Hospice News

MAY 27, 2025

The ecosystem in healthcare is very delicate, Wildebrandt said. The past two years also saw some earnings stabilization among publicly traded companies. Most of the major public hospice companies saw revenue increase year-over-year and sequentially during 2024 and early 2025, with one or two outliers.

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Hospice News

JANUARY 9, 2025

Hospice providers across the country have recently launched new inpatient facilities as 2025 unfolds. The new year may also bring closures of certain hospice programs. VITAS Opens 2 New Locations VITAS Healthcare on Wednesday announced the opening of its new inpatient hospice unit in Fort Worth, Texas.

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Hospice News

MARCH 18, 2025

When considering transactions, the company seeks out often struggling companies in its existing or expanded markets that earn between $3 million and $10 million in revenue and sell at a multiple of 5x to 8x for hospice companies. The company also completed some senior living transactions.

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Hospice News

AUGUST 30, 2024

The company has twice been selected as a “Best Place to Work” by Modern Healthcare. 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).

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Hospice News

APRIL 16, 2024

During the past two years, the insurance giant has completed a slew of acquisitions spanning much of the health care continuum — including hospice, palliative care and home health — as well as health care technology, largely through its subsidiary Optum. We have a good strong strategy for how we navigate through this dynamic.

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Hospice News

JULY 12, 2022

Joint ventures allow providers to pool clinicians to work across a variety of settings, according to Freeman Smith, president of the north region of Traditions Health, a portfolio company of Dorilton Capital Advisors. organic growth for all of our joint venture locations throughout our portfolio for hospice.”.

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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. Optum closed its $5.4

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Hospice News

MAY 7, 2025

Pennant is the holding company for a cluster of independent hospice, home health and senior living providers located across 13 states. Year to date, the company has added more than 60 CEOs to its portfolio agencies as well as 40 internal clinical leaders. The company also completed some senior living transactions.

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Hospice News

JUNE 8, 2022

So it’s been competitive for us,” Addus CFO and Executive Vice President Brian Poff said at the Jefferies Healthcare Conference. “I Competition with travel nursing firms has been among the drivers of wage increases for hospice companies. I think over the last few months as some of those contract rates have pulled back.

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Hospice News

MARCH 1, 2024

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! Financial terms were undisclosed.

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Hospice News

JULY 3, 2023

A number of companies advertise their licenses on websites designed to connect buyers and sellers across a range of industries, including hospices. On two of these sites combined, close to 200 hospice companies had posted about licenses for sale, with most asking for prices in the vicinity of $300,000 to $350,000.

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Hospice News

SEPTEMBER 7, 2022

Some hospice company leaders have signaled the labor market may be showing signs of stabilization.

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Hospice News

NOVEMBER 17, 2022

Rising interest rates and unlikely to deter investors or strategic buyers from acquiring hospice companies. Higher interest rates will push up borrowing costs, making hospices more expensive to purchase in the long-run. The Federal Reserve raised interest rates by 0.75% earlier this month. The rates now range from 3.75% to 4%.

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Hospice News

JUNE 29, 2023

This year, the company has been weighting its deal pipeline more towards home health and personal care with less of a focus on standalone hospice companies, due to high valuations in the space. “In

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Hospice News

JULY 21, 2023

The glut of transactions during the prior two years depleted the “supply of acquisition targets” available, Kevin Palamara, managing director of Provident Healthcare Partners LLC, indicated. However, he too foresees a potential rebound and predicts that interest in the hospice sector will remain high, Palamara said.

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Hospice News

MARCH 29, 2024

“More and more people are being served by hospice every year, and CMS needs to recognize the dynamic value the benefit provides – not only from the improved quality of life hospices provide, but also from the huge financial savings to Medicare that utilization of the hospice benefit drives.”

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Hospice News

DECEMBER 12, 2022

The payer has deployed billions in capital towards high-profile acquisitions aimed at growing Optum’s capabilities, including the purchase of the health care tech firm Change Healthcare and the in-home medical group Landmark Health. The new home health and hospice company expects to earn nearly $1.07 billion to $1.08

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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. Hospice aides and CNAs also represented a large percentage of job vacancies and saw high turnover rates, 19.05% and 29.84%, respectively. Nurses also accounted for 16.97% of vacancies.

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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. Among these is VITAS Healthcare, a subsidiary of Chemed Corp.

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Hospice News

JUNE 16, 2022

That year, for example, LHC Group acquired home health and hospice operations in 22 states from a joint venture between Brookdale Senior Living (NYSE: BKD) and hospital system HCA Healthcare (NYSE: HCA). Meanwhile, investors that are snatching up hospice acquisitions have increasingly seen value in selling them off, continued Kulik.

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Hospice News

DECEMBER 13, 2022

Signatories on the joint letter included LeadingAge, the National Association for Home Care & Hospice (NAHC), the National Hospice and Palliative Care Organization (NHPCO), and the National Partnership for Healthcare and Hospice Innovation (NPHI). The average bonus for registered nurses was $6,330. .

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1-800-HOSPICE

APRIL 23, 2024

NAHC Vice President for Hospice Policy Davis Baird expressed disappointment with the modest 2.6% payment rate update proposed by CMS, emphasizing the increasing costs hospices face due to workforce shortages and inflationary challenges.

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Hospice News

MAY 11, 2022

“If you realize that our average patients are in their 70s, a lot of these patients are — not trying to in any way be disrespectful — but kind of frequent flyers,” Addus CEO DIrk Allison said at the Bank of America Healthcare Conference. They end up in the hospital a great deal of time. They go to the emergency room a lot.

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Hospice News

AUGUST 3, 2022

Hospice News sat down with Randal Schultz, a certified public accountant and health care lawyer with the Minneapolis-based firm Lathrop GPM, to discuss this regulatory landscape and the factors that can draw a PE firm towards acquiring a hospice company. Who are the best people to run a health care organization?

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Traditions Health

JANUARY 17, 2024

Before joining Traditions Health, Bash served as regional vice president of sales for a $220 million net revenue agency where she was consistently ranked in the top 10% of the company. A graduate of the University of Texas, Bash was inspired to start her healthcare career as a dietitian in northern California.

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Hearts for Hospice & Home Health

JULY 1, 2021

Administrative professionals join from SelectHealth, Predictive Biotech Valeo Home Health and Hospice, LLC, a Utah-based home health and hospice company, announce that Collin Swenson and Jenica Floyd have joined the company as executive team members in the roles of Vice President of Finance and Director of Human Resources, respectively.

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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 prior two years also saw some earnings stabilization among publicly traded companies.

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Hospice News

MARCH 19, 2025

VITAS Healthcare, a subsidiary of Chemed Corp. NYSE: CHE) has achieved the American Heart Association (AHA) Palliative/Hospice Heart Failure certification across all 15 states in which the company operates.

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Hospice News

JUNE 22, 2023

Recent allegations that staff at HCA Healthcare (NYSE: HCA) put pressure on patients to enter hospice dovetail with longstanding questions over how and when patients should be referred. SEIU benchmarked HCA’s hospice transfer rates against national data. billion acquisition of the home health and hospice company LHC Group.

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Hospice News

JULY 19, 2022

Hospice News spoke with three hospice leaders about the disruption they expect to see in the industry as payers expand their roles as providers, including the CEO of a California nonprofit, the top executive from the largest U.S. hospice company by market share and the leader of a growing for-profit provider based in the Midwest.

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Hospice News

DECEMBER 21, 2022

Hospices simply did not have enough staff to meet demand, which drove some of them out of business. Executives from almost every publicly traded hospice company raised this issue in earnings calls and presentations throughout the year. NYSE: CHEM) VITAS Healthcare. “So Others included Amedisys and Chemed Corp.

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Hospice News

JANUARY 19, 2023

The organizations penned a joint letter to CMS in November urging for increased oversight to help curb hospice frauds, including the National Association for Home Care & Hospice (NAHC), National Hospice and Palliative Care Organization (NHPCO), National Partnership for Healthcare and Hospice Innovation (NPHI) and LeadingAge.

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Hospice News

MARCH 8, 2024

The hospice market in Las Vegas has vastly changed with a swell of new providers within the last decade, according to Belloumini. Las Vegas was much different in terms of much lower hospice provider numbers, now in the present day we have something between 150 to 180 hospice companies,” Belluomini told Hospice News.

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Hospice News

JUNE 23, 2022

Ginn made these comments in a presentation at the Bank of America Securities Annual Healthcare Conference in Las Vegas. With these factors in mind, a rising number of patients are being cared for by PE-owned hospices.

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NHPCO

JANUARY 19, 2023

.) – The four national hospice provider organizations: LeadingAge , the National Association for Home Care & Hospice (NAHC) , the National Hospice and Palliative Care Organization (NHPCO) , and the National Partnership for Healthcare and Hospice Innovation (NPHI) , provided the Centers for Medicare and Medicaid Services (CMS) and key Congressional (..)

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Hospice News

FEBRUARY 27, 2024

During the past two years, the insurance giant has completed a slew of acquisitions spanning much of the health care continuum — including hospice, palliative care and home health — as well as health care technology, largely through its subsidiary Optum. The company in Q4 of last year saw a 33.9% This followed its $5.4

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Hospice News

MAY 14, 2025

Florida-based VITAS Healthcare is taking a more relationship-based approach to growth in 2025. The prospect of acquisitions is playing a larger role, with the hospice company recently setting its sights on expansion across 12 states. The Chemed Corp. This can also benefit VITAS when M&A opportunities arise, he stated.

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