Hospice News

AUGUST 30, 2024

YoloCares affiliated with the regional hospice collaborative California Hospice Network (CHN) in 2021. The company has twice been selected as a “Best Place to Work” by Modern Healthcare. VITAS is the largest hospice company in the nation by market share, according to 2022 data from LexisNexis. NYSE: CHE).

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Hospice News

JANUARY 31, 2024

The Texas-based home health and hospice company VitalCaring Group was built largely through acquisitions, and the company expects to step up that strategy in 2024 with an emphasis on hospice. When they start to exit, the basis that those private equity sponsors have those businesses is at 16x to 18x.

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Hospice News

JUNE 28, 2024

The Texas-based home health and hospice company VitalCaring Group was built largely through acquisitions. VitalCaring was formed in July 2021, when the private equity firms The Vistria Group and Nautic Partners began acquiring home health and hospice agencies throughout the South and Southeast.

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Hospice News

JANUARY 26, 2024

Rebranding a hospice company following a merger or acquisition is a more complex process than it may seem at first blush. While consolidation slowed in 2023, many industry observers expect a rebound in 2024, though perhaps not to the record-breaking levels seen in 2021. Kudner has experienced this process firsthand.

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Hospice News

OCTOBER 26, 2022

According to court documents, between January 2018 to in or May 2021, the defendants allegedly used the two Los Angeles-based hospice companies to submit more than $9 million in false and fraudulent claims to Medicare.

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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. Transaction volume declined in the hospice and home-based care space in 2023, following the two record-breaking prior years.

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Hospice News

NOVEMBER 17, 2022

Rising interest rates and unlikely to deter investors or strategic buyers from acquiring hospice companies. Higher interest rates will push up borrowing costs, making hospices more expensive to purchase in the long-run. The Federal Reserve raised interest rates by 0.75% earlier this month. The rates now range from 3.75% to 4%.

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Hospice News

APRIL 5, 2023

This has been the case for Nevada-based 1Care Hospice & 1Care Kids, particularly as they contended with the pandemic and widespread workforce shortages, according to COO Eddie Belluomini. A group of hospice and palliative care leaders with nursing experience established 1Care in October 2020. 1Care was their first venture.

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Hospice News

DECEMBER 12, 2022

The home health and hospice provider has had a “dominating” presence in the hospice M&A market in recent years, Mark Kulik, senior director at The Braff Group, previously told Hospice News. Humana retained Kindred’s home health assets, as well as 40% of the hospice business. This was Humana Inc.’s s (NYSE: HUM) $2.8

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Hospice News

DECEMBER 19, 2022

In 2022, the hospice community laid the groundwork for a transformational 2023. During late 2021 and 2022, the U.S. Centers for Medicare & Medicaid Services (CMS) developed new approaches for enforcing hospice regulations that will become effective on Jan. 3–6 Big Provider, Payer Hospice Deals. s (NYSE: HUM) $2.8

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Hospice News

JUNE 16, 2022

The lines of investor interest in the hospice industry have been blurring over the past decade, according to Kulik. A total of 109 transactions in the hospice and home health space involved a hospital and health system from 2014 to 2021, according to market analysis data that The Braff Group shared with Hospice News.

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Hospice News

MARCH 17, 2023

The company has established a Net Zero Climate Transition Plan with an aim to achieve net zero greenhouse gas emissions from operations by 2050. Last year, the home health and hospice company released its first Environmental, Social and Governance (ESG) report that included data on its 2021 energy consumption as a benchmark.

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Hospice News

JULY 21, 2023

In addition to those pressures, the industry is also in a cooling period in which companies focus on integrating the assets that many acquired during flurries of activity in 2021 and 2022, according to Mark Kulik, senior managing director at The Braff Group. The New York-based hedge fund owns 4.5%

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Hospice News

SEPTEMBER 2, 2022

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. NYSE: CHEM), and the nation’s largest hospice company by market share, according to LexisNexis.

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Hospice News

MAY 7, 2025

The Pennant Group (Nasdaq: PNTG) saw home health and hospice reach an all-time high during the first quarter of 2021, as the company awaits the outcome of a potential deal to acquire divested locations from Amedisys (Nasdaq: AMED) and UnitedHealth Group (NYSE: UNH). The Pennant Groups total revenue for Q1 reached $209.8

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Hospice News

DECEMBER 13, 2022

But questions linger about their long-term sustainability — and what will happen in the labor market when hospices start phasing the bonuses out. This year, the average hourly wage for hospice aides and CNAs rose 9.09% in 2022, compared to a 4.52% increase in 2021, and the rate for nurses rose nearly 6%, the salary report indicated.

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Hearts for Hospice & Home Health

JULY 1, 2021

For the third year in a row, Valeo is recognized as the top home health and hospice company in the greater Salt Lake area. Valeo Home Health and Hospice, LLC, was named Best of SLC Home Health and Hospice companies in the third annual Best of SLC awards.

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Hospice News

APRIL 1, 2024

From around January 2018 through May 2021, Akhsharumov used his two hospice companies to defraud Medicare of approximately $9 million,” the U.S. Justice Department indicated in a statement.

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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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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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Hospice News

JANUARY 3, 2025

From a business perspective, this means hospice companies will have to rise to meet burgeoning demand and staff shortages and financial headwinds, including reimbursement that hasnt kept pace with inflation rates. The prior two years also saw some earnings stabilization among publicly traded companies.

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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. s (NYSE: EHAB) hospice segment saw a 6.4% Enhabit Inc.’s million from i$52.8

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Hospice News

JULY 19, 2022

For better or worse, the growing presence of large insurance companies in the hospice and home health provider space could be transformative for the industry. NYSE: HUM) in 2021 acquired 100% ownership of Kindred at Home from its former private equity partners Welsh, Carson, Anderson & Stowe and TPG Capital. Humana Inc.

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Hospice News

JUNE 22, 2023

SEIU analyzed Medicare claims data showing that the average hospice transfer rate among HCA hospital discharges was nearly 40% above the national average in 2021 and represented a 50% growth rate over four years. During the past several years, HCA has closed a number of home health and hospice acquisitions. More than 1.72

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Hospice News

JUNE 23, 2022

Despite a cool down in the hospice mergers and acquisitions market during the first quarter of 2022, private equity firms have stayed aggressive on deals. About 30% to 50% of home health and hospice transactions in 2021 involved private equity, according to the M&A advisory firm The Braff Group. Elizabeth Warren (D-Mass.),

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Hospice News

DECEMBER 6, 2024

Both firms are longtime investors in health care, including home health and hospice companies. The roots of the case were planted in 2021 when Encompass Health began considering a spin off of its home health and hospice business as a standalone company, now known as Enhabit Inc.

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