Post-acute health care providers Empath Health and Stratum Health System, which merged late last year, will be moving forward under the Empath Health brand. The merger made the combined company the largest nonprofit post-acute health system in the United States. The company’s hospice subsidiaries —Tidewell Hospice and Suncoast Hospice — will not rebrand. Their merged […]
VITAS Healthcare, a subsidiary of Chemed Corp. (NYSE: CHE), has built up and diversified its referral base during the pandemic. This effort has helped the company withstand COVID-19 headwinds and establish a foundation for recovery as the year progresses. VITAS saw two sequential quarters of strong admissions growth during the latter half of last year, […]
Amedisys (NASDAQ: AMED) has agreed to purchase the hospice and home health operations of the Nebraska-based nonprofit Visiting Nurse Association (VNA). The transaction is expected to close July 1. Financial terms were undisclosed. VNA serves patients in Omaha, Neb., Council Bluffs, Iowa, and surrounding areas. The 125-year-old organization pursued the sale in order to ensure […]
Illinois-based Joliet Area Community Hospice has rebranded as Lightways Hospice and Serious Illness Care. The new brand is intended to reflect the organization’s continued growth trajectory and expanded patient reach and range of services, including serious illness care, pediatric care and grief support as well as hospice. The rebranding reflects a growing trend in hospice […]
ANX Hospice Care, a portfolio company of privately owned ANX Holdings, has expanded its operations in the Bay Area of California. Two hospice nurses founded the company in 2007, which also offers home health and palliative care. The expansion adds two California counties to the ANX footprint, including Contra Costa and Alameda. California ranked 36th […]
Hospices are increasingly launching Programs for All-Inclusive Care of the Elderly (PACE) programs to engage patients further upstream. Offering PACE services can also position hospice providers for participation in emerging value-based payment models such as Primary Care First and direct contracting. PACE programs depict a comprehensive approach to care for participants who meet certain eligibility […]
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 […]
LHC Group (NASDAQ: LHCG) aims to continue growth of its hospice services as this year unfolds with a number of acquisitions in the works. Record-high multiples for hospice acquisitions are not deterring LHC Group from pursuing those transactions. Hospice deals accounted for 71% of the $502.5 million the company currently earmarked for its M&A pipeline. […]
Trends in market share growth can demonstrate how well hospices were able to recover from the headwinds brought on by the coronavirus pandemic. New data from Trella Health indicate that in many cases large national organizations were able to return to pre-pandemic admission levels faster than smaller companies and nonprofits. Nationally, Amedisys Inc. (NASDAQ: AMED) […]
