Amedisys (NASDAQ: AMED) has agreed to purchase the hospice and home health operations of the Nebraska-based nonprofit Visiting Nurse Association (VNA). The transaction is expected to close July 1. Financial terms were undisclosed. VNA serves patients in Omaha, Neb., Council Bluffs, Iowa, and surrounding areas. The 125-year-old organization pursued the sale in order to ensure […]
The Pennant Group (NASDAQ: PNTG) has a number of hospice and home health transactions in its pipeline as the company steps away from senior living acquisitions due to pandemic headwinds. While pursuing these deals, Pennant has seen substantial growth in its hospice and home health segment. Pennant in February increased its revolving line of credit […]
An upswing in occupancy in Brookdale Senior Living (NYSE: BKD) facilities could bode well for the company’s hospice and home health business, which will soon transition to hospital system HCA Healthcare following completion of a $400 million transaction. HCA will assume 80% ownership of the segment with Brookdale retaining a 20% stake. Senior living occupancy […]
The U.S. Centers for Medicare & Medicaid Services (CMS) has approved Humana Inc. (NYSE: HUM) to become a direct contracting entity (DCE). The company has branded the DCE as Humana Direct Contracting Entity, Inc., which operates as Humana Care Solutions. The new DCE plans to partner with hospice and palliative care providers to improve quality […]
Addus HomeCare Corporation (NASDAQ: ADUS) has more acquisitions in the works, some of which are expected to occur within the next few months. The company continues to pursue hospice and home health operations located in areas where they already established a presence with their personal care business. Addus launched as a personal care company, and […]
Hospice and home health provider Amedisys (NASDAQ: AMED) has been combating employee turnover amid ongoing industry-wide staffing shortages. Hospices nationwide have seen turnover rise during the pandemic even as they work to meet rising demand. Slightly more than 20% of health care workers have considered leaving the field due to stress brought on by the […]
Restricted access to patients during COVID-19 made for choppy waves last year for VITAS Healthcare, a subsidiary company of Chemed Corp. (NYSE: CHE), but the company anticipates normalization on the horizon in a post-pandemic landscape. The pandemic’s turbulent tides have continued to disrupt the overall health care system, but signs of recovery are starting to […]
Humana Inc. (NYSE: HUM) plans to divest itself of Kindred at Home’s hospice business following its forthcoming acquisition, expected to close in the third quarter. Humana, which has held 40% ownership of Kindred at Home since 2018, has signed a definitive agreement to purchase the remaining 60% stake from the private equity firms TPG Capital […]
Encompass Health (NYSE: EHC) is benefiting from rising hospice utilization as its health care services segment grows. The company has not yet reached a decision regarding the future of its hospice and home health business, which may be poised for a spin off, merger or sale. While Encompass saw more hospice patients come under its […]
A robust hospice mergers and acquisitions market is showing no signs of slumping as interest among strategic buyers and private equity investors ramps up. A provider’s performance within evolving value-based payment models may become a factor that potential buyers consider when eyeing a hospice acquisition, particularly as it pertains to their quality and outcomes data. […]
