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

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

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

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

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

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

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

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

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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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

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

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. billion in 2023, swelling from $951.1 Addus HomeCare Corp.

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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

SEPTEMBER 30, 2022

health care market, according to a report that Bank of America (BofA) Global Research shared with Hospice News. The hospice market will grow at an annual rate of 7% to 8%, making it the second-fastest growing health care segment nationwide, trailing only behind personal care, according to findings in the report.

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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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Home Care Pulse

JANUARY 26, 2023

Care Around the Block 7. Griswold Home Care – Fargo Moorhead 8. HomeCentris Personal Care – Montgomery County 10. T he Top 100 Leader in Experience award is the highest honor we bestow, recognizing the 100 agencies with the highest Overall Satisfaction (OSAT) scores in North America.

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Hospice News

APRIL 23, 2024

Residents at the new facility will receive access to 24/7 interdisciplinary hospice services, including assistance with meals, laundry, medication and personal care needs, as well as emotional and spiritual support. The funding boost for Solace Home was included in the Wisconsin Dane County Board of Supervisors’ 2024 budget increase.

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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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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 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

FEBRUARY 12, 2024

The following year, the insurance giant divested Kindred’s hospice and personal care segments, selling a 60% stake to the private equity firm Clayton, Dubilier and Rice (CDR) for $2.8 (NYSE:) acquired the company in 2021. CDR later rebranded the company as Gentiva.

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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 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

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

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

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

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

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

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

MARCH 13, 2024

d/b/a/ Covenant Care, provides hospice across six cities in the panhandle and northwest region of Florida and in three markets across southeast Alabama. Covenant Care has provided hospice, palliative care, home health and personal care for more than 36 years. Covenant Health and Community Services Inc.,

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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

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

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

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

MARCH 14, 2024

The end of 2023 saw revenues start to normalize, with the company seeing further growth on the horizon this year, according to Aveanna CEO Jeff Shaner. Atlanta-headquartered Aveanna provides home health, hospice, personal care and private duty services across 33 states. million in the fourth quarter of 2023, a 6.1%

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Hospice News

FEBRUARY 21, 2024

Optum, a subsidiary of UnitedHealth Group (NYSE: UHN), in June 2023 penned its agreement to acquire Amedisys in an all-cash transaction of $101 per share, or about $3.3 During the third quarter of 2023, Amedisys’ net service revenue rose to $570.8 million from Amedisys’ personal care segment, which the company divested in March 2023.

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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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