Maryland-based Hospice of the Chesapeake has penned an agreement to acquire nearby Calvert Hospice for an undisclosed amount. Both organizations are nonprofits. The two providers have collaborated for several years in a collaborative sharing best practices and supporting growth in specific markets, according to Hospice of the Chesapeake Communications Director Sandra Dillon. “Given the rapidly […]
VITAS Healthcare, a subsidiary of Chemed Corp. (NYSE: CHEM), is going toe-to-toe against referral disruption and continuing workforce pressures. The company came out of the first quarter bruised, but still on its feet. The pandemic continues to impact the company’s facility-based referral sources, particularly with the Omicron surge that lasted through much of the first […]
For better or worse, value-based care may be the most influential concept in 21st Century health care. And with the advent of new payment models, hospices are no longer on the outside of those programs looking in. While value-based care has sound underlying principles — improving quality and lowering costs — stakeholders often discuss these […]
Humana Inc. (NYSE: HUM) has signed a definitive agreement to sell a 60% stake in Kindred at Home’s (KAH) hospice and personal care business to the private equity firm Clayton, Dubilier & Rice (CDR) for $2.8 billion. Humana will retain the remaining 40%. Kindred at Home has been on a circuitous journey with Humana. The […]
Bristol Hospice has acquired Hospice Select in the Dallas-Fort Worth area for an undisclosed sum. Bristol is a large multi-regional player that has grown seven times larger since private equity firm Webster Equity Partners purchased the company in 2017. The hospice operates more than 45 locations across 13 states, with EBITDA that exceeds $70 million, […]
The international biotechnology company Psyence Group has entered into a licensing agreement with Filament Heath Corp. to support development of palliative care drugs derived from natural psilocybin. The agreement gives Psyence an exclusive license to use Filament’s botanical drug candidate PEX010 in clinical trials, initially in the United Kingdom. Both companies are publicly traded on […]
As hospice and palliative care providers seek ways to engage patients and families further upstream, a small but growing cadre of entrepreneurs has been building solutions for needs that emerge downstream — when families are navigating the aftermath of a loved one’s death. Bereaved families must cope not only with grief, but necessary tasks such […]
The Fifth Circuit of the U.S. Court of Appeals has upheld the convictions of former Merida Health Group owner Rodney Mesquais and CEO Henry McInnis for their involvement in a $152 million hospice fraud case. In those convictions, Mesquais and McInnis received prison sentences of 25 and 15 years, respectively. The appeals court decision coincides […]
On April 16 the United States observes National Health Care Decisions Day to foster awareness that patients and families have the right to discuss and document their wishes for the care they will receive at the end of life. True to form, hospices are at the forefront, encouraging patients, families and their clinicians to choose […]
Value-based payment, care in the home and technology are some of the pillars on which UnitedHealth Group (NYSE: UNH) and its subsidiary Optum Health are building their future. That’s evidenced by the forthcoming $5.5 billion acquisition of LHC Group (NASDAQ: LHCG). One outstanding question, however, is where hospice will fit into this rubric. Generally speaking, […]
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