Private equity firm Trive Capital has joined with Coltala Holdings to back the Tyler, Texas-based senior care provider Choice Health at Home. The dollar amount of Trive’s investment is undisclosed, but the hospice, home health and rehabilitation services provider will draw on the funds to fuel further acquisitions. Trive made its initial investment in Choice […]
Tech company Rendever, whose platform focuses on the needs of isolated seniors, is collaborating with the University of California at Santa Barbara (UCSB) on a multi-site clinical trial on the effects of virtual reality on older adults and their families. The National Institutes on Aging (NIA) is financing the research with a $2 million Phase […]
Addus HomeCare (NASDAQ: ADUS) has secured a $600 million revolving line of credit, with Capital One Financial Corp. (NYSE: COF) as the lead arranger and administrative agent. The company intends to apply the credit to pursue further acquisitions. Addus is on the hunt for acquisitions. While its 2021 acquisition strategy is heavily weighted toward home […]
The National Hospice & Palliative Care Organization (NHPCO) is calling for more health care workers to become vaccinated against COVID-19. The advocacy group expressed support for a national vaccine mandate for health care workers. The White House last week announced that the U.S. Department of Health & Human Services (HHS) would be developing regulations to […]
SCAN Group, parent company of SCAN Health Plan, is investing in MedArrive, a health care logistics and services platform that enables payers to leverage emergency medical services (EMS) and other skilled providers to enhance home-based care, including palliative care. The dollar amount of the investment is undisclosed. SCAN began partnering with MedArrive earlier this year […]
The U.S. Centers for Medicare & Medicaid Services (CMS) will resume Targeted Probe and Educate audits (TPE) in September. The agency had temporarily suspended TPE activity to ease the burden on hospices and other providers during the COVID-19 public health emergency. The TPE program is designed to identify providers that have frequent errors on their […]
Reps. Michael McCaul (R-Texas) and Diana DeGette (D-Colo.) have introduced a bill in the U.S. House of Representatives that would create a dedicated hospice and palliative care benefit within Medicaid for terminally ill children. If enacted, the Children’s Program of All-Inclusive Coordinated Care (ChiPACC) Act of 2021 would allow pediatric patients to receive those services […]
Annie Acs, director of policy and innovation for National Hospice & Palliative Care Organization (NHPCO) recently spoke with Hospice News about the opportunities and challenges for hospice providers and health plans working within the value-based insurance design model (VBID), often called the Medicare Advantage hospice carve-in. With a background in health policy, Acs spent more […]
Georgia-based Hospice Satilla, an affiliate of Alivia Care, has launched a palliative care program in partnership with the hospital Memorial Satilla Health. Branded as Satilla Palliative Care, the service is designed to support people living with serious illnesses such as dementia, cancer, chronic obstructive pulmonary disease (COPD), and congestive heart failure. Hospices provide about 50% […]
Evolent Health (NYSE: EVH) has penned a definitive agreement to buy Vital Decisions from its current private equity owners WindRose Health Investors for $85 million. The deal also includes an additional earn out of $45 million. Vital Decisions offers telehealth solutions to support advance care planning. An “earn out” in an acquisition refers to additional […]
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