Hospices that provide palliative care have found that issues surrounding referral management were the most significant hindrance to the financial stability of their programs, according to research conducted by the National Hospice & Palliative Care Organization. Close to 50% of a statistically significant sample of 328 providers indicated in a survey that referral management was […]
Two nonprofit organizations, Iowa City Hospice and the Visiting Nurse Association of Johnson County, are in the process of merging. The combined company’s service lines will offer a continuum of care from birth through the end-of-life. VNA Executive Director Sue Novotny is retiring, and Iowa City Hospice Executive Director Karla Kamal will take the helm […]
Durable medical equipment (DME) provider Hospice Source, which primarily services the hospice market, has purchased DME company Superior Healthcare, Inc. of Martinez, Calif. Financial terms were not disclosed. Hospice Source is a portfolio company of Dallas-based Transition Capital Partners, family office-funded private investment firm founded in1993. The firm is affiliated with the Patterson Thomas Family […]
While a growing demand for end-of-life care has been a major force pushing hospice to the forefront of the health care mergers and acquisitions marketplace, evolving payment models and COVID-19 headwinds have been hurdles to building up investor interest in 2020. Despite the unknowns ahead, hospice market is expected to burgeon. Among the various sectors […]
Hospice Cleveland County in North Carolina is merging with Hospice & Palliative Care Charlotte Region. The combined company will serve 23 counties throughout North Carolina and South Carolina. In conjunction with the merger, the hospices are creating a philanthropic foundation that will support area nonprofits, educational institutions and work by government agencies. Hospice Cleveland County […]
Post-acute care company AccentCare will merge with Rosemont, Ill.-based Seasons Hospice & Palliative Care. 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 firm Advent International, which purchased the provider from Oak […]
Texas-based Silverstone Hospice has acquired Comfort Care Hospice in the Dallas-Forth Worth region. Comfort Care will be renamed under the Silverstone brand and will soon being offering home health and palliative care services in addition to hospice. Silverstone CEO Alfonso Montiel will also lead the Comfort Care location. Prior to Silverstone, Monteil established a $150 […]
LHC Group, Inc. (NASDAQ: LHCG) has agreed to acquire Tulsa-based Grace Hospice of Oklahoma for $12.1 million. This is the company’s second hospice acquisition this week. On Nov. 9 the company announced that it would purchase two Mesa, Ariz.-based providers, East Valley Hospice and East Valley Palliative Care. LHC Group’s acquisition strategy is focused on […]
The Pennant Group (NASDAQ: PNTG) is investing heavily in the growth of its hospice business both through acquisitions and de novo activity during the remainder of the year and into 2021. Pennant set itself on a strong trajectory in 2020 with two start-up locations and four hospice acquisitions thus far. Pennant, which owns and operates […]
Addus HomeCare Corporation (NASDAQ: ADUS) has entered into a definitive agreement to acquire Queen City Hospice, LLC, and its affiliate Miracle City Hospice, for a cash purchase price of $192.0 million. Queen City is a portfolio company of the private equity firm Stonehenge Partners. The purchase price includes $162.8 million of value, net of the […]