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Montana-headquartered Stillwater Hospice has found a successful rhythm to strategic rural-based growth and sustainability. Launched in 2017, the hospicecompany serves predominantly rural-based populations in Montana, northern Wyoming and South Dakota.
“There’s an opportunity for PCHETA to get added on, and to make sure that the training that physicians receive and nurses receive have at least a little bit of hospice, a little bit of palliative care awareness.” PCHETA was first introduced in 2017.
Nurse practitioner Raphael and registered nurse Britt Akobundu, a married couple, launched San Diego-based Blue Monarch Hospice this past March, with the intent of improving the quality of life for not only patients and families, but also health care workers. . As a nurse practitioner, what led you to begin a hospice program?
“Going back over the last four years there’s been a lot of hospice activity with record valuations and volume. The last time we had this low-projected level of activity was in 2017, where just 19 hospice deals that year.” You have to go back six years to get an idea of average annual activity.
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. The number of deals in 2017 and 2018 hit 20 and 19, respectively, before slumping downward during the pandemic in recent years.
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