Hospice News

NOVEMBER 11, 2024

The organization, through several home care brands, offers hospice, home health and personal care, along with pediatric services and clinical decision support. The company provides care to nearly 120,000 patients annually across 30 locations in Illinois, Kansas, Missouri and Texas. Seniors 65 and older represent 18.4%

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Hospice News

MAY 2, 2023

Meanwhile, the company’s near-term acquisition sights are set more on home health than in personal care amid potential payment shifts. Pandemic forces winding down in hospice Addus provides home health, personal care and hospice to about 47,500 patients across roughly 203 locations in 22 states. of the company’s $251.6

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Hospice News

DECEMBER 19, 2022

In 2022, the hospice community laid the groundwork for a transformational 2023. During late 2021 and 2022, the U.S. These were some of the key themes in the most-read Hospice News articles of 2022 that centered around the merger and acquisition landscape as well as the regulatory climate. 3–6 Big Provider, Payer Hospice Deals.

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Hospice News

MARCH 12, 2025

Hospice utilization among Medicare decedents 52.23% in Texas in 2022, reported the National Alliance for Care at Home. New Day Healthcare provides hospice, home heath, pediatrics, clinical decision support and personal care to more than 150,000 patients annually from 33 locations across Texas, Missouri, Kansas and Illinois.

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Hospice News

MARCH 4, 2025

Former NAHC President Joins New Day Healthcare, Law Firm Bill Dombi has recently stepped into two new roles following his retirement as president of the National Association for Home Care & Hospice (NAHC). The nonprofit organization provides hospice, palliative care and advanced care planning services across 44 counties in Arkansas.

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Hospice News

MAY 30, 2024

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. The peak chasm certainly was in the second half of 2022, but we’re now approaching two years hence. In 2022, those groups were trading for a premium, all of a sudden.

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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 post Addus Positioned to ‘Stay Acquisitive’ During 2022 appeared first on Hospice News.

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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 received roughly $24 million from the American Rescue Plan Act, utilizing the funding to raise wages while providing sign-on and retention bonuses in 2022. million in revenue for all of 2022.

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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. Soon thereafter, the company announced plans to divest the hospice and personal care segment. (NYSE: HUM) has completed its $2.8 Humana will retain the remaining 40%.

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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

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

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. Similar trends are proliferating among hospitals and health systems that provide these services.

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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. Consequently, transaction volume is expected to be more in line with 2022’s numbers rather than the record-breaking levels of years prior. 15, 2022, down 27% compared to the prior year, according to PwC Health Services’ U.S.

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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

SEPTEMBER 13, 2024

Hospice utilization rates in Oklahoma reached 47.77% among Medicare decedents in 2022, reported the National Alliance for Care at Home. Heart to Heart provides hospice, palliative care and grief support. Seniors 65 and older represent 17.7% of the state’s overall population, according to the U.S. Census Bureau.

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Hospice News

JULY 14, 2023

The Florida-based company is a home-based care franchise that provides home health care, hospice care, palliative care, pediatric care and personal care to about 200,000 patients annually from more than 330 U.S. Mastrapa since 2021 has been an advisor and consultant to multiple health care companies.

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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. million in Q1 2022. Amedisys earned $556.4

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Hospice News

JUNE 29, 2023

Addus expects the transaction to further its goal of co-locating its clinical services in markets where it already has a personal care footprint. We are pleased to expand our market presence in Tennessee with the addition of the Tennessee Quality Care operations. The deal is set to close in the third quarter of the year. “We

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Hospice News

APRIL 4, 2023

In addition to skilled home health, Enclara’s services include hospice, palliative and personal care, and behavioral health. The acquisition presents opportunities for Elara Caring to fill gaps between its adjacent markets in Connecticut and Massachusetts.

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Hospice News

MAY 11, 2023

during the same period in 2022. Although 2022 was a difficult year for our home health and hospice segment, we firmly believe in this business and its long-term value proposition,” Ashar said in an earnings call. “We million increase from Q4 2022. NASDAQ: AVAH) home health and hospice margins. in Q1 from 48.7% dip to $56.1

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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

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

MAY 7, 2024

The personal care, hospice and home health provider is no stranger to acquisitions. for $85 million in October 2022 and picked up Chicago-based Apple Home Health Ltd. The company’s hospice segment, which represents about 20% of the business, earned nearly $56 million in the first quarter. Hospice revenue per day was up 3.7%

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Hospice News

MAY 23, 2023

One contributing factor is that — following a glut of activity in 2021 and 2022 — fewer quality hospices are left on the market, the Mertz Taggart report indicated. “To The current state of hospice M&A The downward trend started to emerge in late 2022, when deal volumes and valuations dipped from the record highs of the preceding years.

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Hospice News

OCTOBER 14, 2022

Texas-based Choice Health at Home’s recent purchase of Instant Care of Arizona is bursting with long-term growth potential. The deal marked Choice’s first steps into the Arizona market and made the company a stronger player in the private duty and personal care arenas. Instant Care is Choice’s second acquisition this year.

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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

DECEMBER 6, 2022

Kusserow – who holds a reputation as a successful turnaround executive – held the Amedisys CEO role from 2014 until early 2022. During that time, he helped spearhead the company’s aggressive hospice expansion, epitomized by the industry-shaping acquisitions of Compassionate Care Hospice, AseraCare and other businesses.

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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. During his time leading the company, Amedisys’ market capitalization rose to more than $5.3 billion from $900 million.

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Hospice News

SEPTEMBER 23, 2024

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., Gentiva is a portfolio company of the private equity firm Clayton, Dubilier & Rice (CDR). NYSE: HUM) for $2.8

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Hospice News

OCTOBER 18, 2023

Some Aetna health plans will now offer a certain number of hours of personal care assistance for activities of daily living, she indicated. The company is also leveraging palliative care services to further reduce hospitalizations and allow seniors to age in place for as long as possible.

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Hospice News

MARCH 1, 2024

Frontpoint, a portfolio company of Cimarron Healthcare Capital and Tacoma Holdings, is an emerging provider of home health, hospice, palliative and personal care with a focus on Medicare Advantage enrollees in Texas markets. Financial terms were undisclosed.

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Hospice News

MARCH 21, 2023

Turnover among registered hospice nurses, for example, reached 25.15% during 2022, according to the 2022-2023 Hospice Salary & Benefits Report , published by Hospital & Healthcare Compensation Service (HCS) in cooperation with the National Association for Home Care & Hospice (NAHC).

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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

NOVEMBER 9, 2023

It provides home health, hospice, private duty and personal care. Aveanna also provides medical solutions and durable medical equipment, among other adult and pediatric health care services. compared to Q3 in 2022. The Atlanta-headquartered company has locations in 33 states. million, a 6.3% year-over-year increase.

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Hospice News

OCTOBER 31, 2023

All told, Addus provides hospice, home health and personal care to an estimated 47,500 patients annually across 203 locations in 22 states. Acquisitions contributed about $65 million to Addus’ bottom line in 2022. The company purchased Illinois-based hospice provider JourneyCare Inc.

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Hospice News

MAY 23, 2023

million in Q1 2022. “I The home health, hospice and personal care provider has been on a growth trajectory in recent years, particularly through acquisitions. In 2022, Jet Health acquired Trio Home Health Care and Hospice and Blessings Hospice, both Texas-based. million in the prior year’s quarter.

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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. Other services available include 24/7 access to personal care, assistance with activities of daily living, medication management and respite care.

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