Among the nine insurance companies that will participate in the Medicare Advantage carve-in during the program’s first year in 2021, Humana, Inc. (NYSE: HUM) operates the most plans that will offer hospice. The carve-in, formally known as the hospice component of the value-based insurance design (VBID) model, is designed to assess payer and provider performance […]
Private equity-backed Three Oaks Hospice has purchased Hospice Partners of Kansas for an undisclosed amount. The transaction marks the Texas-based company’s entry into the Kansas and Missouri markets. During 2019, Three Oaks Hospice received more than $21 million in private equity backing from Granite Growth Health Partners, Health Velocity Capital and Petra Capital Partners. The […]
The demonstration project to test inclusion of hospice in the value-based insurance design model — often called the Medicare Advantage hospice carve-in — will be a small program in its first year. The 53 participating Medicare Advantage plans cover 8% the market and a limited geographic footprint, according to data from the U.S. Centers for […]
Among Medicare Advantage plans, 53 will be covering hospice and palliative care in 2021 through the value-based insurance design (VBID) model, according to the U.S. Centers for Medicare & Medicaid Services (CMS). Medicare Advantage is seeing record-high levels of participation for 2021 among beneficiaries, reaching about 42% for 2021, CMS reported. Starting in 2021, payers […]
Traditions Health has purchased Oklahoma-based Physician’s Choice Hospice and Palladium Hospice, which operates in multiple states in the Southeast. Financial terms were undisclosed for both transactions. Traditions is a portfolio company of family-owned investment firm Dorilton Capital Advisors. In addition to hospice, the company offers skilled nursing, therapy and home health services. With the Palladium […]
Consolidation is a growing trend in the hospice market, leading to a shrinking number of providers nationwide as smaller hospices get absorbed by larger organizations. Hospice topped other health care sectors in merger and acquisition activity this year, despite economic downturn during the COVID-19 pandemic. While M&A transactions slowed significantly early in 2020 as providers […]
Hospices seeking to sell their business to a larger provider or a private equity firm can attract potential buyers by leveraging their outcomes, scale and staffing. These factors dovetail with strategies that can help providers excel in payer negotiations within value-based payment structures. The hospice M&A market has been the most active in the health […]
Home health provider Jet Health Inc., based in Irvine, Calif., grew its hospice footprint with the recent acquisition of Arlington, Texas-based Carrington Hospice Care, Inc., for an undisclosed amount. Citing improved continuity of care and patient satisfaction as driving forces, the acquisition will expand community-based service lines, a draw for many entering the hospice marketspace. […]
Connecticut-based Foothills Visiting Nurse & Home Care has merged with Salisbury Visiting Nurse Association (VNA). Also joining in the merger is VNA Northwest which Foothills acquired in January for an undisclosed sum. The combined organization will be branded as Visiting Nurse & Hospice of Litchfield County. The merging organizations provide hospice, home health care and […]
Amedisys, Inc. (NASDAQ: AMED) anticipates more hospice merger and acquisitions in 2020 despite raging COVID-19 headwinds. Recovering from a drop in referrals and rising COVID-related costs during the first and second quarters, the company expects their hospice segment to grow consistently in coming years. The company has been very active in the M&A market. Acquisitions […]