Vitas Healthcare’s 2024 purchase of Covenant Health and Community Services is helping to drive the company’s growth. VITAS acquired Covenant last year for $85 million. The transaction included Covenant’s hospice assets and marked an important milestone for VITAS, including its entry into the assisted living space and in the Alabama market while expanding its geographic […]
Amedisys continues to see revenue growth in the midst of its pending acquisition by UnitedHealth Group (NYSE: UNH). The company’s net service revenue rose $23.4 million to $594.8 million in the first quarter of the year compared to $571.4 million in Q1 2024. Net income for Q1 reached $61 million, up from $14.4 million year […]
Optum remains a growth engine for UnitedHealth Group (NYSE: UNH) despite headwinds that battered the massive “payvider” during the first quarter of the year. UnitedHealth Group, through its subsidiary Optum, is among the largest hospice providers in the nation by Medicare claims, according to research by Hospice News and the data analysis firm Hospice Analytics. […]
Las Vegas-based Nathan Adelson Hospice has completed its affiliation with the nonprofit Chapters Health System. The affiliation seals the establishment of Chapters Health West, an extension of Florida-based Chapters’ footprint into Nevada, California and Oregon. Chapters Health West came into being with the affiliation of four hospices with Chapters, including Nathan Adelson, California-based Hospice of […]
Hospice acquisitions saw a gentle rebound in Q1 2025. Deal volume is up relative to 2024’s slump, but activity has not reached the boom levels of 2020 and 2021. The M&A market’s rejuvenation extends across a range of home-based care industries, according to a new report from the M&A advisory firm Mertz Taggart. The “tides […]
Hospices are traversing complex revenue cycle management processes that can hinder their ability to thrive amid growing demand, rising economic pressures and a complex regulatory environment. Fielding room-and-board reimbursement for hospice patients in nursing home settings represents a significant challenge plaguing hospices, according to Stephen Phenneger, president and CFO of St. Croix Hospice. The intricacies […]
Having completed six deals in the past 16 months, New Day Healthcare is on the hunt for acquisitions using a three-pronged strategy. New Day seeks three kinds of deals, which CEO G. Scott Herman describes as tuck-ins, market expansion and transformational. Tuck-in are smaller deals the company pursues within its existing markets and co-locating its […]
Focura and Medalogix have merged to form an as-of-yet unnamed combined organization. The technology-based companies joined forces to improve post-acute home-based care delivery amid rising demand. Financial terms of the transaction were undisclosed. The new strategic combination allows the companies to leverage their collective resources to develop a post-acute care technology platform. The platform will […]
Addus HomeCare Corporation (Nasdaq: ADUS) is anticipating slow-churning growth across its trifecta of home-based services. The company projected evolving hospice industry dynamics over the next year. Texas-headquartered Addus provides personal care, home health and hospice services in 23 states. The company anticipates scalable expansion of its hospice segment to be driven by a mix of […]
The Pennant Group (Nasdaq: PNTG) is poised for more acquisitions as the year progresses, supported by a pipeline of newly trained leaders for acquired assets. Pennant’s revenue growth has positioned the company well for more deals. During the fourth quarter the company accumulated $20.6 million in net cash generated from operating activities and $17.2 million […]
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