Companies seeking to acquire hospices are keenly attuned to the sellers’ leadership team dynamics when making buying decisions. Amid staffing shortages and heightened regulatory scrutiny, buyers want to work with leaders who have a similar approach to workplace culture, quality and compliance, as well as business operations like marketing and revenue cycle management. The hospice […]
A joint venture between UMC Health System and home health and hospice provider Amedisys (NASDAQ: AMED) has opened a de novo in Lubbock, Texas. UMC owns 50% and Amedisys owns 50% of the new location, branded as UMC Home Health and Hospice, an Amedisys partner, LLC. The new location is located within the UMC Business […]
Davis, Calif.-based Yolo Hospice has become the newest affiliate of the California Hospice Network (CHN). The network is a coalition of nonprofit hospices designed to support the growth of community-based hospice care and leverage their collective scale and resources in value-based payment programs. Though each California Hospice Network member remains a distinct, independent organization, the […]
Hospice have been mindful of happenings in the nation’s capital in recent weeks as federal agencies prepare extensive revisions to survey and regulatory enforcement processes, a vaccine mandate for health care workers and the release of additional Provider Relief Funds. The U.S. Centers for Medicare & Medicaid Services (CMS) inserted provisions into the Fiscal Year […]
An sometimes overlooked risk to hospice patients is suicide. Hospice and palliative care provider Compassus, one of the nation’s largest hospice providers, has launched an internal campaign to help its staff recognize the warning signs and identify potential interventions. Compassus, a portfolio company of the private equity firm Towerbrook Capital Partners and the health system […]
Ohio’s Hospice and the Kettering Health hospital system are collaborating on a hospice and palliative medicine fellowship to help bolster the field’s physician workforce. The program will accept two fellows annually at Kettering’s Soin Medical Center and two Ohio’s Hospice affiliates, Pure Healthcare and Ohio’s Hospice of Dayton. Since long before the pandemic, the workforce […]
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/. Abbie Watson, Vice President of Central Operations, St. Croix […]
Care Hospice has purchased the assets of Tennessee-based nonprofit Hospice of Chattanooga and its parent organization, Alleo Health System. As a result of the transaction, Chattanooga and Alleo will transition to for-profit status. Financial terms were undisclosed. Alleo and its affiliates care for patients in Tennessee, Georgia, North Carolina and Alabama. The organization was established […]
Private equity investors remain bullish on hospice with no signs of slowing down. However, with a number of high-profile transactions completed or in the works during 2020 and 2021, the number of hospices of scale that are likely to come to market is dwindling. During the next few years, PE firms will likely fix their […]
LHC Group, Inc. (NASDAQ: LHCG) has signed on the dotted line to acquire Freda H. Gordon Hospice and Palliative Care, located in Virginia Beach, Va. The company also purchased Generations Home Health, also headquartered in that community. Purchasing a home health provider and a hospice in the same market makes sense for LHC Group. The […]
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