, following the two record-breaking prior years. Optum Health The appearance of Optum on this list is not a surprise as they’ve executed two of the largest hospice (and home health) deals in recent memory. This followed its $5.4 NYSE: HUM) for $2.8

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Hospice News

DECEMBER 13, 2023

NYSE: CHE) VITAS Healthcare recently expanded its inpatient hospice care unit at the Florida-based Broward Health Medical Center. These additional patient rooms allow us to help meet the demand of more individuals choosing high-quality hospice care that aligns with their end-of-life goals and wishes.”

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Hospice News

DECEMBER 22, 2023

After a 2023 slump, health care dealmakers are voicing optimism for a 2024 rebound. Transaction volume declined in the hospice and home-based care space in 2023, following the two record-breaking prior years. In addition, private equity firms are sitting on more than $800 billion in dry powder, according to Braff.

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Hospice News

SEPTEMBER 25, 2023

Now the home and community-based health care services platform has set a $1 billion listing goal with plans to launch trading on the NASDAQ by the end of this year, according to a Bloomberg News report. BrightSpring is backed by private equity firm KKR & Co. NYSE: KKR), subsidiary of KKR Group Holdings Corp.

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Hospice News

NOVEMBER 17, 2022

“Given the attractive demographics of the hospice space, there continues to be an influx of new private equity firms looking to get into the space in addition to the existing firms that have been searching for an asset over the past few years.”. This has the potential to change the hospice investor landscape, he added. “We

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Hospice News

SEPTEMBER 29, 2022

Hospices stand to benefit from bridging divides in the care continuum, including filling gaps between home health and end-of-life providers, according to Eddie Norris, managing partner at Canyon Home Care & Hospice. Canyon’s services include hospice, home health, skilled nursing, personal and pediatric care.

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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. Albert is currently CEO of Androscoggin Home Care + Hospice as well as board chair for NAHC.

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Hospice News

APRIL 20, 2023

That’s no surprise, as many anticipate health care investors to operate with a more conservative approach in 2023. In total, there were at least 14 home health, hospice and home care deals reported in the first quarter of 2023, according to Mertz Taggart. Buyers are getting more disciplined.”

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Hospice News

JUNE 29, 2023

(NASDAQ: ADUS) has reached an agreement to purchase the home health, hospice and private duty operator Tennessee Quality Care for $106 million. Tennessee Quality Care operates 17 locations serving an average of 1,800 patients daily throughout 50 of the 95 counties in its home state.

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Hospice News

NOVEMBER 14, 2023

The mix of hospice buyers has become more diverse during the past five years to include more private equity investors, large health and hospital systems and home health companies, along with payers. The private equity involvement in hospice has impacted how others may view our industry and services. NYSE: CHE).

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Hospice News

FEBRUARY 8, 2024

Founded in 1948, the organization was the first home-based care provider to operate in Georgia, and in 1975 launched the state’s first hospice program. Headquartered in Atlanta, VNHS Today, offers hospice, palliative care, home health, private duty and other services to more than 13,000 patients annually across 57 Georgia counties.

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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

FEBRUARY 12, 2024

Gentiva Health Services has committed to expanding its recently established Advanced Illness Management (AIM) palliative care model in 2024, including its unique approach to reimbursement. The company has its roots in the former Kindred at Home. Once among the nation’s largest home health and hospice providers, Humana Inc.

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Hospice News

JUNE 1, 2023

Patient preferences are trending towards home-based hospice care, leaving some inpatient facilities between a rock and a hard place. The health system will no longer offer inpatient services at the MercyOne Johnston Hospice Care facility, citing “post-pandemic economic issues” in recent local news.

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Hospice News

FEBRUARY 2, 2024

Located in Mattoon, Illinois, the Willow Breeze Hospice House features eight patient rooms with private bathrooms. Both adult and pediatric hospice patients are eligible to receive general inpatient care (GIP) at the center. We believe our patients and their loved ones will enjoy the tranquility of the entire home.”

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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. The state’s 1.3

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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. Transaction volume dipped during 2022, specifically when it came to large platform deals by private equity firms. s (NYSE: HUM) $2.8

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Hospice News

DECEMBER 20, 2023

Hospice and home health care providers’ recruitment and retention strategies have narrowed their focus on workers’ key priorities, with organizational culture among the heaviest hitters on their lists. Minnesota-based Accurate Home Care provides respite, personal and private duty care, home health, nursing and homemaking services.

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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 Kindred at Home has been on a circuitous journey with Humana. Value-Based care a prime mover.

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