Addus Primed for More Hospice Acquisitions Following Queen City Deal

Addus HomeCare Corporation (NASDAQ: ADUS) is actively pursuing additional hospice acquisitions in early 2021 even as it works to integrate its recent Queen City Hospice purchase in Ohio. In December 2020, the company bought Queen City and its affiliate Miracle City Hospice the private equity firm Stonehenge Partners for a cash purchase price of $192.0 […]

Kusserow: Amedisys Turned COVID-19 ‘Headwinds to Tailwinds’

Like many health care providers, Baton Rouge, La.-based Amedisys Inc. (NASDAQ: AMED) did not come out of 2020 unscathed by the coronavirus pandemic. Nevertheless, the company’s hospice segment grew during the outbreak and is anticipated to continue expanding, largely through acquisitions. Amedisys is benefitting from demographic tailwinds of the aging population and rising utilization that […]

Pennant Bullish on Hospice, Home Health Acquisitions

The Pennant Group (NASDAQ: PNTG) plans to be an active acquirer during 2021 with an emphasis on hospice and home health targets. The hospice, home health and senior living provider increased its revolving line of credit by $75 million to a total $150 million this week, pledging to apply those resources to buying new operations. […]

VITAS Struck by Disruption in Senior Housing, Expects 2021 Rebound

Disruption in the larger health care and aging services space adversely impacted VITAS Healthcare, a subsidiary of Chemed Corp. (NYSE: CHE), during 2020. This is particularly due to difficulty accessing patients in nursing homes, assisted living and senior housing operations, as occupancy drops due to the pandemic. The company expects some of that disruption to […]

Encompass Committed To Hospice Growth While Weighing Spin Off, Sale

Encompass Health (NYSE: EHC) will continue to pursue hospice expansion as the company considers a strategic repositioning of its hospice and home health assets. Encompass announced in December that its leadership was pondering a spin off or other action for hospice and home health.  Other options under consideration include a potential merger, sale, initial public […]

Pennant Primed for Hospice Acquisitions, De Novos

The Pennant Group (NASDAQ: PNTG) is investing heavily in the growth of its hospice business both through acquisitions and de novo activity during the remainder of the year and into 2021. Pennant set itself on a strong trajectory in 2020 with two start-up locations and four hospice acquisitions thus far. Pennant, which owns and operates […]

LHC Group Committed to Growing Hospice Presence

Home health and hospice provider LHC Group (NASDAQ: LHCG) has stretched further into the hospice market with accelerated merger and acquisition activity through joint venture partnerships and organic growth during 2020’s third quarter.  Joint ventures form the cornerstone of LHC Group’s hospice mergers and acquisitions strategy, with an emphasis on co-locating hospices in markets where […]

COVID Pounds Brookdale’s Hospice Segment

The COVID-19 pandemic pummeled Brookdale Senior Living’s (NYSE: BKD) hospice segment during the third quarter, despite seeing growth earlier in the year. While patients do not have to be residents of Brookdale’s senior living communities to use their health care services, that is where the company obtains most of its hospice business. With widespread disruption […]

Addus on the Hunt for Hospice, Home Health M&A

Despite taking some hits from the COVID-19 pandemic and rising labor costs in some markets, hospice provider Addus Homecare Corp. (NASDAQ: ADUS) is dipping its toes back into the mergers and acquisitions game.  Addus backed off pursuing acquisitions during the early stages of the pandemic, as did much of the hospice industry in the first […]