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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. This is a cornerstone of its acquisition strategy.
The company reached No. HealthFlex provides home health, hospice, palliative care, social work, and personalcare. The company — currently serving more than 10,000 patients across its business lines — has more than quadrupled in size since its founding in 2012. s list several years running.
The fledgling company pledges to offer patients a suite of wraparound services, including for the terminally ill, to support quality of life and aging in place. Its parent organization also operates senior living, pharmacy, development, independent living, personalcare, assisted living and memory care businesses, among others. “We
Competition with travel nursing firms has been among the drivers of wage increases for hospicecompanies. Texas-based Addus provides personalcare to upwards of 42,000 patients across 22 states and roughly 210 locations. The company also provides home health and hospice services to more than 3,600 patients.
Addus expects the transaction to further its goal of co-locating its clinical services in markets where it already has a personalcare footprint. We are pleased to expand our market presence in Tennessee with the addition of the Tennessee Quality Care operations. The company’s net service revenue reached $251.6
Frontpoint Health has completed its acquisition of the Texas-based home health and hospicecompany High Plains Senior Care Group (HPSC). Financial terms were undisclosed.
Established in 1978, Agrace provides hospice and palliative care in southern Wisconsin. The nonprofit’s other services include personalcare, adult day services and grief support.
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
The company has signed a definitive agreement to sell a 60% stake in Kindred at Home’s (KAH) hospice and personalcare business to the private equity firm Clayton, Dubilier & Rice (CDR) for $2.8 hospicecompany by market share and the leader of a growing for-profit provider based in the Midwest.
The acquisition included the nonprofit health system’s Heartland Hospice and other assets, swelling Gentiva’s presence in the hospice, palliative care and personalcare spaces. The Atlanta-based provider emerged from the former hospice and personalcare segments of Kindred at Home.
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
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
.” – Richard Ashworth, incoming CEO, Amedisys (NASDAQ: AMED) Co-location of services A number of providers that already offer services beyond hospicecare — such as home health, palliative care, PACE or personalcare, among others — seek to bring their business lines together in the same markets.
Developing an inpatient hospice center has been part of Oasis’ “vision” since the beginning, according to Oasis CEO Sade Bello and Hakeem Bello, director of business development. The faith-based hospicecompany received Medicare certification in 2015 and primarily serves an urban region around the Chicago area.
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