AngMar Medical Holdings, Inc. has acquired two hospice providers in Texas, Graham Regional Hospice and Reliable Hospice. The hospices were purchased for an undisclosed sum. These acquisitions mark the second and third hospice transactions completed by AngMar since October 2019. The company entered the hospice market with its October purchase of an unnamed company that […]
North Dakota has revised its definition of compassionate end-of-life care visits as the state begins to relax restrictions as to who can access nursing homes and assisted living facilities. Since implementing the restrictions in March as the pandemic ramped up, North Dakota exempted hospice providers and other end-of-life care clinicians from rules limiting access, but […]
Older adults who suffer from a life-limiting illness or advanced dementia may benefit from cessation of diabetes treatment as they near their final days, new research has found. Prior research on appropriate levels of diabetes is scarce, according to the study’s authors. But their conclusions suggest that continuing diabetes treatment at the end of life […]
Maryland-based Hospice of the Chesapeake has signed a letter of intent to acquire the Hospice of Charles County. Financial terms of the transaction are yet to be determined pending a 30-to-60 day conditional discovery period. When the deal is executed, it will expand Hospice of the Chesapeake’s geographic footprint to three counties in the organization’s […]
The National Hospice & Palliative Care Organization (NHPCO) has called on federal regulators to extend the federally declared public health emergency addressing the COVID-19 pandemic. The emergency declaration is scheduled to end in July, but the Trump administration has the ability to extend the time period. Though the pandemic continues unabated, the public health emergency […]
The COVID-19 pandemic has set off global economic shockwaves, pushing the nation and much of the world into a deepening recession. While hospices have taken significant financial blows stemming from the outbreak, leaders in the space have displayed confidence that hospice remains a recession-proof industry. The National Bureau of Economic Research (NBER) has indicated that […]
The U.S. Centers for Medicare and Medicaid Services (CMS) is extending the Medicare Care Choices Model by one year. The program is now expected to remain in effect until Dec. 31, 2021, meaning that providers can enroll eligible beneficiaries through June 30, 2021 and provide supportive services through the program’s scheduled end date. Through the […]
The U.S. Department of Health & Human Services Office of the Inspector General (OIG) in its June report to Congress indicated that it was adding advance care planning to its work plan. The OIG Work Plan details the office’s projects for the current and future fiscal years, including audits and evaluations. An issue may come […]
Louisiana-based Hospice of Acadiana is starting construction on an 8,500-square-foot facility adjacent to the company’s home office. The hospice will provide general inpatient care, respite care and some routine home care onsite. Patients whose symptoms are too severe to manage in a private residence will have access to the facility, as well as homeless patients […]
While private equity interest in the hospice space remains hot, some players have abandoned or postponed plans to bring their holdings to the acquisitions market during the COVID-19 pandemic. While many expect the market to rebound by the third or fourth quarter of the year, nothing is certain as COVID cases continue to spike throughout […]