Hospice News

JULY 10, 2024

“Building on our long-standing commitment to providing compassionate, patient-centered care to our communities and leveraging the breadth and experience of Alternate Solutions Health Network, our caregivers will be well-positioned to offer patients even more convenient and personalized care options.” This is a rise from 17.8%

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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. Founded in 2001, the company currently operates and manages ASC locations in more than 15 states.

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Hospice News

FEBRUARY 16, 2023

For starters, the company is going full-speed ahead on palliative care, delivered through its subsidiary Contessa Health. 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.

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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. The Atlanta-based provider emerged from the former hospice and personal care segments of Kindred at Home. NYSE: HUM) for $2.8

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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. NYSE: HUM) for $2.8 Census Bureau.

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Hospice News

FEBRUARY 17, 2023

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. Previously, she was division president of Brookdale Senior Living’s (NYSE: BKD) health care services segment, which provided home health, hospice and outpatient therapy programs.

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Hospice News

DECEMBER 13, 2023

VITAS began operating the facility in 2021, which also replaced a temporary unit with eight patient beds, similar to the Broward Health Medical Center’s previous capacity. The Atlanta-based provider offers hospice, palliative and personal care services. HHHC in 2021 merged with SolutionHealth for an undisclosed amount.

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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

JANUARY 5, 2023

Acquisition patterns established in 2021 and 2022 are shaping the M&A outlook for the current year. Other stakeholders have cited a higher number of deals than PwC, but even those estimates fall short of 2021 and 2020 volume. About 114 home health and hospice transactions occurred during the 12-month period ending Nov.

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Hospice News

AUGUST 2, 2022

Addus also counted its first full quarter of revenue from its 2021 purchase of Armada Hospice of New Mexico and Armada Hospice of Santa Fe for $29 million. Since 2019, Addus has purchased seven personal care companies and four home health and hospice agencies. million during Q2 2021. Company-wide revenues were up 8.7%

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Hospice News

DECEMBER 12, 2022

In addition to acquisitions, LHC was involved in 30 out of the 69 joint ventures that completed in the hospice and home health space from 2014 to 2021, Kulik said. billion divestiture of a 60% stake in Kindred at Home’s hospice and personal care segments to the private equity firm Clayton, Dubilier & Rice. s (NYSE: HUM) $2.8

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Hospice News

JANUARY 11, 2023

The new office will be home base for Queen City staff who provide care in the Brown County region and surrounding areas. The county had an overall population of roughly 44,000 in 2021, with seniors 65 and older representing 18.8%, according to the U.S. Demographics are driving up a need for serious illness and end-of-life care in Ohio.

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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. Addus began as a personal care provider in 1979.

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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.”. for an undisclosed sum.

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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. Getting those “synergies” to align takes dedicated time and resources, Kulik stated.

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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. days during the same period in 2021. “I Its personal care services reached $183.4 Addus’ more than 33,000 employees serve around 46,500 patients across roughly 200 locations nationwide.

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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. During 2021, Choice completed 10 transactions within the home health and hospice space. The transaction also gives Choice its first foothold in the Grand Canyon State.

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Hospice News

FEBRUARY 12, 2024

NYSE:) acquired the company in 2021. The following year, the insurance giant divested Kindred’s hospice and personal care segments, selling a 60% stake to the private equity firm Clayton, Dubilier and Rice (CDR) for $2.8 The company has its roots in the former Kindred at Home. CDR later rebranded the company as Gentiva.

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Hospice News

MAY 3, 2023

. “With the addition of Amedisys, we will bolster our offerings to meet the growing demand for personalized care in the home and alternative sites that move us closer to achieving this goal.” The relationship between Amedisys and Option Care began long before this merger.

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Hospice News

DECEMBER 19, 2022

During late 2021 and 2022, the U.S. Social workers left the health care field at record-high rates during the pandemic, according to data from the Peterson-Kaiser Family Foundation Health System Tracker. Findings reflected that attrition rates exceeded pre-pandemic levels by 35% as of 2021. 3–6 Big Provider, Payer Hospice Deals.

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Hospice News

APRIL 13, 2023

The violations allegedly occurred while Lopez was vice president and administrator at a publicly traded home health, hospice and personal care company. He was vice president at Sierra Hospice & Home Health from 2018 to 2019, while holding the same position at Community Home Health Care Las Vegas from 2017 to 2021.

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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

OCTOBER 11, 2023

The private equity firms Welsh, Carson, Anderson & Stowe and TPG Capital owned the remaining 60% until 2021, when Humana acquired 100% ownership in Kindred at Home in a $5.7 Last year, Humana divested a 60% stake in Kindred’s hospice and personal care businesses to the private equity firm Clayton, Dubilier & Rice (CDR) for $2.8

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Hospice News

NOVEMBER 17, 2022

Under Kusserow, Amedisys also expanded its care continuum from home health and hospice to include palliative care, personal care, hospital-at-home and skilled-nursing-facility-at-home. million in Q3 2021. During his time leading the company, Amedisys’ market capitalization rose to more than $5.3

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Hospice News

JULY 29, 2022

As of 2021, 67% of individual plans offered support related to meals, as well as 69% of special needs plans, according to the Kaiser Family Foundation. SCAN began partnering with MedArrive in late 2021 as a preferred provider of home-based services, including a joint effort to vaccinate homebound patients for COVID-19.

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Hospice News

FEBRUARY 1, 2024

The company merged with Illinois-based Seasons Hospice & Palliative Care in 2020. AccentCare provides hospice, palliative and personal care, along with home health, non-medical services, care management and high-acuity home care. Foundation since 2017, serving as its president from 2019 to 2021.

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Hospice News

MARCH 16, 2023

Dallas-headquartered AccentCare is a portfolio company of the private equity firm Advent International, offering hospice, palliative care, personal care, non-medical services, home health, care management and high-acuity home care.

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Hospice News

JANUARY 11, 2024

Fortis Health Fortis Health Rob Radics, CEO, Fortis Health Fortis offers home health, hospice, palliative and personal care services across its footprint. 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

APRIL 3, 2023

AccentCare is a portfolio company of the private equity firm Advent International that provides hospice, palliative care, personal care, non-medical services, home health, care management and high-acuity home care. Home health and hospice provider Amedisys acquired the company in 2021 for $250 million.

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Hospice News

FEBRUARY 7, 2023

The organization has grown its patient census and geographic reach under Whitaker’s leadership, citing a “234% increase” in the number of patients accessing care across all of its service lines in the announcement, as well as expanded services into four new counties. the previous year – both California-based.

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Hospice News

AUGUST 31, 2023

A pattern of “megadeals” occurring in 2021 and 2022 set a high bar for transaction valuations and volumes, which contributed to this year’s slump compared to previous record-breaking levels. Among this year’s biggest deals in terms of valuation and size was Gentiva’s $710 million acquisition of ProMedica’s hospice and home-based care assets.

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Hospice News

JANUARY 24, 2024

(NYSE: HCA) and the University of Central Florida (UCF) launched a graduate fellowship program in palliative medicine , which closely followed a similar program rolled out by Ohio’s Hospice and Kettering Health in 2021.

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Hospice News

APRIL 20, 2022

Meanwhile, Addus is mostly known for Medicaid-based personal care services, but it has increasingly voiced its eagerness to get further into home health care and hospice. . “We Addus currently provides home-based care services to approximately 44,500 consumers through 207 locations across 22 states.

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Hospice News

NOVEMBER 10, 2022

Atlanta, Georgia-headquartered Aveanna operates more than 300 locations in 33 states, providing care to upwards of 400,000 adults and children annually. Its services include home health, hospice, private duty services and personal care. The company also provides medical solutions and durable medical equipment.

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Hospice News

JANUARY 2, 2023

The nonprofit employs nearly 900 staff who provide hospice, palliative, personal care, adult day and memory care services to roughly 1,500 individuals across 19 counties in southern Wisconsin. Agrace has served more than 66,253 hospice and palliative care patients since it was established in 1978. million in 2020.

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Hospice News

SEPTEMBER 30, 2022

The state of hospice and palliative care markets. In 2021, hospice was a $23 billion industry that made up roughly 20% of the overall U.S. health care market, according to a report that Bank of America (BofA) Global Research shared with Hospice News. “As we see growth acceleration, staffing capacity is the number one concern.

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Hospice News

SEPTEMBER 16, 2022

Dallas-headquartered AccentCare delivers hospice to upwards of 40,000 patients annually through more than 80 hospice locations and 27 in-patient care centers. The company also offers care management, home health, palliative care, rehabilitation, skilled nursing, telehealth, non-medical, and personal care services.

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