Hospice News

AUGUST 22, 2024

Multiples in home health and hospice reached 29x in 2020, beating 2019’s record of 26x, reported PwC’s Health Research Institute. We’re about to start seeing here is the deal flow back in 2021 [having] a typical private equity exit of five years,” Voss said during the conference.

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Hospice News

FEBRUARY 21, 2023

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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Hospice News

MARCH 15, 2023

The company saw steady improvement last year on a quarterly basis, but volume continued to fall short of 2021 numbers. Meanwhile, the company saw its direct sales workforce depleted by 83 employees between December 2021 and the end of 2022. For instance, Enhabit’s average daily hospice census reached 3,588 in Q4 2022, representing a 2.9%

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Hospice News

SEPTEMBER 19, 2022

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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Hospice News

NOVEMBER 1, 2023

The company operates 102 hospice and home health locations and 51 senior living communities in 13 states, including Texas and Oklahoma. About 143,284 Medicare decedents utilized hospice in Texas in 2021, according to the U.S. Centers for Medicare & Medicaid Services (CMS).

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Hospice News

AUGUST 29, 2022

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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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. It was a very intense regulatory process.

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Hospice News

AUGUST 10, 2023

NASDAQ: AVAH) was a company mostly focused on in-home care to pediatric populations. When the Atlanta-based provider filed to go public in April 2021, however, it revealed ambitious plans to expand into the arenas of Medicare-certified home health and hospice care. “We

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Hospice News

JUNE 29, 2022

Assistant HHS Inspector General Erin Bliss raised concerns during the hearing about MA plans using chart reviews or in-home health risk assessments to diagnose patients, often without additional follow-up. This reflects a total enrollment increase of 9% over 2021. Payments related to those assessments cost Medicare $2.6

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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

MAY 10, 2023

Hospice multiples broke records in 2020, 2021 and 2022, reaching as high as 29x. Potential shifts in home health reimbursement are also driving the company’s M&A decisions, Poff stated during an earnings call earlier this year.

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Hospice News

MAY 5, 2023

“Our home health and hospice pipeline is ripe with opportunities we expect to execute on over the next few quarters …,” Pennant President John Gochnour said in an earnings call. “We We will continue to invest consistently in home health and hospice through multiple avenues.

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Hospice News

NOVEMBER 10, 2022

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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Hospice News

OCTOBER 20, 2023

Compassus provides a continuum of home-based services including home health, palliative care and hospice from more than 250 locations across 29 states, including a number of similar partnerships with health systems and other health care providers. Centers for Medicare & Medicaid Services (CMS).

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Hospice News

NOVEMBER 1, 2022

Last month it acquired Chicago-based Apple Home Health, Ltd. million in the third quarter, a rise of 11% compared to the same period in 2021. Addus has seen success in its value-based contracting efforts in the state, as well as an uptick in home health and hospice referrals. for an undisclosed sum. This was a 31.4%

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Hospice News

JUNE 30, 2022

Humana anticipates the Kindred at Home transaction to complete later this year, executives reported in a Q1 earnings call. Last year Humana acquired total ownership of the hospice, home health and personal care provider for $5.7 Oregon state legislators in 2021 passed a law to oversee health care consolidation in the state.

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Hospice News

JUNE 8, 2023

Dallas-based Enhabit’s footprint includes 252 home health locations and 105 hospice locations across 34 states. The company emerged from the 2021 spinoff of Encompass Health’s (NYSE: EHC) home health and hospice segment. million, while home health revenue reached $215.8

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Hospice News

AUGUST 8, 2023

The earlier experiences of home health providers informed those recommendations as well. “We We borrowed from the experiences in home health with the proposals that we advanced the CMS including the 36-month rule, So if we see the hospice rules have an impact like the home health ones, then it will do its job,” Dombi said. “The

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Hospice News

JULY 26, 2022

There were roughly 66 hospice transactions in 2020 and 67 in 2021. It’s down a bit by about 10% – 11% in the first half of this year compared to the same period in 2021 as some of the investor focus shifts to home health.

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Hospice News

OCTOBER 5, 2022

The previous year Addus bought Chicago-based Summit Home Health for an undisclosed amount. The acquired company provides skilled home health services to 240 patients daily across 14 counties. Addus in 2021 opened a $600 million revolving line of credit with Capital One Financial Corp.

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Hospice News

MAY 17, 2022

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 News

NOVEMBER 18, 2022

2023 now has a slight reprieve with provisions in its final rule, resulting in an estimated net increase in home health payments of 0.7%. These payment concerns come at a time when both home health and hospice providers are continuing to feel the effects of COVID-19 headwinds, including disruption of referral streams.

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Hospice News

OCTOBER 31, 2022

Louisiana-based LHC Group operates 169 hospice locations and 543 home health locations across 37 states and the District of Columbia, covering an estimated 68% of the nation’s 65 and older population. But the organization grew more strongly in home health, and that really was the primary focus,” said Davis. “Up

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Hospice News

JULY 18, 2023

The firm is focused on what he calls “thematic investing,” which includes a strong focus on home-based care industries. Fortis is the parent company of Valeo Home Health and Hospice and Select Home Health, which Grant Avenue acquired in late 2020 and 2021, respectively.

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AlayaCare

DECEMBER 23, 2021

home care tech trends may be challenging, but it is necessary in order for agencies to strengthen and grow; and more importantly for providing better patient outcomes. Adrian Schauer identified that one of the major trends in 2021 would be a significant shift in home health-care from technology-enabled to technology-centric.

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AlayaCare

DECEMBER 22, 2021

Adrian Schauer identified that one of the major trends in 2021 would be a significant shift in home health-care from technology-enabled to technology-centric. Even though there was a demand over the past two years to implement technology, there still are home care agencies falling behind.

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Hospice News

DECEMBER 8, 2022

According to our proprietary database, there were 67 transactions on the hospice side in 2021, and no one really expected it to surge as it did when the pandemic hit. In 2022, our projection is that about 44% of home health transactions will be due to private equity, and about 50% on the hospice side.

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Hospice News

MAY 8, 2023

To help move the needle on awareness, Guidry, a care team physician for one of the nation’s largest hospice providers, founded Mourning Dove Medical in 2021. For example, a patient may be hospice-eligible, but they may come on to home health because that’s all they know about.

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Hospice News

MAY 2, 2022

Katrina Agnew joined UnityPoint Health in December of 2021 as vice president of hospice. Our UnityPoint At Home Nurse Residency Program helps attract newly licensed registered nurses and prepare them for careers in home health care or hospice. Can you give me some details about that initiative?

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Hospice News

NOVEMBER 30, 2022

One thing that just came out last week was the phase two reports, summarizing what happened in 2021 with VBID. In 2021, VBID was in nine MA plans. That’s what they said in home health, but we know they get different flavors and do a little bit different variety of care and what they provide.

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Hospice News

JULY 15, 2022

Home-based care provider AccentCare has been busy since its merger with Seasons Hospice & Palliative Care, exploring new technologies and care delivery strategies, as well as expanding business lines. Dallas-headquartered AccentCare is a portfolio company of the private equity firm Advent International. We’ve deployed Muse.

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AlayaCare

MARCH 3, 2018

The legislation also includes a provision to reimburse for the services of administering home infusion , which is set to begin in 2021. AlayaCare always aims to sit at the forefront of innovation in home health care technology. For example, Medicare payments are now at a rate closer to actual drug prices.

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Hospice News

MAY 23, 2023

One contributing factor is that — following a glut of activity in 2021 and 2022 — fewer quality hospices are left on the market, the Mertz Taggart report indicated. “To In 2022, roughly 60 home care, home health and hospice private equity deals took place across the United States and Canada.

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Hospice News

JULY 14, 2023

“With the high patient demands facing health care right now, I’m confident in the expertise of our staff and entrepreneurial energy of our franchisees to continue leading the charge in home health care.” Mastrapa since 2021 has been an advisor and consultant to multiple health care companies.

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