Hospice M&A Gained Momentum in Fourth Quarter 2020

The hospice, home health and home care sector saw a significant uptick in merger and acquisition transactions during the fourth quarter of 2020. About 51 deals took place in Q4 among those industries, according to a quarterly report by M&A advisory firm Mertz Taggart. Among the various segments of the health care industry, hospice continues […]

NHPCO Voices Hospice Priorities to Biden Administration

As Joe Biden prepares to launch his administration, hospice industry stakeholders are calling for stepped up vaccinations for staff, aid for additional personal protective equipment (PPE) and extension of regulatory flexibilities implemented during the COVID-19 pandemic.   The National Hospice & Palliative Care Organization (NHPCO) has written to Biden to push for hospice priorities as the […]

Webster Equity Partners Plans Sale of Bristol Hospice

Private equity firm Webster Equity Partners is considering the sale of Bristol Hospice, which operates 35 locations across 10 states, PE Hub has reported. Bristol’s EBITDA is in excess of $70 million, indicating that the company is about seven times larger than when Webster first acquired it in 2017, according to PE Hub. That degree […]

Heartland Hospice Expands in Minnesota

Heartland Hospice has opened a de novo location in Mankato, Minn., which will serve four counties in the south central region of that state. Heartland is a subsidiary of ProMedica Senior Care. Parent company ProMedica provides hospice, home health and also includes a network of 13 hospitals, 2,600 physicians, a health plan, 400 skilled nursing and […]

Aida Matic Named VP of Development at Houston Hospice

Houston Hospice in Texas has appointed Aida Matic as its new vice president of development and community engagement. She comes to the company from Tidewell Hospice in Florida.  Matic worked for 10 years at Tidewell, a subsidiary of Stratum Health. Most recently she served as vice president of philanthropy, having risen through the ranks from […]

MEDPAC Votes to Slash Hospice Aggregate Payment Cap

The Medicare Payment Advisory Commission (MEDPAC) has voted unanimously to eliminate the update to the Fiscal Year 2021 Medicare base payment rates for hospice for Fiscal Year 2022 and to cut by 20% the hospice aggregate cap.The payment cap is the upper limit to the amount of funds a hospice can collect from Medicare in […]

Amedisys Expecting Strong Growth in Chronic Illness Care

Amedisys Inc. (NASDAQ: AMED) foresees strong growth moving forward, fed by demographic tailwinds and a greater shift of health care towards the home, which has been accelerated by COVID-19. A key strategy for the company as more chronically ill seniors age into Medicare is the build up of ancillary services such as personal care and […]

CFO Phenneger: ST. Croix Hospice Poised for Steady Growth

Stephen Phenneger has been named president and CFO of St. Croix Hospice, where he has served as acting CFO since March. Phenneger was acting CFO during the sale of St. Croix to the private equity firm H.I.G. Capital by previous owner the Vistria Group, a Chicago- based investment firm. He previously served as executive vice president […]

NPHI: Vaccine Roll Out Needs New Approach

Vaccine distribution to hospice and other health care providers has been lacking and stakeholders must take action to address supply chain problems, according to Tom Koutsoumpas, CEO of Capital Caring Health and the National Partnership for Hospice Innovation (NPHI). NPHI called on policymakers at the state and federal levels to address inconsistencies.  Three large drugmakers […]

St. Croix Opens Nebraska De Novo

St. Croix Hospice has launched a de novo location in Norfolk, Nebraska, extending the company’s footprint into the northeastern region of that state. St. Croix is a portfolio company of the private equity firm H.I.G. Capital. St. Croix has been on a solid growth trajectory during 2020 and into this year. The company expanded last […]