Excelin Health, a portfolio company of the private equity firm Corinthian Capital, has purchased three Texas provider licenses as well as the company Grace Home Health in Louisiana. Financial terms for these transactions were undisclosed. Excelin provides a range of home-based care services including home health, hospice, orthopedic rehabilitation, speech therapy, infusion and wound care, […]
Home health agency Eden Health has added hospice and palliative care in its eastern Idaho market. The company’s operation in the town of Idaho Falls recently obtained Medicare certification as well as accreditation from Accreditation Commission for Health Care (ACHC). Eden Health is a subsidiary of EmpRes Healthcare, which provides management and consulting services to […]
After a series of negotiations with lawmakers the White House has announced a “framework” for drafting of the Build Back Better Act. The massive $1.7 trillion package would include $150 billion to expand home- and community-based services for seniors as well as $100 million to grow the hospice and palliative care nursing workforce and educate […]
A forthcoming hospice and home health spin off company from Encompass Health (NYSE: ENC) will be a publicly traded entity. Encompass announced last December that a strategic repositioning of the segment was in the cards. The transaction is expected to take place during the first half of 2022. To ready themselves for a separation, Encompass […]
Investment firm Peterson Partners, LLC, has invested in Ennoble Care in partnership with Trilogy Search Partners, Maven Equity, and additional undisclosed stakeholders. Health care entrepreneur Kush Das, founder of the investment firm Circa Health, will take the helm as chairman and CEO of Ennoble. Ennoble Care provides hospice, home health, palliative care and home-based primary […]
Encompass Health Corp. (NYSE: EHC) will seek an injunction against the company’s former home health and hospice CEO April Anthony in state District Court in Dallas County, Texas. The company alleges that Anthony violated terms of her employment agreement, including breach of non-competition and non-solicitation obligations, and for misappropriation of trade secrets. Anthony founded Encompass […]
Favorable demographics and rising demand are attracting a range of investors to the hospice space, with private equity leading the way in terms of deal volume. However, the fee-for-service payment model within the Medicare Hospice Benefit is also a key driver of buyers’ interest. Value-based payment programs have opened up to hospices in 2021. This […]
Private equity firm Wellspring Capital Management has acquired Caring Brands International, parent company of home health and hospice franchise company Interim Healthcare, for an undisclosed amount. The seller, PE outfit Levine Leichtman Capital Partners, purchased the company in 2015. Caring Brands is the seventh largest home-based care provider in the United States, in addition to […]
The Future Leaders Awards program is brought to you in partnership with PointClickCare. The program is designed to recognize up-and-coming industry members who are shaping the next decade of senior housing, skilled nursing, home health and hospice care. To see this year’s future leaders, visit https://futureleaders.agingmedia.com/. Jessica DeGrechie, division director for Hospice at BAYADA Home […]
More hospices have embraced home-based primary care in recent years. Providers pursuing these opportunities are carefully weighing their options, including whether they should partner with existing practices or offer those services themselves. The gradual move of reimbursement systems to value-based care models is partly fueling a resurgence in home-based primary care, according to a 2018 […]
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