The nonprofit Medicare Advantage and health care services organization SCAN Group has fully acquired the myPlace Health, in which it previously held a partial stake. myPlace Health is a Program for All-Inclusive Care for the Elderly (PACE) company. The company is now wholly owned by SCAN Group, the parent company of SCAN Health Plan. myPlace […]
After years of nonpayment, the California Department of Health Care Services (DHCS) has instructed Medicaid managed care plans to pay hospices for nursing home room and board. The issue pertains to patients who are dually eligible for Medicare and Medicaid. When caring for patients in nursing homes, hospices typically pay for their room and board […]
Florida-based VITAS Healthcare is taking a more “relationship-based” approach to growth in 2025. The Chemed Corp. (NYSE: CHE) subsidiary’s expanding geographic footprint in Florida has been heavily fueled through organic growth. The prospect of acquisitions is playing a larger role, with the hospice company recently setting its sights on expansion across 12 states. VITAS has […]
Addus Homecare (Nasdaq: ADUS) expects to achieve 5% to 7% hospice growth during 2025. The company’s hospice business is emerging from the shadow of the pandemic, which hurt that business segment considerably more than it did Addus’ home health and personal care service lines. Early and sudden deaths among COVID patients significantly reduced national hospice […]
The health care and technology-focused investment firm Cressey & Company has invested an undisclosed dollar amount in the hospice and palliative care care provider Paradigm Health. Cressey & Company joins the investment firm Havencrest Capital Management, which infused Paradigm Health with capital in 2021 and also participated in this current recapitalization. Cressey & Company had […]
Average daily census growth propelled Enhabit Inc. (NYSE: EHAB) to a strong quarter for its hospice segment in early 2025. With shortfalls in its home health business, hospice is a prime growth driver for Enhabit. The company’s hospice ADC rose 12.3% year over year to 3,809, up from 3,391 in Q1 2024. Enhabit also saw […]
Aveanna Healthcare Holdings (Nasdaq: AVAH) is propelling growth of its home health and hospice segment through strategic payer relationships, bolstered sales and referral teams and a growing patient census. Aveanna’s has seen consecutive periods of slow but steady financial and clinical improvement across its hospice and home health business line. The company has recently taken […]
The Pennant Group (Nasdaq: PNTG) saw home health and hospice reach an “all-time high” during the first quarter of 2021, as the company awaits the outcome of a potential deal to acquire divested locations from Amedisys (Nasdaq: AMED) and UnitedHealth Group (NYSE: UNH). The Pennant Group’s total revenue for Q1 reached $209.8 million, up 33.7% […]
Addus Homecare (Nasdaq: ADUS) has seen steady hospice growth during the first quarter of 2025. Hospice represents 18% of Addus’ business, with the remainder made up by its personal care and home health segments. The company saw 9.9% year-over-year organic revenue growth during the first quarter, as well as higher average daily census, patient days […]
BrightSpring Health Services (Nasdaq: BTSG) stands to substantially expand its footprint through its pending deal to acquire a number of care centers from Amedisys Inc. (Nasdaq: AMED) and UnitedHealth Group (NYSE: UNH). Amedisys is selling an unspecified number of home health and hospice locations to Adoration Home Health Acquisitions LLC, Adoration Hospice Care Acquisitions LLC […]
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