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Addus Taking a Cautious Approach to Hospice Deals

Hospice News

Valuations in the hospice space have led Addus Homecare (Nasdaq: ADUS) to take a more conservative approach to hospice transactions as it actively seeks home health and personal care deals. Hospice multiples reach record highs in 2020 and 2021, as much as 26x.

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Aveanna’s Home Health, Hospice Business Takes Punches During First Year as Publicly Traded Company

Hospice News

This “fell below” the company’s expectations, with its” biggest issues driven by home health and hospice” headwinds, according to CEO Tony Strange. The company anticipates a rebound in home health and hospice results for the fourth quarter and in Q1 2023, Aveanna executives stated.

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How April Anthony, Investors Built New Home Health and Hospice Company VitalCaring

Hospice News

VitalCaring Group CEO April Anthony has a track record of building home-based care powerhouses, making her newest venture a company to watch as its emerging brand comes together. More transactions followed, with an emphasis on home health. In 1999, she also established and led the health care tech firm Homecare Homebase.

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

Hospice News

Disruption in home health reimbursement has an influence on the hospice mergers and acquisitions market, particularly among the rising number of companies offering both services. This disruption contributed to soaring deal volume in the hospice space from 2019 through 2021, which reached record highs.

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

Hospice News

As Addus HomeCare Corporation (NASDAQ: ADUS) sinks teeth into acquisitions, the company will be taking smaller bites when it comes to hospice deals. 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.

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Aveanna CEO: Higher Wages Key to Bringing Clinicians Back

Hospice News

These intensified in late 2021 and the first quarter of this year as the Omicron COVID variant pushed more of their staff into quarantine. . Aveanna was no exception, in January and February the company had as many as 3,000 staff quarantined, up from a range of 200 to 300 in late December 2021, according to Strange. .

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Hospice M&A Going Strong, But Non-Medical Home Care a Rising Star

Hospice News

These factors are among the main drivers of the surge in non-medical home care M&A. These businesses accounted for 48% of all home-based care transactions during the first two quarters of 2022, up from 42% during the last half of 2021, according to Mertz Taggart. Hospice market to stay mighty.

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