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 […]
The Pennant Group’s (NASDAQ: PNTG) acquisition strategy is fueling growth in both the near- and long-term for the company’s home health and hospice segment. Pennant has been very active in the M&A market during the past two years, with additional transactions waiting in its pipeline. Pennant, which owns and operates hospice provider Cornerstone Healthcare, was […]
Amedisys (NASDAQ: AMED) has been among the many home health and hospice providers taking financial and operational hits as the coronavirus pandemic continues its spread. Despite facing headwinds, the company remains steadfast in its position on hospice as it seeks to further build up its presence in the market. Another recent uptick of cases stemming […]
LHC Group Inc. (NASDAQ: LHCG) leadership revealed in an earnings call Thursday morning that its merger-and-acquisition activity has hit an all-time high this year. Additionally, hospice deals currently make up just above 60% of the $400 million the company currently has set aside to further boost its M&A pipeline as 2021 unfolds. Hospice will remain […]
Addus HomeCare Corporation (NASDAQ: ADUS) is on the hunt for acquisitions. While its 2021 acquisition strategy is heavily weighted toward home health and personal care, the company has its eyes out for hospice assets. This is evidenced by the recent acquisition of Armada Hospice of New Mexico and Armada Hospice of Santa Fe for $29 […]
Disruption in the senior living market stemming from the COVID-19 pandemic continues to adversely affect VITAS Healthcare, a subsidiary of Chemed Corp. (NYSE: CHEM). Senior living occupancy remains lower than historical levels, though widespread vaccination is inching the sector towards recovery. Senior housing, assisted living and similar facilities have long been a significant source of […]
A public or private separation of Encompass Health’s (NYSE: EHC) home health and hospice segment is underway, though details of the forthcoming transaction remain hidden. Encompass announced last December that a strategic repositioning of the segment was in the cards and expects to reveal their ultimate decision before the end of this year. To ready […]
Humana Inc. (NYSE: HUM) expects its acquisition of a 100% interest in Kindred at Home will boost its financial outlook for 2021 and 2022. The company expects that soon-to-be implemented value-based models will be a primary driver of value for that newly acquired segment. Humana in April announced plans to acquire the remaining 60% stake […]
The Pennant Group (NASDAQ: PNTG) has a number of hospice and home health transactions in its pipeline as the company steps away from senior living acquisitions due to pandemic headwinds. While pursuing these deals, Pennant has seen substantial growth in its hospice and home health segment. Pennant in February increased its revolving line of credit […]
An upswing in occupancy in Brookdale Senior Living (NYSE: BKD) facilities could bode well for the company’s hospice and home health business, which will soon transition to hospital system HCA Healthcare following completion of a $400 million transaction. HCA will assume 80% ownership of the segment with Brookdale retaining a 20% stake. Senior living occupancy […]
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