Franklin, Tenn.-based American Health Partners has agreed to become a subsidiary of the Mitchell Family Office, an investment firm that concentrates on the health care sector. American Health Care Partners provides a range of senior care services across nine states, including hospice. Financial terms were undisclosed. American Health Partners is currently privately owned. In addition […]
Fort Worth, Texas-based Jet Health Inc., has purchased Hospice de la Luz in Albuquerque, N.M., marking the company’s third hospice acquisition. Financial terms were undisclosed. Private equity firms SV Health Investors and Health Enterprise Partners, which partially own Jet Health, financed the deal. Stradling, Yocca, Carlson and Rauth acted as legal counsel to Jet Health […]
Value-based care has opened up a different world to hospices beginning this year. More than 90 days into the value-based insurance design (VBID) demonstration, hospices are seeing rising patient volumes while expanding service offerings and adapting to new billing processes. The program, often called the Medicare Advantage hospice carve-in, launched Jan. 1. The Center for […]
Charter Health Care Group has acquired Providence Home Health & Hospice in Houston, Texas, for an undisclosed sum. This is the company’s sixth acquisition since early 2020. Charter is a portfolio company of Pharos Capital Group, based in Dallas and Nashville. Charter provides a range of senior care services that includes hospice, home health complex […]
Despite recent hospice and home-based care acquisitions involving health systems, such transactions are unlikely to become a common practice during 2021 and 2022. However, health systems are taking a closer look at companies that provide non-medical assistance to help seniors age in place. Firms that guide providers through the mergers and acquisitions processes are not […]
Empathy, a startup that develops applications to support bereavement care, has secured $13 million in seed money to grow its newly launched technology platform. Empathy received the funds from venture capital firms General Catalyst and Aleph. Hospice providers nationwide have had to reassess how they provide bereavement care due to the need for social distancing […]
Concord Regional Visiting Nurse Association has merged with Central New Hampshire VNA & Hospice. The combined organization will operate under the brand Granite VNA. Both providers are located in New Hampshire, serving a combined 82 communities in that state. Concord Regional was established in 1899 as the Concord District Nursing Association, whereas Central New Hampshire […]
Rising interest from special-purpose acquisition companies (SPACs) could make competition in an already active hospice M&A market more fierce in coming years. Like private equity and other investors, SPACs are drawn to hospice by surging demographic tailwinds from the aging population. SPACs are formed with the sole intent of raising capital for the purpose of […]
Advocate Aurora Enterprises has acquired home care company Senior Helpers for an undisclosed amount. While Senior Helpers is not a hospice provider, the company does provide end-of-life support services that work in tandem with hospices to offer an additional layer of assistance to patients. Advocate Aurora Enterprises is a subsidiary of Advocate Aurora Health, one […]
Minnesota-based St. Croix Hospice has entered the Illinois market through the acquisition of Hospice Care of America in the city of Rockford. Financial terms of the transaction were not disclosed. St. Croix’s approximately 800 employees care for more than 2,200 patients daily out of 39 locations in seven Midwestern states. The organization is a portfolio […]
