Tyler, Tex.-based Choice Homecare of Texas LLC., a holding company focused on health care businesses, has acquired Legacy Hospice, also based in Tyler and Sulphur Springs, Tex., for an undisclosed amount. Legacy will rebrand as Choice Hospice. The transaction marks Choice’s fifth acquisition since Jan. 1, 2018. In addition to hospice, Choice’s holdings include home […]
More than 62% of hospice and palliative care clinicians have suffered from burnout, research indicates. As hospices contend with widespread staff shortages across all disciplines, staff burnout threatens to increase turnover and cause some staff to leave the industry altogether. Factors leading to burnout included emotional exhaustion, working longer hours, being younger than 50-years-old, and […]
The Ensign Group, Inc. (Nasdaq: ENSG), will not stop or slow its acquisition efforts while awaiting the finalization of their forthcoming hospice and home health spin-off, the Pennant Group. Ensign, a rehabilitation and health care services company, announced that it would spin off its hospice, home health, and senior living operations into a publicly traded […]
Joint venture partners LHC Group, Inc. (NASDAQ: LHCG) and Capital Region Medical Center (CRMC) have entered an agreement to purchase one hospice agency in Mexico, Mo., as well as two home health agencies, one located in Jefferson City, Mo. Financial terms of the transaction were undisclosed. The joint venture expects the transaction to close before […]
The Ensign Group, Inc. (Nasdaq: ENSG), will separate its hospice and home health segments into a publicly traded entity called The Pennant Group, Inc., with the split expected to complete in the 4th quarter of the year, pending regulatory, legal and board approval. Pennant will include 60 home health and hospice agencies, 51 senior living […]
A Salt Lake City-based private equity firm has purchased Comfort Hospice & Palliative Care in Portland, Ore., for $20 million. The purchasing company—a large regional operator with 30 additional hospice locations primarily in the Western United States—has not been identified publicly. Comfort Hospice & Palliative Care earns nearly $8.3 million in annual revenues and cares […]
HopeWest, a Grand Junction, Colo., nonprofit hospice provider, is building a new $12 million complex called the Center for Living Your Best to provide comprehensive services for seniors who wish to age in place. In addition to the center, the hospice is also launching handyman and lawn mowing and other services designed to help patients […]
As hospice providers nationwide seek to integrate new medical and non-medical offerings into their portfolios, the National Partnership for Hospice Innovation has developed a forum for nonprofit, community-based hospices to provide mutual support on service diversification. Dubbed the Innovation Lab, the program will study new approaches deployed by the partnership’s members to identify effective new […]
Cornerstone Healthcare Inc., a subsidiary of The Ensign Group (NASDAQ: ENSG), as of May 1 acquired the assets of Texas-based Resolutions Hospice for an undisclosed amount. Cornerstone subsidiaries now operate 26 hospice operations, 25 home health operations, and nine other home care operations across 12 states. Prior to this transaction Resolutions Hospice was a family-owned […]
Rising hospice admission numbers led Baton Rouge, La.-based Amedisys Inc. (NASDAQ: AMED) to robust earnings in the first quarter of 2019. The rise in admissions includes both same-store and those associated with acquisitions. Same-store hospice admissions for Q1 2019 rose 5% to 9,711 patients, up from 6,933 in the first quarter of 2018. Average daily […]
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