Traditions Health has purchased Oklahoma-based Physician’s Choice Hospice and Palladium Hospice, which operates in multiple states in the Southeast. Financial terms were undisclosed for both transactions. Traditions is a portfolio company of family-owned investment firm Dorilton Capital Advisors. In addition to hospice, the company offers skilled nursing, therapy and home health services. With the Palladium […]
Hospices seeking to sell their business to a larger provider or a private equity firm can attract potential buyers by leveraging their outcomes, scale and staffing. These factors dovetail with strategies that can help providers excel in payer negotiations within value-based payment structures. The hospice M&A market has been the most active in the health […]
Hospice News’ on Sept. 23 is hosting its first virtual Demo Day event in which technology companies will showcase their newest software solutions for providers. Nine companies will be presenting during the event. With widespread cancellations of in-person industry conferences, providers have lost many opportunities during 2020 to interface with vendors and learn about emerging […]
Legislators in the state of Louisiana are calling for an investigation into allegations that Ochsner Health System in the New Orleans area sent patients home or into hospice despite objections from their families. A ProPublica investigation revealed the allegations earlier this month. Members of the Louisiana Legislative Black Caucus have called on Gov. Jon Bel Edwards, […]
Connecticut-based Foothills Visiting Nurse & Home Care has merged with Salisbury Visiting Nurse Association (VNA). Also joining in the merger is VNA Northwest which Foothills acquired in January for an undisclosed sum. The combined organization will be branded as Visiting Nurse & Hospice of Litchfield County. The merging organizations provide hospice, home health care and […]
Hospice and home health provider LHC Group (NASDAQ: LHCG) has seen its hospice admissions stabilize after a period of disruption stemming from the COVID-19 pandemic. Even amid coronavirus headwinds, LHC Group’s hospice segment has continued to grow. The segment brought in more than $61 million during the spring quarter of 2020, representing roughly 13% of […]
Family caregivers for patients in hospice or who are suffering from serious illness tend to see declines in their own health. A study by the Blue Cross Blue Shield Association’s (BCBSA) found that the stress and pressure of caregiving can contribute to conditions such as high blood pressure, depression and anxiety, as well as increase […]
More than a year after two major hospice reports, the U.S. Department of Health & Human Services Office of the Inspector General (OIG) continues to look hard at the industry to address concerns ranging from billing and claims to patient safety. Reports are forthcoming from OIG that address the ways that the hospice inpatient aggregate […]
Private equity-backed Bristol Hospice has completed its third acquisition of the year with the purchase of Remita Health for an undisclosed sum. Remita Health provides Hospice Care in California, Arizona and Nevada. Bristol is a portfolio company of the PE firm Webster Equity Partners, which acquired the company in 2017. Remita is also supported by […]
Referral volumes for Encompass Health’s (NASDAQ: EHC) hospice and home health businesses have returned to pre-pandemic levels, even as their inpatient rehabilitation hospital segment also regains financial ground lost to COVID-19 during the first quarter. The company took hits in March and April due to the pandemic, which brought on declining referrals and skyrocketing costs […]