Hospice News

DECEMBER 13, 2023

VITAS Healthcare Expands Hospital-Based Inpatient Hospice Center Chemed Corp. NYSE: CHE) VITAS Healthcare recently expanded its inpatient hospice care unit at the Florida-based Broward Health Medical Center. Miami-based VITAS has provided community- and facility-based hospice care in the Broward County area since 1980.

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Hospice News

NOVEMBER 1, 2023

The hospice, palliative care and personal care provider Gentiva has acquired the hospice, home health and palliative assets of the nonprofit health system ProMedica. Heartland Hospice is headquartered in Toledo, Ohio, with locations in 26 states. The organization finished 2021 in the red by $1.5

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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

AUGUST 2, 2022

Bolstered by recent acquisitions, Addus Homecare’s (NASDAQ: ADUS) hospice segment is holding its own against labor headwinds and inflation. For example, the company’s $85 million acquisition of Illinois-based hospice provider JourneyCare Inc., million, with hospice accounting for 20%, CFO Brian Poff reported in the earnings call.

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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. Acquisition patterns established in 2021 and 2022 are shaping the M&A outlook for the current year. About 114 home health and hospice transactions occurred during the 12-month period ending Nov.

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Hospice News

FEBRUARY 27, 2023

The hospice, palliative care and personal care provider Gentiva has agreed to acquire Heartland Hospice and other assets from the home-based care company ProMedica. The Atlanta-based provider emerged from the former hospice and personal care segments of Kindred at Home. Census Bureau.

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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. Census Bureau. Centers for Medicare & Medicaid Services (CMS).

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Hospice News

AUGUST 31, 2023

Thus far in 2023, hospice merger and acquisition activity has deviated from prior years. The last five years saw record-breaking multiples in the hospice space and private equity-backed platform deals were among the most common types of transactions. A number of trends have shifted. billion , which closed at the end of 2022. “The

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

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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 19, 2024

Though the number of hospice M&A deals plummeted in 2023 compared to prior years, deals are still being made, and the industry may see a rebound in 2024. Transaction volume declined in the hospice and home-based care space in 2023, following the two record-breaking prior years. This followed its $5.4 NYSE: HUM) for $2.8

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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

APRIL 13, 2023

Justice Department has indicted Eduardo Lopez, a former hospice executive and current senior vice president of a private equity firm, for violations of the Sherman Act. Lopez held overlapping executive roles at multiple hospices in the Las Vegas area. These were just some of Lopez’s other hospice executive positions.

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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.

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Hospice News

FEBRUARY 28, 2023

That path will divert more toward home health and personal care – and less in the direction of hospice – as 2023 progresses. The company added to its clinical workforce with 80 new hires during the fourth quarter, with hospice hiring especially strong. Addus’ hospice census rose along with the company’s staffing volumes.

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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

APRIL 3, 2023

Through the JV, the two health care organizations are combining their home health and hospice operations in south Texas to form a new entity. AccentCare will take the lead on managing the home-based care business. Last year Memorial Hermann launched a JV with Contessa, the palliative care service arm of Amedisys (NASDAQ: AMED).

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Hospice News

DECEMBER 5, 2022

Debbie Jonhston is a registered nurse who founded Viriginia-based Serenity First Hospice in 2021, inspired by the care her father recieved as he reached the end of his life. With the launch of Serenity First, Johnston transitioned from her career in home health and personal care.

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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

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

JANUARY 11, 2024

Fortis Health has acquired Indiana-based Physiocare Home Health and Hospice. Their culture and approach to quality patient care are a great fit with what we have established at Fortis Health.” The company also operates Valeo Home Health and Hospice and Select Home Health, which Grant Avenue acquired in late 2020 and 2021, respectively.

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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

SEPTEMBER 30, 2022

Rising demand and demographic tailwinds are propelling rapid growth in both the hospice and palliative care markets. These markets are growing partly because of demographic trends and partly because of increasing acceptance of both palliative and hospice,” Tanquilut told Hospice News. “As billion by 2030, a rise from $34.5

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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

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

NOVEMBER 10, 2022

s (NASDAQ: AVAH) hospice and home health segments saw small jumps in the third quarter, but these lagged behind the company’s growth targets. The IPO occurred during a tumultuous era in health care, with providers across the continuum still reeling from the pandemic and worsened workforce pressures. Aveanna Healthcare Holdings, Inc.’s

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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 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

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

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.

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Hospice News

AUGUST 14, 2023

Nasdaq: AMED), which purchased Contessa in 2021 for $250 million. Contessa’s palliative care JVs include deals with Mount Sinai Health System, Memorial Hermann Health System and Baylor Scott & White Health, among others. The post Regent Surgical Health Names Contessa Co-Founder Travis Messina CEO appeared first on Hospice News.

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Hospice News

OCTOBER 5, 2022

The state is one of three in which Addus offers its trifecta of business lines — personal care, home health and hospice. This acquisition is commensurate with our growth strategy to leverage our strong personal care presence and add clinical services.”. Hospice utilization in the Illinois market reached 50.3%

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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

FEBRUARY 16, 2023

Amedisys yesterday announced a partnership with BlueCross BlueShield of Tennessee to cover those services, as well as a forthcoming divestiture of its personal care segment to HouseWorks — excluding its Florida operations. Hospice segment revenue fell to $197.6 million in 2021. in 2022, compared to $6.34 million to $562.0

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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

NOVEMBER 22, 2022

In hospice, clinicians in the field have the closest relationships with patients and families, giving them direct insight into their needs and the challenge of providing care when many operators are understaffed. Akunesokwu (Neso) Obiora entered the palliative care field nearly 20 years ago as a hospice aide.

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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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