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How Home Health, Personal Care Reimbursement Guiding Addus’ M&A Strategy

Hospice News

Addus has indicated for roughly the last year that it will orient its M&A strategy towards its home health and personal care services, with hospice becoming less of a priority. Addus provides hospice, home health and personal care to an estimated 47,500 patients annually across 203 locations in 22 states.

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Silverstone Health Expands Care Continuum Beyond Hospice, Sees Skyrocketing Census Growth

Hospice News

Silverstone came on the scene in 2020 as a standalone hospice after CEO Alfonso Montiel’s purchase and rebranding of Comfort Care Hospice in the Dallas-Fort Worth region. Since then, the company has built a palliative care service and is developing a personal care business.

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New Day Healthcare Acquires Intrepid USA’s Missouri, Texas Hospice Assets

Hospice News

The company provides hospice care at home through its location in Joplin, Missouri. New Day launched in 2020 by a group of former hospice and home health professionals. The organization, through several home care brands, offers hospice, home health and personal care, along with pediatric services and clinical decision support.

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New Day Healthcare Acquires Compassion Hospice

Hospice News

The company’s nearly 6,500 employees serve close to 100,000 patients annually across all of its business lines, including home health, hospice, pediatrics, clinical decision support and personal care. ” This was New Day’s ninth acquisition since the company was established in 2020.

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Family Resource Home Care Expands with Companion Care Acquisition

Hospice News

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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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. Addus began as a personal care provider in 1979. This is down from 51.6%

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Hospice a Cornerstone of New Day’s 3-Pronged Growth Strategy

Hospice News

New Day Healthcare LLC is prioritizing hospice growth in its strategic plans as the home-based care company focuses on improving quality for patients across the care continuum. Texas-based New Day launched in 2020 by a group of former hospice and home health professionals. Then we get engaged with clinical and finance.

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