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

SEPTEMBER 12, 2024

Recent years have seen an uptick in consolidation activity among nonprofits in the hospice space. Reimbursement rules and oversight rules and compliance rules, this is bringing to the forefront just the challenge of successfully operating in this marketplace on a sustained basis,” Kulik told Hospice News. “It’s

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Hospice News

DECEMBER 2, 2024

Addus HomeCare Corporation (Nasdaq: ADUS) has closed its $350 million acquisition of Gentiva’s personal care business. Addus provides personal care, home health and hospice to more than 48,500 patients across 22 states. The company’s hospice service line brought in $57.3 The company’s hospice service line brought in $57.3

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Hospice News

JANUARY 10, 2024

Moving into 2024, more hospices see joint ventures or similar partnerships to be a major growth engine. Nearly half of 143 respondents to Hospice News’ 2024 Outlook Survey , conducted with Homecare Homebase, said that joint ventures and partnerships were the growth tactics they planned to pursue the most this year.

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Hospice News

FEBRUARY 9, 2023

Seeds of optimism are taking root among hospice providers that industry-wide labor pressures may improve this year. Survey respondents included nearly 330 hospice and palliative care industry professionals, including owners, executive leaders and managers, among others. I’m probably more excited about it than I’ve been in a few years.”

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Hospice News

FEBRUARY 20, 2024

As hospices zero in on their investments in staff engagement and operational efficiencies, organizational culture is becoming a higher priority. Hospices nationwide are taking varied approaches around how they fuel staffing investments with sustainable growth in mind. 2024 Hospice News Outlook Survey and Report.

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Hospice News

FEBRUARY 16, 2024

Hospice providers are increasingly focused on memory care settings and physician offices as referral sources. Though many hospices see facility-based care as their primary referral engines, a growing base of providers are seeking ties to community-based organizations to increase access and utilization this year. Among those, roughly 6.7

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Hospice News

SEPTEMBER 6, 2024

Unionized staff at Providence Hospice of Sonoma County in California have reached a labor agreement with their employer. The deal marks another instance of growing union activity in the hospice space. Unionization is uncommon in hospice, but local media reports in some communities show that the movement has gained some ground.

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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. billion , which closed at the end of 2022. A number of trends have shifted.

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Hospice News

MARCH 26, 2023

When it comes to labor, hospice providers are walking a balance beam between the need to increase capacity and the long-term sustainability of offering bonuses, tech investments and larger benefits packages. Publicly traded hospice providers have reported improvements on turnover and workforce shortages. For example, Chemed Corp.

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Hospice News

MAY 18, 2022

pay increase for hospice care for Fiscal Year 2023. As of June 30, that will rise to the typical 2%, representing a headwind that some hospices consider “ devastating. ” During the first half of 2022, providers continue to hemorrhage dollars to boost hiring while adjusting wages and purchasing for skyrocketing inflation.

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Hospice News

FEBRUARY 21, 2023

Hospice providers have increasingly turned to technology to connect with hard-to-reach patients, streamline back-office functions and stay ahead of the curve on worsening health conditions. The year ahead is likely to bring significantly more technology investment as well, the 2023 Hospice News Outlook Survey and Report suggests.

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Hospice News

JANUARY 16, 2024

Niagara Hospice CEO Retires Lockport, N.Y.-based based Niagara Hospice will soon have a new president and CEO with the upcoming retirement of John Lomeo, who has led the organization since 2000. Niagara Hospice is part of The Hospice and Palliative Care Group (HPCG), an organization that provides administrative services.

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Hospice News

AUGUST 1, 2022

Croix Hospice has acquired Corpore Sano Hospice in Plymouth, Mich., In addition to a spate of acquisitions, the Minnesota-based hospice provider has launched four de novos thus far in 2022. In addition to a spate of acquisitions, the Minnesota-based hospice provider has launched four de novos thus far in 2022.

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Hospice News

NOVEMBER 14, 2022

Labor shortages and other headwinds have battered hospices during 2022, including large companies. This includes the home health and hospice provider Amedisys (NASDAQ: AMED). “On Generally, fewer clinicians has meant fewer patients have been receiving hospice care, according to industry observers and companies’ own reports.

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Hospice News

SEPTEMBER 19, 2022

While hospice and home health M&A continue to burgeon, non-medical home care is starting to slip out from under their shadows. Deal volume for non-medical home care companies outstripped that for hospice or home health during the first half of the year. Hospice market to stay mighty. Case in point, Mt. As of 2019, the U.S.

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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.

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Hospice News

NOVEMBER 1, 2022

Addus HomeCare Corporation’s (NASDAQ: ADUS) is shifting its M&A strategy away from hospice deals to focus on its home health and personal care businesses. Texas-based Addus provides personal, home health and hospice care across 207 locations in 22 states, reaching roughly 46,500 patients annually. Hospice brought in $51.4

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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. So many industry consolidators paused all but the most strategic deals and pivoted to hospice. “. This started to level off late last year and in early 2022.

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Hospice News

MAY 18, 2023

But defining the range of communities that specifically lack access to hospice and palliative care can be a moving target. Hospices should apply a wide and varied lens when examining the populations in greatest need of end-of-life care, Garrett indicated. Hospice News photo.) But it’s important to lean towards other communities.

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Hospice News

JUNE 10, 2024

Addus HomeCare Corporation (NASDAQ: ADUS) has entered into a definitive agreement to acquire Gentiva’s personal care business for about $350 million. The Atlanta-based provider emerged from the former hospice and personal care segments of Kindred at Home. CDR in 2022 purchased a 60% stake from the insurance mammoth Humana, Inc.,

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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. Transaction volume dipped during 2022, specifically when it came to large platform deals by private equity firms. billion divestiture of Kindred at Home’s hospice and personal care segments.

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Hospice News

MAY 2, 2023

Addus HomeCare Corporation’s (NASDAQ: ADUS) hospice segment is seeing slow but steady improvement as pandemic headwinds ease. Like many hospice providers, Addus has faced COVID-19 challenges that include reduced patient volumes and shorter length of stays. We believe that hospice volumes will continue to steadily improve.”

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Hospice News

MAY 3, 2022

Acquisitions will be crucial to Addus HomeCare Corp.’s s (NASDAQ: ADUS) 2022 objectives as COVID headwinds start to abate. Addus CFO and executive vice president Brian Poff indicated that the company is in a “favorable position to continue to be acquisitive,” in a Q1 2022 earnings call.“. in Q1 to $226.6

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Hospice News

AUGUST 24, 2022

Joliet, Illinois-based Lightways Hospice and Serious Illness Care has nearly tripled the capacity of its pediatric palliative care program, expanding in geography, staff, and patient census. They called us because they knew we did [pediatric palliative care] and asked if we would take on the children,” Sheehan told Hospice News. “I

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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., The hospice segment brought in $52.074 million, up from $36.9 About 2.5%

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Hospice News

JUNE 29, 2023

Addus HomeCare Corp. NASDAQ: ADUS) has reached an agreement to purchase the home health, hospice and private duty operator Tennessee Quality Care for $106 million. About 70% of its business is home health, including private duty, with hospice care comprising 30%. Its hospice segment represented $49.08

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Hospice News

AUGUST 1, 2023

Addus HomeCare Corp. NASDAQ: ADUS) has completed the acquisition of the home health, hospice, and private-duty company Tennessee Quality Care for an undisclosed amount. All told, Addus provides hospice, home health and personal care to an estimated 47,500 patients annually across 203 locations in 22 states.

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Hospice News

MAY 10, 2023

As Addus HomeCare Corporation (NASDAQ: ADUS) sinks teeth into acquisitions, the company will be taking smaller bites when it comes to hospice deals. Addus has indicated for roughly the last year that it will orient its M&A strategy towards its home health and personal care services, with hospice becoming less of a priority.

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Hospice News

JULY 5, 2022

Despite hitting a brief slump at this year’s start, hospice merger and acquisition activity still managed to outpace other health care sectors. . Strong hospice and home health consolidation continued during the first quarter of 2022, according to a recent report from Provident Healthcare Partners.

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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

JULY 11, 2023

Stephen Goldfine, chief medical officer at Samaritan Healthcare & Hospice. The New Jersey-based nonprofit offers hospice and palliative care, among other services. Samaritan Healthcare & Hospice launched its palliative care service line in 2007, mainly providing these services in hospital-based settings.

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Hospice News

JULY 7, 2022

Croix Hospice has expanded in Missouri with a Jefferson City de novo in the central region of the state. Croix Hospice serves in the Show-Me State to 44. “We have been steadily growing our presence in the state to provide expert hospice care to those who need it and are excited to place a team in this centralized location.”

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Home Care Pulse

SEPTEMBER 21, 2022

R EXBURG, Idaho, September 21, 2022— HCP ?and? From day one, it’s been our goal to simplify and strengthen the homecare management process for all of our customers, and this partnership with HCP is yet another step towards achieving that.” . is the leading technology platform for homecare and self-direction program management.

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NHPCO

SEPTEMBER 14, 2022

September 14, 2022 . Throughout the COVID-19 Public Health Emergency, the Coronavirus Aid, Relief, and Economic Security (CARES) Act has granted hospice patients and providers telehealth flexibilities which have expanded access to essential post-acute care and protected the health and wellbeing of the most medically vulnerable populations.

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Home Care Pulse

JUNE 21, 2022

Some nurses take a supervisory role in homecare, supporting and coordinating various client-facing job functions, making them as important to the staff they support as they are to the clients in their care. The annual Gallup poll has named them the #1 most trusted profession for the 20th year in a row, eclipsing medical doctors by 14 points.

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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. Its hospice business brought in $50.6

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