Ohio-based HMC Hospice of Medina County, an affiliate of Hospice of the Western Reserve, will re-open its inpatient facility effective Jan 17. The unit had closed in June 2020 due to concerns stemming from the COVID-19 pandemic. The closure took place amid other cost-cutting and safety-related measures as the hospice contended with the scarcity and […]
The acquisition of Contessa Health by Amedisys (NASDAQ: AMED) is opening new lines of communication with hospitals and health systems that could fuel further expansion by the home health and hospice provider. Amedisys purchased Contessa in June 2021 for a total consideration of $250 million. Contessa Health is a Tennessee-based company that provides hospital-at-home and […]
LHC Group (NASDAQ: LHC) had a record-breaking year when it came to acquisitions during 2021, with much of that activity leaning towards hospice. As 2022 begins, the company is focused on integrating those new assets and elevating their performance to its full potential, while fueling further growth with de novos and its joint venture strategy. […]
Texas-headquartered Choice Health at Home has closed a $190 million credit facility led by Oxford Finance, a global specialty financial firm focused on life sciences and health care investments. In conjunction with this infusion of capital, Choice has purchased Kindful Hospice and Amed Home. Financial terms were undisclosed. AllianceBernstein and Maranon Capital served as co-syndication […]
South Carolina-headquartered Agape Care is steaming forward with its plans for multi-state expansion with the acquisition of Lanier Hospice in Georgia for an undisclosed sum. The deal extends Agape’s footprint to 98 Georgia counties, covering 65% of the state. Agape is a portfolio company of the private equity firm Ridgemont Equity Partners, which last October […]
Maine-based Androscoggin Home Health Care + Hospice has acquired home and behavioral health care company Care & Comfort for an undisclosed sum. The behavioral health component represents a new business line for Androscoggin, a move fueled by a demonstrated need for those services in their home state. The deal is slated to close Feb. 1. […]
Paul Kusserow will retire as CEO of the hospice and home health company Amedisys (NASDAQ: AMED) effective April 15, with current President and COO Chris Gerard to succeed him. Kusserow will remain chairman of the board of directors. During Kusserow’s tenure as CEO, which began in 2014, Amedisys’ market capitalization rose to more than $5.3 […]
As hospice utilization and associated costs continue to rise, federal regulators are looking more closely at providers and the services they provide. The U.S. Centers for Medicare & Medicaid Services (CMS) and the U.S. Department of Health & Human Services Officer of the Inspector General (OIG) are zeroing in on longer lengths of stay, billing […]
Many specialists do not refer cancer patients to palliative care or mental health care during their course of treatment, a survey of more than 240 oncologists found. The physicians cited a lack of understanding of palliative care as a leading barrier. The data appeared in an Oncology Insights report from Cardinal Health. Among the respondents, […]
The workforce shortage plaguing the health care sector is continuing to interfere with hospices’ ability to grow. Most recently, North Carolina-based provider Amorem has temporarily consolidated its inpatient care services to a single facility, temporarily closing its two other units. Amorem was born through the merger of Burke Hospice & Palliative Care and Caldwell Hospice […]
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