Alleo Health System has acquired Atlanta-based Angel Heart Hospice, as well as that company’s palliative care services, for an undisclosed amount. This continues Alleo’s growth trajectory as the company has pursued a number of acquisitions and developed new disease-specific programs this year.
This move expands Alleo’s footprint to eight additional Georgia counties. In Georgia, 51% of Medicare descendants elected to receive hospice care during 2018, according to the National Hospice & Palliative Care Organization.
“As the Alleo Health System family extends our not-for-profit model of care to the Atlanta area, we know we’ll be able to have a profound impact on families in the region,” said Tracy Wood, President and CEO of Alleo Health. “With our medical, emotional, and spiritual resources, Angel Heart Hospice will continue to serve as a beacon of hope in its community.”
Alleo has been pursuing an aggressive growth strategy this year, seeking to expand its geographic footprint and its patient census to better position the nonprofit to negotiate with payers. Alleo is preparing for the inclusion of hospice in the U.S. Center for Medicare & Medicaid Services’ (CMS) value-based insurance design model demonstration project in 2021, commonly called the Medicare Advantage hospice carve-in.
Alleo Health System emerged on the scene in 2019 when the non-profit Hospice of Chattanooga rebranded its network of hospice and palliative care providers, which now serve nearly 30 counties in Tennessee, Georgia, North Carolina and Alabama.
Alleo is the parent company of Hospice of Chattanooga, Palliative Care Services, Good Shepherd Hospice, Comprehensive Care, Upper Cumberland Hospice and Palliative Care Services, and Kangaroo Kidz. Kangaroo Kidz is the Chattanooga region’s only pediatric specialty hospice and palliative care provider.
Earlier this year, Alleo acquired Upper Cumberland Hospice & Palliative Care and launched a new program specific to cardiac patients, as well as a program to serve pulmonary patients. In July, the nonprofit organization also acquired ABC Hospice in Alabama.
“We are excited to extend the Alleo Health System into the greater Atlanta region,” said Wood. “We are confident that the mission of Alleo Health System will be carried out by Angel Heart Hospice, and we are proud they will be joining our family of not-for-profit organizations.”