Despite slowed activity in part tempered by the COVID-19 pandemic, hospice and home health provider Encompass Health Corp. (NYSE: EHC) anticipates accelerated M&A activity in the near future, seeking acquisitions in both spaces as markets become thick with competition. Similar to many providers nationwide, Encompass Health was impacted by pandemic-related headwinds throughout 2020. The company’s […]
Illinois-based Joliet Area Community Hospice has rebranded as Lightways Hospice and Serious Illness Care. The new brand is intended to reflect the organization’s continued growth trajectory and expanded patient reach and range of services, including serious illness care, pediatric care and grief support as well as hospice. The rebranding reflects a growing trend in hospice […]
Hospices are increasingly launching Programs for All-Inclusive Care of the Elderly (PACE) programs to engage patients further upstream. Offering PACE services can also position hospice providers for participation in emerging value-based payment models such as Primary Care First and direct contracting. PACE programs depict a comprehensive approach to care for participants who meet certain eligibility […]
LHC Group (NASDAQ: LHCG) aims to continue growth of its hospice services as this year unfolds with a number of acquisitions in the works. Record-high multiples for hospice acquisitions are not deterring LHC Group from pursuing those transactions. Hospice deals accounted for 71% of the $502.5 million the company currently earmarked for its M&A pipeline. […]
A growing number of hospices are developing medical group practices, with home health and palliative care services representing the largest gaps for hospices to fill in terms of community-based services and meeting seriously ill population needs. Out of 1,200 hospice providers nationwide, more than a quarter (26%) indicated interest in developing a medical group practice […]
Individuals with serious mental illness (SMI) face an array of complicated barriers in accessing health care when they reach life’s final stages, leading to significant disparities. Inadequate collaboration among clinicians and lack of psychiatric-specific care are large contributing factors. Providing palliative care services can be a bridge for hospices to close gaps in care and […]
Hospices have contended with two agents of industry-wide change at the start of 2021: access to value-based payment models and a global pandemic. As hospices sought ways to balance the human touch with technology, they’ve refocused efforts around advance care planning, a key element of those value-based models. Those services are one more area in […]
Restricted access to patients during COVID-19 made for choppy waves last year for VITAS Healthcare, a subsidiary company of Chemed Corp. (NYSE: CHE), but the company anticipates normalization on the horizon in a post-pandemic landscape. The pandemic’s turbulent tides have continued to disrupt the overall health care system, but signs of recovery are starting to […]
A robust hospice mergers and acquisitions market is showing no signs of slumping as interest among strategic buyers and private equity investors ramps up. A provider’s performance within evolving value-based payment models may become a factor that potential buyers consider when eyeing a hospice acquisition, particularly as it pertains to their quality and outcomes data. […]
Investors recently poured $25 million into a start-up durable medical equipment (DME) provider, Tomorrow Health. Primarily serving the home-based market, the company’s reach includes hospice and palliative care providers, even as DME demand is anticipated to climb. Based in New York City, Tomorrow Health uses a data-driven platform to connect DME suppliers with payors and […]
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