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The lines of investor interest in the hospice industry have been blurring over the past decade, according to Kulik. A total of 109 transactions in the hospice and home health space involved a hospital and health system from 2014 to 2021, according to market analysis data that The Braff Group shared with Hospice News.
A federal court has sentenced Dr. John Thropay, a former medical director for several hospicecompanies, to 37 months in prison for his involvement in a $2.8 million hospice fraud scheme. Among the companies for which Thropay worked was Blue Sky Hospice, located in Van Nuys, California.
The home health and hospice provider has had a “dominating” presence in the hospice M&A market in recent years, Mark Kulik, senior director at The Braff Group, previously told Hospice News. The new home health and hospicecompany expects to earn nearly $1.07 The acquisition took many in the space by surprise.
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