Hospice News

MARCH 8, 2023

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. Hospice is still very expensive. Addus began as a personal care provider in 1979.

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Hospice News

JANUARY 5, 2023

Though buyers remain hungry for hospice acquisitions, smaller deals will likely be the most prevalent during 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. Private equity firms have been voracious for hospice assets in recent years.

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Hospice News

DECEMBER 12, 2022

Though hospice deal volume dipped in 2022 compared to previous years, five particular transactions could paint a larger picture of where investors see value in the space. These interesting, unusual or groundbreaking deals could signal what’s to come in 2023 and help shape the hospice market’s long-term future. This was Humana Inc.’s

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Hospice News

JANUARY 2, 2023

Wisconsin-based Agrace Hospice & Supportive care is raising employee compensation and expanding their benefits. As with almost every hospice, our single biggest expense is labor — it is front and center,” Sexten told Hospice News. “We The hospice provider has also revamped employee health insurance plans in 2023.

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Hospice News

OCTOBER 19, 2022

Two hospices have lost the battle against workforce shortages, with one halting some of its service lines and another shutting down altogether. Hospice and Home Care of Juneau shutters. Alaska-based Hospice and Home Care of Juneau (HHCJ) recently announced its closure, citing high staffing costs and lack of clinicians.

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Hospice News

JANUARY 11, 2023

Ohio-based Queen City Hospice, an Addus Homecare (NASDAQ: ADUS) company, recently opened a new location in its home state. The new location in Fayetteville, Ohio, adds a central office in a rural region of the hospice’s service area that will reduce staff travel time. Centers for Medicare & Medicaid Services (CMS).

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Hospice News

OCTOBER 10, 2022

Five hospice providers made Inc. They include Texas-headquartered Traditions Health, Bridge Home Health & Hospice and Healthflex Home Health & Hospice, both in California. Philadelphia-based All-American Home Care and Innovative Homecare Solutions in Illinois also appeared on the list. The providers tapped by Inc.

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Hospice News

SEPTEMBER 14, 2023

A major achievement during Rodgers’ tenure at the Dallas-based hospice, home health and palliative care provider was the company’s 2020 merger with Illinois-based Seasons Hospice & Palliative. The deal made AccentCare one of the nation’s largest hospice providers.

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Hospice News

JANUARY 25, 2023

Hospices are increasingly leveraging technology and pharmaceutical partnerships to better address the needs of patients and families and improve financial and operational efficiencies. Hospices have leaned heavily on technology during the pandemic, turning to telehealth to remain connected to patients and their families.

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Hospice News

JANUARY 19, 2023

Hospice and behavioral health care could increasingly intersect in coming years as demand for specialized care grows. But the prevalence of mental health conditions and related concerns like isolation and substance abuse mean that hospice and behavioral health providers may need to find more ways to integrate their services.

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Hospice News

FEBRUARY 7, 2023

She became a hospice nurse for By the Bay Health in 1996, then named Hospice of Marin, taking on various roles in clinical leadership throughout her more than 27-year tenure. “It Previously known as Hospice by the Bay, the organization rebranded in 2021 to reflect a broadening scope of services.

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Hospice News

MARCH 13, 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! d/b/a/ Covenant Care, provides hospice across six cities in the panhandle and northwest region of Florida and in three markets across southeast Alabama.

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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. NYSE: GS), a representative for Gentiva told Hospice News’ sister publication Skilled Nursing News. billion divestiture of Kindred at Home’s hospice and personal care segments.

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Hospice News

JULY 18, 2023

Home-based care veteran Rob Radics took the helm as CEO of Fortis Home Health & Hospice in May, and in the early days of his tenure is laser-focused on hospice growth. Most recently, he served as the president of the home health and hospice segments at Aveanna Healthcare Holdings (NASDAQ: AVAH).

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Hospice News

SEPTEMBER 28, 2022

Demand for home-based care was creeping upward before 2020, but the pandemic that broke out that year accelerated the trend. But these home-based providers are working within a system that was built and oriented around facility-based care.

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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. The hospice industry has seen a swath of new entrants amid record-level transaction volume and soaring valuations in recent years. Private equity deals represented nearly 22.2%

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Hospice News

JUNE 23, 2023

The creation and subsequent partnership with Radiant Alliance will bring a hospice and palliative care company and senior living operator under the auspices of a payer. Metta Healthcare is the parent company of Ohio’s Hospice and the palliative care provider Pure Healthcare. We are the first to actually do it.”

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Hospice News

JANUARY 25, 2023

Forging partnerships with health systems and physician groups has become a cornerstone of AccentCare’s growth strategy as it seeks to expand the breadth of this post-acute care services. The company operates more than 260 locations in 31 states, caring for 210,000 patients and families annually.

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Hospice News

DECEMBER 19, 2022

In 2022, the hospice community laid the groundwork for a transformational 2023. Centers for Medicare & Medicaid Services (CMS) developed new approaches for enforcing hospice regulations that will become effective on Jan. These trends in value-based care have even influenced the M&A market.

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Hospice News

DECEMBER 11, 2024

Texas-based New Day Healthcare LLC has announced its acquisition of Good Samaritan Society’s hospice operations in its home state. The transaction includes Good Samaritans hospice assets in El Paso, Texas, expanding New Days existing presence in that market. Hospice utilization rates hovered at 49.1% Scott Herman.

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Hospice News

AUGUST 17, 2023

Washington-headquartered Family Resource Home Care recently acquired personal care provider Companion Care, Inc., Family Resource provides end-of-life, respite and personal care, along with services such as medication management, meal preparation, housekeeping, companionship and dementia support.

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Hospice News

DECEMBER 5, 2024

Anthony House Announces New Hospice Facility New York-based Anthony House is winding down fundraising efforts to support the opening of a new inpatient hospice facility. The hospice provider aims to improve access for patients and their families by launching the new center, which will be located in Oswego County, New York.

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Hospice News

FEBRUARY 1, 2024

Natarajan’s role expanded after previously serving as the post-acute company’s chief medical officer for hospice since 2005. In addition to oversee AccentCare’s hospice and palliative care programs, he will also support its clinical care operations and patient experience initiatives.

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Hospice News

JUNE 28, 2023

Hospice of the Chesapeake Appoints New CMO Maryland-based Hospice of the Chesapeake recently named Dr. Marny Fetzer as its new chief medical officer. Fetzer is currently system medical director for palliative care and hospice services at Illinois-based Ascension Health.

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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 billion — and quickly announced plans to divest the hospice segment. Hospice partnership vs.ownership.

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Hospice News

JULY 8, 2022

27, 2020, the U.S. The COVID-19 public health emergency remains in effect,” an HHS spokesperson told Hospice News in an email. “As As the PHE lingers, so do questions around what it has brought to the table for hospices. Regulatory scrutiny has been rising in hospice for several years running. Initially declared on Jan.

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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. By 2050, nearly 2.5

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Hospice News

APRIL 4, 2023

Texas-headquartered hospice and home health company Elara Caring has inked a deal to acquire Assisted Daily Living, Inc., The acquisition marks Elara Caring’s entry into the state and is anticipated to close towards the latter part of this year, pending customary regulatory approval. a Rhode Island-based provider.

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Hospice News

AUGUST 26, 2022

She returns to the company after nearly three years at the helm of San Diego-based The Elizabeth Hospice as its chief strategy officer. In her new role, she’ll oversee the company’s staff providing care across five counties in the state’s southern region. Kauai Hospice Recruits Retired Emergency Doc as Medical Director.

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Hospice News

MAY 15, 2024

The company recently completed its $85 million acquisition of Covenant Health and Community Services’ hospice operations and one assisted living facility location. This was VITAS’ first deal in several years, largely due to record-high valuations in the space, Chairman and CEO Nick Westfall told Hospice News in 2020.

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Hospice News

SEPTEMBER 12, 2022

South Dakota-based Avera@Home recently formed a joint venture with personal care provider Kore Cares in a move that grew its service line and geographic reach in the state. Avera@Home Hospice offers hospice, home health and home medical equipment services throughout the Upper Midwest.

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Hospice News

OCTOBER 13, 2023

Home Health of the Ozarks and Hospice of Care Names New Director Missouri-based Texas County Memorial Hospital (TCMH) has appointed Cheryl Maley, registered nurse, as new director of Home Health of the Ozarks and Hospice of Care. The nonprofit hospice is supported by TCMH Healthcare Foundation’s Hospice Memorial Fund.

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Hospice News

NOVEMBER 4, 2022

The de novo, located in Florida’s Hillsborough County, initially will house a branch of the Empath affiliate Suncoast Hospice. The organization also plans to add home health, medical services, grief care, personal care, and its Empath Partners in Care (EPIC) services, designed to care for HIV/AIDS patients.

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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

OCTOBER 17, 2023

Clinicians face relatively high rates of burnout “due to the secondary trauma and emotional exhaustion that develops from working with death and dying daily,” Aprille Waldrop, social services manager for Florida-based Hospice of Health First told Palliative Care News. Nursing is not the same kind of work it used to be.

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Hospice News

FEBRUARY 17, 2023

California-based post-acute care company Charter Healthcare Group has tapped Cheryl Lovell to become its new CEO and Anna-Gene O’Neal as the company’s first chief operating officer. The company completed at least six hospice deals in 2021 on top of four in 2020, in addition to two de novos and a number of home health transactions.

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Hospice News

JANUARY 11, 2024

Fortis Health has acquired Indiana-based Physiocare Home Health and Hospice. Grant Avenue Capital, Fortis’ private equity backer, financed the deal, which is the company’s fourth since its founding in 2020. Their culture and approach to quality patient care are a great fit with what we have established at Fortis Health.”

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