Post-acute data analytics firm Home Care Pulse has purchased the Home Care Institute, which offers education and training for hospice and home health care staff. Financial terms of the transaction were undisclosed. Home Care Institute has developed more than 500 online courses, job aids, accredited content and tools designed to educate hospice and home care […]
The hospice, home health and home care sector saw a significant uptick in merger and acquisition transactions during the fourth quarter of 2020. About 51 deals took place in Q4 among those industries, according to a quarterly report by M&A advisory firm Mertz Taggart. Among the various segments of the health care industry, hospice continues […]
Private equity firm Webster Equity Partners is considering the sale of Bristol Hospice, which operates 35 locations across 10 states, PE Hub has reported. Bristol’s EBITDA is in excess of $70 million, indicating that the company is about seven times larger than when Webster first acquired it in 2017, according to PE Hub. That degree […]
The Medicare Payment Advisory Commission (MEDPAC) has voted unanimously to eliminate the update to the Fiscal Year 2021 Medicare base payment rates for hospice for Fiscal Year 2022 and to cut by 20% the hospice aggregate cap.The payment cap is the upper limit to the amount of funds a hospice can collect from Medicare in […]
Joint venture partnerships will be key to fueling expansion into the hospice space for national home health and hospice provider LHC Group, Inc. (NASDAQ: LHCG). Accelerated growth in 2021 and beyond will focus on a differentiated strategy that includes the company’s successful joint ventures (JVs). LHC Group provides hospice, home health, and facility- and community-based […]
Traditions Health, LLC, has purchased two hospice companies in Louisiana as well as two home health operations in Oklahoma. The hospice acquisitions – Grace Hospice & Palliative Care and Heritage Hospice – mark the company’s entry to the Louisiana market. The two acquired home health agencies are Traditions Home Care and Secure Home Care. These […]
Bristol Hospice, a portfolio company of Webster Equity Partners, has purchased the California operations of Companion Hospice for an undisclosed amount. Companion will retain its Texas and Arizona locations. The acquisition fills a geographic gap in Bristol’s service area, in which Companion Hospice cares for more than 600 patients per day. Financial terms of the […]
LHC Group, Inc. (NASDAQ: LHCG) has finalized the acquisitions of Grace Hospice in Tulsa, Okla., as well as two affiliated providers in Mesa, Ariz., East Valley Hospice and East Valley Palliative Care. The Grace transaction marks LHC Group’s entry into the Oklahoma hospice market, where the company already has a home health presence. LHC Group’s […]
Public district hospital boards in Washington state have opted not to sell Hospice of the Northwest to a private-equity backed provider. Hospice of the Northwest is a joint venture between Public Hospital District No. 1, Skagit Regional Health, Public Hospital District No. 304, and United General District 304 health care systems. The sale has been […]
Post-acute care company AccentCare and Rosemont, Ill.-based Seasons Hospice & Palliative Care have completed their planned merger, having cleared customary regulatory and governance hurdles. The combined company will provide a full continuum of home-based health care services, including hospice, palliative care, home health care and personal care. AccentCare is a portfolio company of the private equity […]