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 […]
HCA Healthcare (NYSE: HCA) is expected pursue speedy growth for the hospice and home health business the company is set to acquire from Brookdale Senior Living (NYSE: BKD). Brookdale has entered into a definitive agreement to sell an 80% stake in its health care services segment to HCA for $400 million. Brookdale will retain a […]
Brookdale Senior Living Inc. (NYSE: BKD) has agreed to sell a majority stake in its hospice, home health and outpatient therapy business to HCA Healthcare (NYSE: HCA). Brookdale will sell 80% of the equity in its health services segment to HCA for a purchase price of $400 million. Brookdale in December indicated that it would […]
BrightSpring Health Services has purchased Abode Healthcare from Summit Partners with a reported valuation of $775 million, PE Hub reported. The transaction is projected to bring the combined company roughly $6 billion in annual revenue. Louisville, -based BrightSpring’s total value currently rests at approximately $10 billion. Brightspring is a portfolio company of the global investment […]
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 […]
Five Wisconsin hospice and palliative care providers have formalized a partnership to maximize their scale and negotiating power with payers in value-based payment models. The current focus of the new organization, called the Wisconsin Hospice & Palliative Care Collaborative (WHPCC), is reimbursement contracts for palliative care, using the term supportive care management. WHPCC has incorporated […]
While aging populations of color represent a growing base of patients with serious illness and end-of-life care needs, these groups are among the most underserved and underrepresented in the U. S. health care system. As research reflects a deepened racial divide in access to care and services, much is at stake for hospice care providers […]
The U.S. Supreme Court has declined to hear arguments in a False Claims Act (FCA) case involving the hospice provider Care Alternatives. FCA actions pertaining to hospices most commonly focus on questions of a patient’s eligibility for those services. A report from Bass, Barry, and Sims shows that a leading cause of fraud involves hospices […]
Christopher Kerr, M.D., CEO and chief medical officer of Hospice & Palliative Care Buffalo, has been spearheading research that examines the death experience from the perspective of the patient. The research has uncovered previously unrecognized aspects of the dying process, including vivid dreams that feature the patient’s deceased loved ones. A body of work is […]
Racial, ethnic and sociodemographic divides are the leading barriers impacting advance care planning utilizations in the United States. Hospice providers working to expand access will need to take a closer look at the unique forces driving disparities, particularly among people of color. Studies have shown that advance care planning can reduce hospitalizations and health care […]