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Addus’ Growing Home Health, Hospice M&A Appetite

Hospice News

Addus HomeCare Corporation (Nasdaq: ADUS) is anticipating slow-churning growth across its trifecta of home-based services. The hospice industry in 2019 and 2020 began to see climbing valuations and transaction volumes that reached record-highs , largely fueled as an influx of private equity investors stepped into the space.

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Executive Changes at Niagara Hospice, Transcend Strategy Group, AMOREM, HomeCare & Hospice

Hospice News

Figliomeni currently serves as CFO and COO at Niagara Hospice and also manages other providers in the HPCG group, as well as The HomeCare Partners. This followed the launch of its dementia care and family support program in 2019. Carlo Figliomeni will ascend into the role effective Aug.

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Addus Bolstering Workforce, Building Density for Hospice, Home Health, Personal Care

Hospice News

As Addus HomeCare Corp (NASDAQ: ADUS) gears up for expansion, the company is focused on ensuring its workforce can absorb the growing capacity. . Since 2019, Addus has purchased seven personal care companies and four home health and hospice companies. Addus has not been immune to the labor headwinds plaguing the industry.

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High Price Tags Pushing Addus Away from Hospice Acquisitions

Hospice News

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. And though last year’s numbers were somewhat skewed by massive deals , price tags remain high overall.

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Addus Acquires Apple Home Healthcare

Hospice News

Addus HomeCare Corporation (NASDAQ: ADUS) has acquired Chicago-based Apple Home Healthcare, Ltd., Since 2019, Addus has purchased seven personal care companies and four home health and hospice agencies. for an undisclosed sum. Texas-based Addus has more than 200 locations across 22 states, including Illinois.

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How Proposed Cuts to Home Health Payments Could Impact Hospice M&A

Hospice News

This disruption contributed to soaring deal volume in the hospice space from 2019 through 2021, which reached record highs. NASDAQ: AMED), and Addus Homecare (NASDAQ: ADUS) indicated that they would prioritize home health deals this year. This started to level off late last year and in early 2022.

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Hospice Leaders ‘Shocked’ by Lackluster Proposed Payment Rule Amid Inflation, Wage Hikes

Hospice News

McNamara’s comments reflect a widespread concern that CMS seems to have used 2019 data to calculate the 2023 rate, including wages and cost reports. Chemed is the parent company of VITAS Healthcare, the largest hospice provider in the United States by market share, according to LexisNexis.

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