Hospice News

JULY 26, 2024

Contreras was detained in 2022 by California law enforcement agencies for allegedly receiving kickbacks from multiple parties in exchange for Medicare beneficiary referrals and billing for medically unnecessary hospice services. Black was also arrested in 2022 and has pleaded not guilty to the charges. The FBI, U.S.

Hospice 261

Hospice Hospice companies 2016 Medicare 261

Hospice News

OCTOBER 30, 2023

He previously served in the c-suites and boards of a number home health and hospice companies. This is the latest in a series of executive shifts at Compassus, beginning in 2022 when Grams came on as CEO. Also last year, the company named Dr. Laura Templeton as its executive vice president and COO.

Hospice companies 264

Hospice companies 2022 Palliative care Palliate 264

Hospice News

DECEMBER 22, 2023

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.

2024 274

2024 Hospice 2023 2021 274

Hospice News

FEBRUARY 26, 2024

Referral rejection rates among hospices reached a record high of 41% in 2022, according to data from CarePort, a WellSky company. While some hospice companies reported hiring and capacity gains in 2023, often driven by bonus programs, the problem persists for many providers.

2024 290

2024 Hospice 2023 2030 290

Hospice News

MAY 12, 2023

Established in 1979, the nonprofit organization provides hospice and palliative care in three counties near the San Francisco area of northern California. The hospice company is accused of violating the California Labor Code that stipulates employers must provide sick leave to workers. Community Hospice, Inc.

Hospice 241

Hospice 2022 2019 Hospice companies 241

Hospice News

AUGUST 22, 2022

Amazon and UnitedHealth — which is in the process of acquiring the home health and hospice company LHC Group (NASDAQ: LHCG) — reportedly have made the largest bids. None of the companies are commenting to the media about a potential sale or bids. Signify earned $246.2

Hospice companies 299

Hospice companies Medicare 2021 2022 299

Hospice News

AUGUST 30, 2024

VITAS is the largest hospice company in the nation by market share, according to 2022 data from LexisNexis. A crucial component of this kind of supportive culture is open lines of communication between employees and senior management, according to executives at VITAS Healthcare, subsidiary of Chemed Corp. NYSE: CHE).

Hospice 264

Hospice Hospice companies 2021 2023 264

Hospice News

JUNE 28, 2024

The Texas-based home health and hospice company VitalCaring Group was built largely through acquisitions. VitalCaring was formed in July 2021, when the private equity firms The Vistria Group and Nautic Partners began acquiring home health and hospice agencies throughout the South and Southeast.

Hospice companies 214

Hospice companies 2024 2021 2023 214

Hospice News

MARCH 1, 2024

In case you missed it, Hospice News has launched a new specialty publication for palliative care professionals. Frontpoint Health has completed its acquisition of the Texas-based home health and hospice company High Plains Senior Care Group (HPSC). You can subscribe to Palliative Care News here: Subscribe today!

Senior care 284

Senior care Hospice companies Medicare End-of-life care 284

Hospice News

JUNE 29, 2023

The company’s net service revenue reached $251.6 Its hospice segment represented $49.08 Acquisitions contributed about $65 million to Addus’ bottom line in 2022. The company purchased Illinois-based hospice provider JourneyCare Inc. The company purchased Illinois-based hospice provider JourneyCare Inc.

Homecare 245

Homecare Long-term care Hospice companies End-of-life care 245

Hospice News

SEPTEMBER 16, 2022

Lauren O’Dwyer, CFO at Anvoi Hospice and Anvoi Management, LLC, has been named a 2022 Future Leader by Hospice News. With everything that’s changing in the industry right now, I’m more heavily involved in the decision-making with our hospices and how their care plans handle specific situations as they arise each and every day.

2022 130

2022 Hospice Definition Caretaker 130

Hospice News

APRIL 6, 2023

Kevin Sarkisyan, of San Gabriel Hospice & Palliative Care, pleaded guilty to one count of conspiracy to defraud the government for his involvement in submitting false enrollment applications to Medicare that hid the “real owners of a hospice company,” according to court documents.

2016 246

2016 Hospice Document Medicare 246

Hospice News

SEPTEMBER 12, 2023

The move comes nearly a year after California-based Guaranteed launched in August 2022, when founder and CEO Jessica McGlory began her own provider company two years after her father passed away. SCAN Group, parent company of SCAN Health Plan, is the latest investor in the hospice company.

Hospice 299

Hospice End-of-life care Social worker Medicare 299

Hospice News

JANUARY 26, 2024

Rebranding a hospice company following a merger or acquisition is a more complex process than it may seem at first blush. And although not all acquired companies rebrand, many do in order to create a unified identity or reflect a broader suite of services.

Hospice 261

Hospice 2021 Palliative care Grief 261

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. The New York-based hedge fund owns 4.5%

2023 246

2023 2017 2021 2022 246

Hospice News

JULY 3, 2023

In January, hospice organizations began sounding the alarm on similar activity in other states — Arizona, Texas and Nevada. Arizona had 239 new Medicare-certified hospices appear between 2018 and 2022, representing 52% of all providers in the state.

Hospice 255

Hospice Medicare 2010 Hospice companies 255

Hospice News

JANUARY 31, 2024

The Texas-based home health and hospice company VitalCaring Group was built largely through acquisitions, and the company expects to step up that strategy in 2024 with an emphasis on hospice. When they start to exit, the basis that those private equity sponsors have those businesses is at 16x to 18x.

2024 292

2024 Hospice 2021 Companion care 292

Hospice News

APRIL 26, 2022

Nurse practitioner Raphael and registered nurse Britt Akobundu, a married couple, launched San Diego-based Blue Monarch Hospice this past March, with the intent of improving the quality of life for not only patients and families, but also health care workers. . We started in March 2022 and are very much still in the startup phase.

Hospice 264

Hospice Registered Nurse Hospice companies 2015 264

Hospice News

NOVEMBER 8, 2023

(NYSE: EHAB) is continuing to mull over a potential sale, with executives providing few details as the company determines its next steps. The Dallas-based home health and hospice company has been digging into a strategic review process since August that could result in a possible sale or merger of some or all of its assets. “As

Medicare 264

Medicare 2024 Home health nurse Hospice companies 264

Hospice News

SEPTEMBER 2, 2022

While a range of publicly traded companies and private equity firms have nevertheless snapped up hospices in record numbers, the skyrocketing valuations have led some to wait it out for a price drop. NYSE: CHEM), and the nation’s largest hospice company by market share, according to LexisNexis.

Hospice 258

Hospice Homecare Hospice companies 2020 258

Hospice News

JANUARY 19, 2023

The proliferation of new hospices in California, Texas, Arizona and Nevada has stoked concerns around potential fraud and other abuses. These same industry organizations in November 2022 called for greater federal oversight of hospice licensing practices in response to the issue.

Hospice 264

Hospice Medicare End-of-life care Webinar 264

Hospice News

JUNE 16, 2022

Meanwhile, investors that are snatching up hospice acquisitions have increasingly seen value in selling them off, continued Kulik. Some are divesting to unlock the value of having a separate home health and hospice company,” Kulik said. High price tags for hospice assets are sparking some to take a seat at the sellers’ table.

2014 246

2014 Hospice 2021 Palliative care 246

Hospice News

AUGUST 15, 2022

I want to say back when we acquired the home health and hospice company, I think there were only about 20 locations, and we now have 100 locations. We have been growing the hospice service line. So between acquisitions and de novos, we see ourselves continuing to grow Enhabit’s hospice service line.

Hospice 259

Hospice 2007 Document Hospice companies 259

Hospice News

DECEMBER 13, 2022

Industry-wide, these bonuses in 2021 averaged from $2,038 for hospice aides to $9,056 for executive leaders, according to the 2022-2023 Hospice Salary & Benefits Report , published by Hospital & Healthcare Compensation Service (HCS) in cooperation with NAHC. The average bonus for registered nurses was $6,330. .

2023 290

2023 Hospice Hospice aide Medicare 290

Hospice News

OCTOBER 7, 2024

The hospice company Gentiva this year also agreed to pay $19.4 million to resolve False Claims Act complaints that predate the company’s acquisition of Kindred at Home. Gentiva’s parent company, the private equity firm Clayton, Dublier and Rice, acquired a 60% stake Kindred at Home’s hospice assets in 2022 for $2.8

Hospice 130

Hospice Hospice companies 2023 2022 130

Hospice News

FEBRUARY 20, 2024

Having a window into priorities such as career development and work-life balance is a significant retention factor for the Dallas-based home health and hospice company, Marion indicated. This is down from 54% of respondents in 2023’s survey and 68% of 2022 respondents. NYSE: EHAB).

2024 255

2024 Homecare Hospice 2023 255

Hospice News

APRIL 25, 2023

Current and former employees of California-based Community Hospice, Inc. The hospice company is accused of violating the California Labor Code that stipulates employers must provide sick leave to workers. Community Hospice, Inc. did not respond to Hospice News’ request for comment.

Hospice 130

Hospice Document 2019 2022 130

Hospice News

OCTOBER 19, 2022

The company has pledged to deploy $50 million to $100 million on deals during 2022 and plans to open 10 new locations. Earlier this month, it acquired Caring Hearts Hospice in Texas for an undisclosed amount. . There are a lot of home health and hospice companies where the idea is just to get bigger and put more dots on the map.

Hospice 246

Hospice Hospice companies Caregiver 2023 246

Hospice News

JUNE 22, 2023

This has led many hospitals and health systems to make their own investments in home-based care , including hospice, a development that HCA CEO Samuel Hazen noted in a 2022 earnings call following the Brookdale deal. billion acquisition of the home health and hospice company LHC Group. This followed Humana Inc.’s

Healthcare 263

Healthcare Hospice Medicare 2021 263

NHPCO

JANUARY 19, 2023

The recent entry of large numbers of newly created hospice organizations in several states has heightened long-standing concerns among hospice leaders (as shared with CMS in November 2022) about the adequacy of Medicare certification, accreditation, and enforcement processes.

Hospice care 87

Hospice care Hospice Medicare 2023 87

Hospice News

JANUARY 3, 2025

From a business perspective, this means hospice companies will have to rise to meet burgeoning demand and staff shortages and financial headwinds, including reimbursement that hasnt kept pace with inflation rates. The hospice M&A market hit a slump in 2023 and 2024 due to a range of factors. in 2022 to 2.5%

2025 278

2025 Hospice Medicare 2019 278

Hospice News

MARCH 20, 2023

Regardless of providers’ disparate methods, hospice remains a high-growth industry, expanding at an annual rate of 7% to 8% annually, Bank of America (BofA) Global Research reported in TKTK. By 2030, the hospice market’s total dollar value is expected to nearly double, reaching $64.7 billion, up from $34.5

2023 246

2023 Hospice 2030 Palliate 246

Hospice News

JUNE 23, 2022

Despite a cool down in the hospice mergers and acquisitions market during the first quarter of 2022, private equity firms have stayed aggressive on deals. About 30% to 50% of home health and hospice transactions in 2021 involved private equity, according to the M&A advisory firm The Braff Group. Elizabeth Warren (D-Mass.),

Hospice 276

Hospice 2013 2012 Nursing home 276