Private Equity Firm Acquires Comfort Hospice & Palliative Care

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 […]

Colorado Hospice to Launch ‘Center for Living Your Best’

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 […]

NPHI Innovation Lab to Support Hospice Service Diversification

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 Acquires Resolutions Hospice

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 Admissions Drive Amedisys Q1 Hospice Results

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 […]

VITAS Margins Solid Despite Admissions Drop

VITAS Healthcare, the largest hospice provider in the United States, showed positive margins for the first quarter of 2019 despite a decline in admissions, according to a quarterly earnings report from its parent company, Chemed Corp. (NYSE: CME). VITAS’ gross margins for routine home care services reached 52.7 percent during the first quarter, a 60 […]

Valor’s New CEO: Focus on Compliance and Outcomes

Patients of Arizona-based Valor Health had an unexpected visitor in early March—CEO Dan Peterson, who recently had a chance to make rounds with his company’s interdisciplinary care team. “It was great to be so close to the clinical team and see the passion they bring to patient care,” Peterson told Hospice News. “I love working […]

Seasons Hospice Opens New Inpatient Facility

Florida-based Seasons Hospice & Palliative Care has opened a new inpatient center on the second floor of Memorial Hospital Pembroke in Pembroke Pines, Fla. The new facility began operating on April 25. Though hospice care is predominantly provided in the patient’s residence, some have symptoms or conditions that cannot be addressed in the home setting. […]

NY Times: ‘GITMO’ Prisoners May Need Hospice Care

The detention center for terrorism suspects at the Guantanamo Naval Base in Cuba is facing an issue they hadn’t previously considered: Inmates are aging, and some will soon need end-of-life and palliative care, according to a New York Times report. The issue is raising a host of questions in the Pentagon, such as how much […]

Strategies to Prevent Drug Diversion in Hospice Care

Hospice providers are paying closer attention to the issue of drug diversion, as the opioid crisis continues and a rising number of prescription drugs finding their way to street dealers and black market internet sites. Consequently, pain management, one of hospices’ most essential priorities, has become more complicated. Hospice providers are seeking new ways to […]