Hospice News

MARCH 20, 2023

In 2023, the focus for many is to not only expand their core business but to spread further into the care continuum. The below comments were taken from original interviews, conducted in person and via the phone, throughout early 2023. In this story, Hospice News highlights the growth strategies of several providers.

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Hospice News

MAY 23, 2023

Hospice merger and acquisition activity has taken a downturn in 2023, which is in line with projections from M&A experts. Approximately 14 hospice, home care and home health transactions were reported during the first quarter of 2023, according to recent data from Mertz Taggart. NYSE: HUM) for $2.8

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Hospice News

DECEMBER 9, 2024

Among the most significant dealmakers in the hospice space this year was Optum, subsidiary of the insurance and health care giant UnitedHealth Group (NYSE: UNH). billion acquisition of LHC Group in 2023. billion, swooping in after Option Care Health (Nasdaq: OPCH) agreed to buy the company. Optum completed its $5.4

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Hospice News

MARCH 18, 2025

Texas-headquartered Addus provides personal care, home health and hospice services in 23 states. Addus acquisition strategy focuses on pairing its clinical services with its personal care business across its existing markets. The health insurance giant purchased LHC Group in 2023 for $5.4

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Hospice News

DECEMBER 17, 2024

LeadingAge recently penned a letter to Congress requested a two-year extension of the temporary hospice recertification rule, along with several other Medicare telehealth waivers including the Creating Opportunities Now for Necessary and Effective Care Technologies (CONNECT) for Health Act of 2023 and the Telehealth Modernization Act of 2024.

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Hospice News

NOVEMBER 4, 2022

Uncertainty earlier this year around Medicare’s proposed 2023 home health payment rates led some stakeholders to expect a swerve towards hospice. aggregate cut in the home health base rate, reported Hospice News sister publication Home Health Care News. Centers for Medicare & Medicaid Services (CMS) in August proposed a 4.2%

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Hospice News

MAY 24, 2024

The nation’s publicly traded hospice companies are primed for more acquisitions after a 2023 slump, fueled by census and growth. Transaction volume declined in the hospice and home-based care space in 2023, following the two record-breaking prior years. raise compared to Q1 in 2023. for an undisclosed amount.

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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. Addus anticipates positive staffing trends to continue in 2023, partly fed by the company’s recruitment efforts, Addus CEO Dirk Allison said in an earnings call. This represented 20.5%

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Hospice News

JULY 17, 2024

The startup Tuesday Health launched in 2023, emerging from a partnership between Valtruis and Mass General Brigham Ventures. The Tuesday Health partnership is only the most recent palliative care investment from CareSource. In April 2023, CareSource established a similar relationship with Pure Healthcare.

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Hospice News

OCTOBER 5, 2022

The state is one of three in which Addus offers its trifecta of business lines — personal care, home health and hospice. This acquisition is commensurate with our growth strategy to leverage our strong personal care presence and add clinical services.”. for an undisclosed sum. Company-wide revenues reached $236.9

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Hospice News

JUNE 28, 2024

The company currently offers value-based home health, hospice, personal care services, behavioral health and palliative care from 200 locations throughout 18 states. Elara Caring’s clinicians serve more than 60,000 patients. This is the latest in a string of transactions for Elara Caring.

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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. per hour among hospices affiliated with a parent organization or home care agency.

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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

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. We remain confident that the investments we made to support 2023 growth have positioned us well,” Diamond said.

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Daily Nurse

APRIL 1, 2025

The National Association of Nurse Practitioners in Women’s Health (NPWH) is celebrating this momentnot just for the profession at large, but for the life-changing work of Women’s Health Nurse Practitioners (WHNP-BCs) who continue to fill care gaps for women and gender-diverse individuals across the country. According to the U.S.

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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. based on the feedback we’ve received — we expect to see an increase in potentially larger transactions in late 2022 in early 2023.”.

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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. In 2023, Gentiva was among the comparatively few companies that actively pursued large hospice deals. CDR in 2022 purchased a 60% stake from the insurance mammoth Humana, Inc., NYSE: HUM) for $2.8

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Hospice News

JANUARY 2, 2023

The hospice provider has also revamped employee health insurance plans in 2023. 1, Agrace is implementing a self-insured health insurance program for employees who make less than $26 per hour, meaning that these staff will pay lower monthly premiums for their health care coverage. Effective Jan.

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Hospice News

MAY 10, 2023

Hospices are increasingly eying palliative care as a promising growth opportunity, prioritizing expansion in that field over other health care service lines. 2023 Hospice News Outlook Survey and Report. Palliative Care News photo). This is a rise from last year’s results in which 52% of respondents reported the same.

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Hospice News

DECEMBER 12, 2022

These interesting, unusual or groundbreaking deals could signal what’s to come in 2023 and help shape the hospice market’s long-term future. The transaction, now expected to close in the first quarter of 2023, also marked one of the most unexpected and expensive deals to take place in the hospice sector. Optum to pick up LHC Group.

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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

FEBRUARY 27, 2023

The hospice, palliative care and personal care provider Gentiva has agreed to acquire Heartland Hospice and other assets from the home-based care company ProMedica. The Atlanta-based provider emerged from the former hospice and personal care segments of Kindred at Home. NYSE: HUM) for $2.8

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Hospice News

MAY 30, 2024

But deal volume has largely declined in late 2023 and early 2024, and valuations are starting to come down. Hospices generally still command higher valuations than other providers in the home-based care market, such as traditional home health or personal care, Kevin Palamara, managing director at Provident, indicated.

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Hospice News

JANUARY 24, 2024

Emerging training models More palliative care education pathways have emerged in recent years, including a virtual reality-based training program that Brigham and Women’s Hospital launched into developing in November 2023. It’s about working together to assess the needs with wraparound care.”

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Hospice News

MARCH 3, 2023

Many in the space expect smaller deals to become more prevalent during the first half of 2023, particularly in light of rising interest rates and other economic forces. But I do think we can expect to see more of these larger deals as we get deeper into 2023 and more assets come to market. s (NYSE: HUM) $2.8

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Hospice News

FEBRUARY 1, 2024

The company merged with Illinois-based Seasons Hospice & Palliative Care in 2020. AccentCare provides hospice, palliative and personal care, along with home health, non-medical services, care management and high-acuity home care. Foundation since 2017, serving as its president from 2019 to 2021.

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Hospice News

JULY 21, 2023

Transaction activity is slightly behind where we thought it would be for 2023, particularly the pace of lower middle market add-on activity.” The acquisition included the nonprofit health system’s Heartland Hospice and other assets, swelling Gentiva’s presence in the hospice, palliative care and personal care spaces.

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Hospice News

APRIL 11, 2024

PACE Center, we embark on a new chapter to revolutionize health care accessibility and enhance the quality of life in the communities we serve,” Cook said in an announcement. The personalized care provided by PACE could be the solution many older adults and their families are looking for.

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Hospice News

SEPTEMBER 7, 2023

NorthShore folded its in-house hospice and community-based palliative care programs into Residential in 2023, a transition that is expected to be completed this month.

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Hospice News

JULY 24, 2023

The organization includes a network of 13 hospitals, 2,600 physicians, a health plan, 400 skilled nursing and rehabilitation centers, memory care communities and outpatient rehabilitation clinics. billion divestiture of Kindred at Home’s hospice and personal care segments. s (NYSE: HUM) $2.8 Census Bureau.

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Hospice News

DECEMBER 19, 2022

In 2022, the hospice community laid the groundwork for a transformational 2023. The deal was initially expected to close this year, but the Lafayette-Louisiana-based home health and hospice provider recently indicated that Q1 2023 was more likely, according to a U.S. and Sterling Hospice Care, Inc. #8 Billion (April 21).

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Hospice News

DECEMBER 21, 2023

NAHC was established in 1982 and today boasts more than 33,000 member organizations from the home health, home care and hospice industries, among other stakeholders. As of November 2023, NHPCO has 1,073 organizational members which represent 4,395 locations and 68,303 individuals.

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Hospice News

JANUARY 25, 2023

AccentCare has been building such partnerships for years, but in 2023 they have become a rising priority. Dallas-headquartered AccentCare is a portfolio company of the private equity firm Advent International, offering hospice, palliative care, personal care, non-medical services, home health, care management and high-acuity home care.

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Hospice News

MAY 3, 2023

. “This transaction unites two leading and complementary companies to provide unsurpassed care and superior clinical outcomes to patients,” Rademacher said in a statement. The relationship between Amedisys and Option Care began long before this merger. million in net service revenue during Q1 2023, up $11.1

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Hospice News

MAY 11, 2023

“We have an established home health and hospice platform poised for growth focused on delivering value through sound operational management, and delivering excellence in patient care. We expect to see some sequential improvement throughout 2023 as our direct and indirect cost initiatives take hold.” We’re still in a slugfest.

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Hospice News

APRIL 23, 2024

Thus far in 2024, 625 patients have been active in the program; 1,000 were enrolled in 2023. The initial patient satisfaction rates have translated into longer-term satisfactory remarks, Cotter said, because of that continued human touch, the diminished hospitalizations, and personal palliative care.

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Hospice News

OCTOBER 4, 2024

Virtual palliative services can be as effective as in-person care in helping to improve quality of life among patients with lung cancer, recent research has found. The clinical trial study compared the outcomes of patients receiving in-person palliative services with those utilizing video visits.

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