Hospice News

SEPTEMBER 13, 2024

Plano, Texas-based Heart to Heart Hospice will soon add a third location to its geographic footprint in Oklahoma. The de novo will open this fall, located in Durant, Oklahoma, and serve hospice patients and their families across 11 surrounding counties. Demographics are driving demand for hospice in Oklahoma. Census Bureau.

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Hospice News

MAY 30, 2024

When it comes to hospice acquisitions, buyers and sellers expectations on price tags are becoming more aligned. A surge of deals in 2021 and 2022 led to record-high valuations in the space with multiples reaching in excess of 30x in some instances. However, this doesn’t mean that buying a hospice is a bargain-basement transaction.

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Hospice News

FEBRUARY 23, 2024

Rising wages, reimbursement pressures and immigration policies are fueling high turnover rates for hospice and personal care aides. It is rare to find individuals who perceive personal care as a career choice, or path. We were able to not just grow [but also] strengthen this workforce,” Klein told Hospice News.

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Hospice News

JUNE 19, 2024

Silverstone came on the scene in 2020 as a standalone hospice after CEO Alfonso Montiel’s purchase and rebranding of Comfort Care Hospice in the Dallas-Fort Worth region. Since then, the company has built a palliative care service and is developing a personal care business.

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Hospice News

OCTOBER 16, 2024

Hospice and palliative care will be a “strong focus” of services provided at the new senior living facility, Heartlinks Adult Family Home, said Shelby Moore, the organization’s executive director. Heartlinks provides hospice and senior living services across two counties in southern Washington. million in 2023, a rise from $5.33

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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

MAY 3, 2022

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.“. The hospice segment brought in $47.7 and is moving forward with integration.

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Hospice News

DECEMBER 13, 2023

VITAS Healthcare Expands Hospital-Based Inpatient Hospice Center Chemed Corp. NYSE: CHE) VITAS Healthcare recently expanded its inpatient hospice care unit at the Florida-based Broward Health Medical Center. Miami-based VITAS has provided community- and facility-based hospice care in the Broward County area since 1980.

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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

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

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. Addus began as a personal care provider in 1979.

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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., million, with hospice accounting for 20%, CFO Brian Poff reported in the earnings call.

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Hospice News

NOVEMBER 9, 2023

Though hospice is a smaller segment for Aveanna Healthcare Holdings Inc. Aveanna’s home health and hospice segment has had mixed results thus far this year, but saw recent improvement, along with its other service lines, last quarter. It provides home health, hospice, private duty and personal care. million, a 6.3%

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Hospice News

JANUARY 5, 2023

Though buyers remain hungry for hospice acquisitions, smaller deals will likely be the most prevalent during 2023. Acquisition patterns established in 2021 and 2022 are shaping the M&A outlook for the current year. About 114 home health and hospice transactions occurred during the 12-month period ending Nov.

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Hospice News

AUGUST 11, 2022

billion sale of Kindred at Home’s hospice and personal care segments, divesting a 60% stake to the private equity firm Clayton, Dubilier & Rice. Kindred at Home is the largest provider of home health services by market share in the United States and the second-largest hospice provider, according to LexisNexis.

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Hospice News

FEBRUARY 27, 2024

NASDAQ: ADUS) saw hospice growth in 2023, despite lingering pandemic-related challenges around daily census. 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. jump compared to the same period in 2022.

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Hospice News

MARCH 21, 2023

While compensation is an important factor for attracting and keeping staff, hospices need to consider other crucial aspects. Employee benefits, a career path, organizational culture and leadership engagement also weigh into workers’ decisions to join, stay or leave a hospice.

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Hospice News

APRIL 11, 2023

Hospices are leveraging predictive analytics to get a clearer picture of their performance amid regulatory pressures. Hospices have relied on data to enhances their ability to assess the quality and quantity of bedside care delivered during a patients’ final days.

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Hospice News

OCTOBER 18, 2023

Aetna, a subsidiary of CVS Health (NYSE: CVS), is leveraging a series of new benefits that, coupled with existing palliative care programs and ongoing hospice payment demonstrations, promise to keep patients in their homes and out of facilities. Patients can access palliative care through a number of inroads.

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Hospice News

APRIL 28, 2023

When it comes to value-based payment models, home health has a head start on hospice. But those providers’ experiences can lend some insights into how hospices can prepare themselves. Hospices are only now taking their first steps into value-based reimbursement. But starting in 2022, CMS began rolling it out nationwide.

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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. We’ll have more realignment of expectations in terms of valuation.”

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Hospice News

JULY 28, 2023

Payers and private equity investors are among the new entrants stepping deeper into the hospice space. The hospice industry has seen a swath of new entrants amid record-level transaction volume and soaring valuations in recent years. Private equity deals represented nearly 22.2%

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Hospice News

JUNE 23, 2023

The creation and subsequent partnership with Radiant Alliance will bring a hospice and palliative care company and senior living operator under the auspices of a payer. Metta Healthcare is the parent company of Ohio’s Hospice and the palliative care provider Pure Healthcare. We are the first to actually do it.”

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Hospice News

MAY 7, 2024

NASDAQ: ADUS) is poised for further acquisitions, potentially including some hospice deals. The company is seeking to pair its clinical services with its personal business in its existing markets. Addus’ roughly 33,000 employees provide hospice, home health and private duty nursing services across more than 200 locations in 22 states.

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Hospice News

SEPTEMBER 23, 2024

Gentiva in 2024 and 2025 is laser-focused on staff retention and building out its palliative care platform Empatia. Workforce shortages have plagued the hospice community for years, along with the health care sector at large. CDR in 2022 purchased a 60% stake from the insurance mammoth Humana, Inc., NYSE: HUM) for $2.8

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Hospice News

NOVEMBER 2, 2022

As the dust settles from its divestiture of Kindred at Home’s hospice and personal care segments, Humana Inc. NYSE: HUM) seeks to further expand into value-based care as both a provider and a payer. Kindred Hospice pushed up Humana’s Q3 operating costs by roughly 160 basis and 200 basis points year-to-date.

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Hospice News

JUNE 28, 2023

Hospice of the Chesapeake Appoints New CMO Maryland-based Hospice of the Chesapeake recently named Dr. Marny Fetzer as its new chief medical officer. Fetzer is currently system medical director for palliative care and hospice services at Illinois-based Ascension Health.

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Hospice News

JANUARY 19, 2023

Hospice and behavioral health care could increasingly intersect in coming years as demand for specialized care grows. But the prevalence of mental health conditions and related concerns like isolation and substance abuse mean that hospice and behavioral health providers may need to find more ways to integrate their services.

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Hospice News

JANUARY 17, 2023

Home health and hospice provider Enhabit, Inc. He most recently served as a partner at Bradley, Arant, Boult, Cummings LLP, where he provided legal advice to health care, banking and environmental companies, among others. The company’s more than 10,000 employees provide care from 105 hospice and 252 home health locations in 34 states.

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Hospice News

JULY 18, 2023

Home-based care veteran Rob Radics took the helm as CEO of Fortis Home Health & Hospice in May, and in the early days of his tenure is laser-focused on hospice growth. Most recently, he served as the president of the home health and hospice segments at Aveanna Healthcare Holdings (NASDAQ: AVAH).

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Hospice News

JUNE 29, 2023

(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. Its hospice segment represented $49.08

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Hospice News

FEBRUARY 21, 2024

Combining our home health, hospice, palliative, and high-acuity care services with Optum’s value-based care experience and resources will accelerate Amedisys and Optum’s shared mission to serve more patients and improve outcomes and patient experiences at lower costs.” billion in 2022. The 2022 numbers include $61.4

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Hospice News

FEBRUARY 1, 2024

Natarajan’s role expanded after previously serving as the post-acute company’s chief medical officer for hospice since 2005. In addition to oversee AccentCare’s hospice and palliative care programs, he will also support its clinical care operations and patient experience initiatives.

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Hospice News

JULY 21, 2023

Regulatory challenges have contributed to the hospice sector’s current M&A slump, but this year’s volume nevertheless aligns with experts’ forecasts. This year will be the second consecutive year-over-year decline in hospice activity. You have to go back six years to get an idea of average annual activity. billion.

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Hospice News

MAY 11, 2023

NASDAQ: AVAH) home health and hospice margins. during the same period in 2022. Though Aveanna’s home health and hospice segment has seen greater difficulty during the pandemic compared to its other business lines, the company remains optimistic about its long-term growth potential, according to CFO Dave Ashar. in Q1 from 48.7%

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Hospice News

MAY 3, 2023

NASDAQ: AMED) will merge will Option Care Health (NASDAQ: OPCH), a provider of home- and alternate-site infusion services. Based on 2022 financial results, the combined companies earned roughly $6.2 The relationship between Amedisys and Option Care began long before this merger. The company’s hospice segment accounted for $193.4

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Hospice News

MARCH 1, 2024

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

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