Hospice News

FEBRUARY 26, 2024

While some hospice companies reported hiring and capacity gains in 2023, often driven by bonus programs, the problem persists for many providers. The close of the years also saw some earnings stabilization among publicly traded companies. These relationships can help generate cost savings and bolster hospices’ bargaining power.

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Hospice News

MARCH 8, 2024

Alivia Care emerged in 2020 when Community Hospice & Palliative Care, now an affiliate, formed a larger company with a wider range of services. Headquartered in Jacksonville, Florida, the nonprofit hospice and palliative care provider has since expanded its geographic reach across the Southeast region to include Georgia.

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Hospice News

DECEMBER 12, 2022

The company began as the fourth largest provider of Medicare-certified home health services and the 12th largest provider of Medicare-certified hospice services nationally. The new home health and hospice company expects to earn nearly $1.07 million respectively in 2020 alone, according to a study published in The Lancet.

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Hospice News

SEPTEMBER 2, 2022

Thus, these assets have come at a premium in recent years, with hospice multiples r eaching as high as 29x in 2020. While a range of publicly traded companies and private equity firms have nevertheless snapped up hospices in record numbers, the skyrocketing valuations have led some to wait it out for a price drop.

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Hospice News

JUNE 16, 2022

Meanwhile, investors that are snatching up hospice acquisitions have increasingly seen value in selling them off, continued Kulik. Some are divesting to unlock the value of having a separate home health and hospice company,” Kulik said. High price tags for hospice assets are sparking some to take a seat at the sellers’ table.

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Hospice News

DECEMBER 21, 2022

Hospices simply did not have enough staff to meet demand, which drove some of them out of business. Executives from almost every publicly traded hospice company raised this issue in earnings calls and presentations throughout the year. Recruitment and retention costs now represent 30% of Hospice Savannah’s budget, Benton said.

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Hospice News

DECEMBER 19, 2022

AccentCare started off this year by unifying all of its business lines under the company’s main brand. The move included six subsidiaries as well as Seasons Hospice & Palliative Care, which AccentCare merged with in Dec. 9 The Fastest Growing US Hospice Companies (Oct.

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Hospice News

JUNE 22, 2023

billion acquisition of the home health and hospice company LHC Group. Though the document does not specifically mention hospice, it alleges that patients, particularly those in Medicare Advantage, were denied necessary or appropriate care in order to maximize margins on per-member, per-month payments. This followed Humana Inc.’s

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Hospice News

AUGUST 3, 2022

Private equity hospice deals occurred in record numbers last year, according to data from the M&A advisory firm The Braff Group. Of the estimated 60-plus transactions during 2021, at least 39, or 65%, were private-equity based, a rise from 56% in 2020.

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Living With Hospice

JULY 5, 2020

His wife wrote a heartfelt note to our hospice company. And his passing was very peaceful and pleasant. And with the celebration of his life and the legacy he left, there was a lot of joy. And in that note, she said, I just want to thank this nurse. And she mentioned her by name.

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Hospice News

MARCH 20, 2023

During the past few years, a growing number of hospices have inked agreements to partner with hospital systems to deliver home-based care, often including palliative care or home health. Key examples of this strategy include home health and hospice company LHC Group, which was recently acquired by UnitedHealth Group (NYSE: UNH).

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