Hospice News

DECEMBER 22, 2023

Transaction volume declined in the hospice and home-based care space in 2023, following the two record-breaking prior years. Only three hospice deals took place in the third quarter of this year compared to 11 in Q3 2022 and 18 in the same period in 2021, according to data from the M&A advisory firm The Braff Group.

2024 274

2024 Hospice 2023 2021 274

Hospice News

OCTOBER 26, 2022

Justice Department has indicted three individuals who are linked to California hospices on alleged False Claims Act violations, among other charges. Karen Sarkisyan, Gayk Akhsharumov, and Babken Chalkadryan, of San Gabriel Hospice & Palliative Care and Broadway Hospice were each charged in the U.S

Hospice 246

Hospice 2018 Hospice companies Medicare 246

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. The following are the most-read Hospice News articles of 2022. #1

2022 246

2022 Social worker Hospice Homecare 246

Hospice News

APRIL 5, 2023

Hospice executives with a nursing background can bring unique competitive advantages. 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. 1Care was their first venture.

Hospice 264

Hospice Hospice companies Palliative care Palliate 264

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

2022 246

2022 Hospice 2021 2023 246

Hospice News

MARCH 17, 2023

More hospices are going green, making short-term investments to cultivate long-term sustainability. Among these companies is Agrace Hospice & Supportive Care, which unveiled an initiative last October to become carbon neutral by 2025, according to President and CEO Lynne Sexten. Amedisys, Inc.

Hospice 242

Hospice 2009 2025 Grief 242

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%.

Hospice 289

Hospice 2008 Hospice companies 2021 289

Hospice News

SEPTEMBER 2, 2022

A turbulent economy and slight cool-down in deal activity early in the year have led some to question whether the record-high valuations for hospice assets will start to tumble. Thus, these assets have come at a premium in recent years, with hospice multiples r eaching as high as 29x in 2020.

Hospice 258

Hospice Homecare Hospice companies 2020 258

Hospice News

JUNE 22, 2023

Recent allegations that staff at HCA Healthcare (NYSE: HCA) put pressure on patients to enter hospice dovetail with longstanding questions over how and when patients should be referred. SEIU benchmarked HCA’s hospice transfer rates against national data. It’s hard to say that you have proof. This looks really questionable.”

Healthcare 263

Healthcare Hospice Medicare 2021 263

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.

Hospice 264

Hospice End-of-life care Hospice companies Definition 264

Hospice News

DECEMBER 13, 2022

Most hospices are sliding into 2023 between a rock and a hard place, beset by headwinds, labor shortages and questions with no easy answers. Government oversight of hospice providers will tighten during 2023. Hospices have faced ever-intensifying scrutiny from regulators in recent years. Be ready for regulation.

2023 290

2023 Hospice Hospice aide Medicare 290

Hospice News

JUNE 16, 2022

More hospitals and health systems are stepping into the home-based hospice space, often seeing joint ventures as a promising route to a return on their investment. You’re seeing different types of transactions taking place in hospice and home health,” Mark Kulik, managing director at M&A advisory firm The Braff Group, told Hospice News.

2014 246

2014 Hospice 2021 Palliative care 246

Hospice News

DECEMBER 21, 2022

Hospice leaders have kept their eyes on four key numbers as 2022 progressed: clinical capacity, length of stay, labor costs and utilization. A fifth, the rising number of new hospices in certain states, has emerged as a priority in recent weeks. These metrics are key to understanding what hospices experienced this year.

2022 246

2022 Hospice Medicare 2021 246

Hospice News

AUGUST 22, 2022

Amazon and UnitedHealth — which is in the process of acquiring the home health and hospice company LHC Group (NASDAQ: LHCG) — reportedly have made the largest bids. None of the companies are commenting to the media about a potential sale or bids. Signify earned $246.2

Hospice companies 299

Hospice companies Medicare 2021 2022 299

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. Optum closed its $5.4

Hospice companies 214

Hospice companies 2024 2021 2023 214

Hospice News

JULY 21, 2023

Regulatory challenges have contributed to the hospice sector’s current M&A slump, but this year’s volume nevertheless aligns with experts’ forecasts. This year will be the second consecutive year-over-year decline in hospice activity. You have to go back six years to get an idea of average annual activity. billion.

2023 246

2023 2017 2021 2022 246

Hospice News

APRIL 1, 2024

Justice Department has sentenced two individuals linked to California hospices on alleged False Claims Act violations, among other charges. Gayk Akhsharumov, manager and owner of San Gabriel Hospice & Palliative Care and Broadway Hospice, received a sentence of one year and one day in prison and was ordered to pay close to $9.2

Hospice 130

Hospice 2018 Medicare Hospice companies 130

Hospice News

DECEMBER 6, 2024

Nautic Partners and The Vistria Group, the private equity backers of home health and hospice provider Vital Caring, are mulling a potential appeal of a federal courts recent decision in a dispute with Encompass Health (NYSE: EHC) and Enhabit Inc. Anthony previously served as CEO of Encompass Healths home health and hospice segment.

2021 130

2021 Hospice companies Hospice 130

Hospice News

AUGUST 3, 2022

Private equity firms are not slowing down on hospice investments as demographic tailwinds in a fragmented industry create a favorable environment for growth. Private equity hospice deals occurred in record numbers last year, according to data from the M&A advisory firm The Braff Group.

Hospice 147

Hospice Long-term care 2011 2021 147

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.

2021 52

2021 2011 Hospice companies End-of-life care 52

Hospice News

MARCH 20, 2023

Hospices are blazing trails toward growth, each provider with its own range of strategies. Regardless of providers’ disparate methods, hospice remains a high-growth industry, expanding at an annual rate of 7% to 8% annually, Bank of America (BofA) Global Research reported in TKTK. Hospice News edited comments for length and clarity.

2023 246

2023 Hospice 2030 Palliate 246

Hospice News

JUNE 23, 2022

Private equity firms are pouring investment dollars into hospices at a record pace. 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. Private equity investors are likely to stay bullish on hospice.

Hospice 276

Hospice 2013 2012 Nursing home 276