Ohio’s Hospice of Miami County has unveiled an inpatient hospice house located on the campus of Upper Valley Medical Center in the city of Troy in its home state. The new 31,180-square-foot facility is expected to begin accepting patients in August. The organization, a member of Ohio’s Hospice, financed the facility through a $12 million […]
Minnesota-based Moments Hospice is continuing its multi-state expansion with the establishment of a de novo location in Des Plaines, Ill., a suburb in the Chicago metropolitan area. The new office marks Moment’s first foothold in Illinois. Moments is growing rapidly throughout the Midwest, having opened eight de novos during 2020. The family-owned company has plans […]
The Biden administration’s proposal to raise the tax rate on long-term capital gains to 43.4%, up from the current 23.8%, is likely accelerating 2021 hospice acquisitions as companies try to seal their deals before the hike takes effect. The Internal Revenue Service (IRS) applies capital gains taxes to the proceeds generated by selling investments. Historically, […]
A group of investors has infused the end-of-life planning company Cake with $3.7 million to build out its online platform. Cake’s solutions use artificial intelligence and Natural Language Processing technology to help families navigate decisions as a loved one enters their final days, with a focus on reducing racial disparities in access to these services. […]
South Carolina-headquartered Agape Care Group has acquired Integrity Hospice in Dublin, Ga. This boosts Agape’s footprint to cover 45% of the Peach State in addition to 46 counties in South Carolina. Financial terms of the transaction were undisclosed. Agape, a portfolio company of the private equity firm The Vistria Group, is pursuing a three-pronged growth […]
New York state-based Mountain Valley Hospice has launched a community-based palliative care program that extends throughout its four-county service region. Accordingly, the organization has rebranded as Mountain Valley Hospice & Palliative Care. A growing number of hospices have been diversifying their services to engage patients further upstream and open new revenue streams. Palliative care is […]
Akop Atoyan — owner of the home health and hospice agency ANG Health Care, Excel Home Healthcare and Excel Hospice — has pleaded guilty to one count of conspiracy to commit health care fraud and one count of conspiracy to pay and receive health care kickbacks. The 48-year-old Glendale, Calif., resident is accused of paying […]
Huntley, Ill.-based Transitions Hospice will be spreading its wings over several new markets in the coming months, including entry into more than one additional states. The hospice and palliative care provider is expanding via de novos as well as forthcoming acquisitions. In concert with the growing footprint, Transition is building up its palliative care business […]
VITAS Healthcare, a subsidiary of Chemed Corp. (NYSE: CHEM), has opened a new inpatient facility on the AdventHealth Lake Wales hospital campus in Florida. The company expects the new unit to care for more than 400 patients annually. The facility includes eight private rooms with recliners, televisions and private bathrooms designed to create a home-like […]
Minnesota-headquartered Moments Hospice has expanded into South Dakota with a de novo location in Sioux Falls. The new operation extends the company’s footprint to a total 14 locations across five states. Moments is pursuing a multi-state growth strategy that commenced during 2020, concentrated on the markets in the Midwest. The company opened eight de novos […]
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