Hospice News

MAY 2, 2023

Addus HomeCare Corporation’s (NASDAQ: ADUS) hospice segment is seeing slow but steady improvement as pandemic headwinds ease. Meanwhile, the company’s near-term acquisition sights are set more on home health than in personal care amid potential payment shifts. Its personal care services arm reached $190.03

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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. The agreement marked not only one of the largest deals in hospice, but also signaled increasing interest among payers to operate health care provider companies.

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Hospice News

APRIL 11, 2025

In 2022, more than 907,000 Medicare hospice decedents were older than 85, out of 1.7 million total patients, according to the National Alliance for Care at Home. Its parent organization also operates senior living, pharmacy, development, independent living, personal care, assisted living and memory care businesses, among others.

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Hospice News

JANUARY 19, 2024

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.

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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. Tennessee Quality Care operates 17 locations serving an average of 1,800 patients daily throughout 50 of the 95 counties in its home state.

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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.“.

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Hospice News

AUGUST 31, 2023

billion , which closed at the end of 2022. The industry could see similar deals take shape as payers increasingly recognize the value of having a foothold in home-based care, he indicated. billion divestiture of a 60% stake in Kindred at Home’s hospice and personal care segments. s (NYSE: HUM) $2.8

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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. Census Bureau.

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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

FEBRUARY 28, 2023

Staffing improvements and reimbursement shifts are paving Addus HomeCare’s (NASDAQ: ADUS) growth path this year. That path will divert more toward home health and personal care – and less in the direction of hospice – as 2023 progresses. million in revenue for all of 2022. Its personal care services reached $183.4

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Hospice News

AUGUST 2, 2022

Addus plans to stay busy in the acquisitions market in the latter half of the year into early 2023, targeting primarily personal care and home health deals, according to CEO Dirk Allison. Since 2019, Addus has purchased seven personal care companies and four home health and hospice agencies.

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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. million during Q4 2022, about 20.5%

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Hospice News

FEBRUARY 27, 2024

Addus HomeCare Corp. The company anticipates growth in its personal care business in 2024, which will have a reverberating impact in its hospice and home health service lines. for $85 million in October 2022 and picked up Chicago-based Apple Home Health Ltd. jump compared to the same period in 2022. million.

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Hospice News

MARCH 28, 2025

Many companies are focused on bolstering their nursing workforce, who are also in high demand, but providers also need to prioritize hiring a sufficient number of aides, according to Cooper Linton, associate vice president of Duke HomeCare & Hospice. Bureau of Labor Statistics (BLS) report. However, this may not be enough.

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