St. Croix Hospice Acquires Hometown Hospice & Home Care

St. Paul, Minn.-based St. Croix Hospice has expanded its footprint in the Wisconsin market with the acquisition of Hometown Hospice & Homecare for an undisclosed amount. St. Croix is a subsidiary of the Chicago-based investment firm Vistria Group. Hometown, headquartered in the town of Brookfield, operates three hospice and home health care locations in eastern […]

Admissions Boost LHC Group Q2 Hospice Earnings

A 9.6% percent increase in admissions drove strong second quarter earnings results for LHC Group’s (NASDAQ: LHCG) hospice segment. The segment saw the highest rate of admissions growth among the company’s service lines during the second quarter, exceeding the home health segment’s 9.1% rise.  LHC Group currently operates 104 hospice locations nationwide, representing 10.2% of […]

LHC Group Joint Venture Completes Missouri Acquisitions

LHC Group, Inc. (NASDAQ: LHCG) along with joint venture partner Capital Region Medical Center (CRMC) have completed an acquisition of a Mexico, Mo.-based hospice agency from nonprofit health system SSM Health. The purchase also included two home health agencies, also based in Missouri communities. Financial terms of the deal were not disclosed. The three acquired […]

Admissions Spur 18% Jump in Brookdale’s Hospice Revenue

Hospice revenues at Brookdale Senior Living (NYSE: BKD) are up nearly 18% in the second quarter largely due to same-store admissions growth and de novo activity, the company reported in an earnings conference call. Hospice accounted for much of growth in the company’s Health Care Services segment, outstripping quarterly percentage gains for its home health […]

The Ensign Group Acquires Agape Hospice & Palliative Care

Cornerstone Healthcare, Inc., the hospice and home health subsidiary of The Ensign Group, Inc. (NASDAQ: ENSG), has acquired the assets of Tucson, Ariz.-based Agape Hospice and Palliative Care. Financial terms were not disclosed.  Agape will not rebrand as a result of this transaction and will retain staff and management. The hospice will become part of […]

Hospice, Home Health Yield Highest Multiples in Health Care M&A Deals

The hospice and home health care companies for the third quarter in a row have seen the highest multiples of any health care sector in merger and acquisitions transactions, reaching 22.7x in the second quarter of 2019, according to auditing and consulting firm PwC.  These high valuations for hospice and home health acquisitions come in […]

Hospices Would Bill Medicare Part B Under Primary Care First

Hospice and palliative care providers who opt to participate in Medicare’s new Primary Care First Models would have to apply to Medicare Part B in order to receive reimbursement, the agency announced in a webinar providing new details on the program’s Seriously Ill Population (SIP) payment option. A participating hospice would be considered a physician […]

Nurses & Company Absorbs Home Assist’s Staff, Services

St. Louis-based hospice, home health and palliative care provider Nurses & Company, Inc. has finalized a transaction with home health organization Home Assist, LLC, through which the company will absorb most of Home Assist’s staff, customer relationships and chronic disease care programs. Financial terms were not disclosed. Home Assist is expected to cease operations in […]

Longer Hospice Lengths of Stay Yield Higher Margins

Patient populations who experienced longer lengths of stay boosted hospice margins by as much as 20% during 2016, according to a new report from the Medicare Payment Advisory Commission (MEDPAC). Financial data in the MEDPAC report reflects the first year of data following 2016 revisions to the Medicare payment system for hospice. The final rule […]

Net Health to Acquire Optima Health Solutions

Pittsburgh-based health care software company Net Health has agreed to purchase electronic medical record (EMR) solutions firm Optima Health Solutions for an undisclosed amount. The companies expect the transaction to close later this month. Upon closing, Optima will begin operating under the Net Health brand. The company develops cloud-based EMR systems designed for hospice, contract […]