The UnitedHealth Group (NYSE: UNH) subsidiary Optum Health has emerged as one of the largest players in home-based care, primary care and other health care services. Nevertheless, the company sees vast market opportunities on the road ahead. Optum Health currently serves more than 4.1 million patients in value-based care arrangements across all of its clinical […]
Finding the right balance of support and career development for bereavement care professionals is key to recruitment and retention as hospices combat labor strains. Grief care specialists take on challenging roles as they help families navigate the financial and emotional aspects of a loved one’s loss. The weight of providing bereavement care can take a […]
Fortis Health has acquired Indiana-based Physiocare Home Health and Hospice. Financial terms of the transaction were undisclosed. Grant Avenue Capital, Fortis’ private equity backer, financed the deal, which is the company’s fourth since its founding in 2020. Fortis currently operates in Indiana and Utah. The M&A advisory firm Agenda Health advised Physiocare on the transaction. […]
Moving into 2024, more hospices see joint ventures or similar partnerships to be a major growth engine. Nearly half of 143 respondents to Hospice News’ 2024 Outlook Survey, conducted with Homecare Homebase, said that joint ventures and partnerships were the growth tactics they planned to pursue the most this year. More than 62% of the […]
Nurses at PeaceHealth’s Sacred Heart Home Care Services have voted to authorize a strike, citing low wages and staffing strains. PeaceHealth operates two hospice locations in Oregon, along with six others in Alaska and Washington state. Roughly 90 of its home health and hospice registered nurses represented by the Oregon Nurses Association (ONA) recently voted […]
The home health and hospice provider New Day Healthcare has acquired Texas-based Compassion Hospice for an undisclosed amount. The transaction expands New Day’s footprint to 29 locations, concentrated in Texas, Missouri, Kansas and Illinois. The company’s nearly 6,500 employees serve close to 100,000 patients annually across all of its business lines, including home health, hospice, […]
Dallas-headquartered AccentCare has tapped Saurabh Gupta as its new chief financial officer. The post-acute health care company announced the leadership change Monday morning. Gupta previously served as CFO of Envision Medical Group, working in various finance and strategic planning roles at Steward Health Care, pharmaceutical and medical device companies Alcon and Novartis, American Airlines and […]
Private equity firms in the hospice space are adapting their “roll-up” strategies as economic uncertainties persist. Roll ups are a common approach to private equity investment. This occurs when a firm buys a larger platform company and then gradually acquires smaller organizations to foster growth. But in 2023, deal volume slowed across the board. While […]
Recent years have seen an uptick in consolidation activity among nonprofits in the hospice space. Increasingly, nonprofits are pursuing acquisitions and affiliations, as well as forming regional collaboratives. To achieve these kinds of growth, hospices must consider whether they should affiliate or buy another company outright. Each approach comes with benefits and risks. Rising operating […]
Forging stronger interdisciplinary relationships with behavioral health experts could help hospice providers ease caregiver burdens that can impact quality of end-of-life care. A growing aging population is putting pressure on today’s family caregivers with competing priorities. Now more than ever adults in the United States are increasingly struggling to balance work, family and caregiver roles […]
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