California Hospice Network (CHN), a coalition of nonprofit hospices in that state, is restructuring its leadership and operations and working hard to prepare for the entry of hospice into value-based payment programs in 2021, such as Medicare Advantage. Three California-based hospices — the Elizabeth Hospice in San Diego, Mission Hospice & Home Care in San […]
Hospice, home health and senior living company The Pennant Group, Inc. (NASDAQ: PNTG), has acquired the assets of two hospice providers, sold by Signature Health Care at Home, each with multiple locations throughout southeastern Idaho and northern Utah. The company also purchased two home health agencies serving those regions. Financial terms of the transactions were […]
Challenged with the intricacies of insurance billing along with evolving policy changes and increasing regulatory scrutiny in recent years, ensuring patients’ Medicare eligibility has become vital for hospices’ bottom lines. Effective processes, valuable staff and external resources are some of the key components for providers to consider as they seek to avoid lost revenue associated […]
AngMar Medical Holdings, Inc. has acquired two hospice providers in Texas, Graham Regional Hospice and Reliable Hospice. The hospices were purchased for an undisclosed sum. These acquisitions mark the second and third hospice transactions completed by AngMar since October 2019. The company entered the hospice market with its October purchase of an unnamed company that […]
Maryland-based Hospice of the Chesapeake has signed a letter of intent to acquire the Hospice of Charles County. Financial terms of the transaction are yet to be determined pending a 30-to-60 day conditional discovery period. When the deal is executed, it will expand Hospice of the Chesapeake’s geographic footprint to three counties in the organization’s […]
The COVID-19 pandemic has set off global economic shockwaves, pushing the nation and much of the world into a deepening recession. While hospices have taken significant financial blows stemming from the outbreak, leaders in the space have displayed confidence that hospice remains a recession-proof industry. The National Bureau of Economic Research (NBER) has indicated that […]
While private equity interest in the hospice space remains hot, some players have abandoned or postponed plans to bring their holdings to the acquisitions market during the COVID-19 pandemic. While many expect the market to rebound by the third or fourth quarter of the year, nothing is certain as COVID cases continue to spike throughout […]
While the coronavirus pandemic has brought to light the growing critical need for expanded palliative care programming, its economic ramifications have many providers navigating uncharted financial waters. Strategizing through the public health crisis will involve minimizing operational expenses while branching out to non-traditional revenue sources. More than half of community-based palliative care providers in the […]
Though hospice providers have taken their hits from COVID-19, one possible side effect is a possible surge in patients seeking services in the home rather than institutional care due to fears of possible infection. This according to Amedisys (NASDAQ: AMED) CEO Paul Kusserow, speaking at the BMO Capital Markets’ 2020 Prescription for Success Healthcare Virtual […]
Caring Brands International (CBI) has acquired Bluebird Care Master, a home care, hospice and personal care franchise company located in the Republic of Ireland. CBI is a portfolio company of Levine Leichtman Capital Partners (LLCP). Financial terms of the deal were not disclosed. The transaction gives CBI franchising rights throughout Ireland under the Bluebird Care […]