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The nation’s publicly traded hospicecompanies 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. VITAS is not alone. for an undisclosed amount.
As Addus HomeCare Corp (NASDAQ: ADUS) gears up for expansion, the company is focused on ensuring its workforce can absorb the growing capacity. . Competition with travel nursing firms has been among the drivers of wage increases for hospicecompanies. Addus has not been immune to the labor headwinds plaguing the industry.
They include Texas-headquartered Traditions Health, Bridge Home Health & Hospice and Healthflex Home Health & Hospice, both in California. Philadelphia-based All-American Home Care and Innovative Homecare Solutions in Illinois also appeared on the list. The company reached No. said in a statement.
Addus HomeCare Corp. 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.
Humana to Sell 60% of Kindred at Home Hospice to CDR for $2.8 billion divestiture of a 60% stake in Kindred at Home’s hospice and personalcare segments to the private equity firm Clayton, Dubilier & Rice. 9 The Fastest Growing US HospiceCompanies (Oct. Billion (April 21). s (NYSE: HUM) $2.8
billion divestiture of a 60% stake in Kindred at Home’s hospice and personalcare segments to the private equity firm Clayton, Dubilier & Rice. Humana retained Kindred’s home health assets, as well as 40% of the hospice business. The new home health and hospicecompany expects to earn nearly $1.07
Addus HomeCare (NASDAQ: ADUS) has gone all-in on building out its care continuum. Launched as a personalcare provider, the company in 2016 began offering hospice and home health to enhance its value proposition for payers by further reducing hospitalizations and emergency department visits. “If
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