The health care management organization h/care has acquired the home health and hospice provider Visiting Nurse Association of Ohio (VNA). Financial terms were undisclosed. VNA was established in 1902 by 13 women seeking to provide care to the seriously ill. The organization has been considering a sale for some time, according to Ryan Haller, CEO […]
Dallas-based Intrepid USA, a home health and hospice provider, has filed for Chapter 7 bankruptcy. The company filed a petition for Chapter 7 bankruptcy in the Southern District Court of Texas in late May, according to court documents. Filing for Chapter 7 bankruptcy results in a straight liquidation, according to Adam Stein-Sapir, a bankruptcy expert […]
The U.S. Centers for Medicare & Medicaid Services’ (CMS) Innovation Center is overhauling its Kidney Care Choices (KCC) payment model. Consequently, palliative care providers could see new payment pathways in certain geographic regions. CMS is revising the financial methodology and participation options of the KCC Model while also extending its duration and geographic reach. Sunsetting […]
A forthcoming alternative payment model for hospitals focuses on discharge planning and ensuring effective post-acute care, including hospice and palliative care when appropriate. The U.S. Centers for Medicare & Medicaid Services (CMS) late last year unveiled its new Transforming Episode Accountability Model (TEAM). Participation in the model will be mandatory for select hospitals. The program […]
Empathy, a tech platform designed to aid bereaved families, has secured $72 million in Series C funds led by the investment firm Adams Street Partners. Other participants in the round include General Catalyst, Index Ventures, Entrée Capital, Brewer Lane Ventures, SemperVirens, Latitude and LionTree, among others. This latest round brings Empathy’s total capital raised to […]
The Florida-based senior care provider Empath Health is selling one of its administrative service centers, located in Pinellas County in its home state. The center was initially established by Suncoast Hospice, which is now an Empath Health affiliate. The sale is part of Empath’s effort to “realign its physical footprint” to invent more directly in […]
Economic uncertainties may have put a damper on health care M&A during the first quarter of the year, but many still expect a rebound as 2025 progresses. This is according to research by the management consulting firm BRG, which recently issued a report on deal activity in the health care sector. About 20% of 150 […]
Hospice has emerged as a growth engine for publicly traded home-based care companies, several of which are on the hunt for acquisitions. Hospice has buoyed growth for several companies as they battle home health-related headwinds, including reimbursement pressures. Companies like VITAS Healthcare, which only provide hospice and palliative care, also saw substantial growth. VITAS is […]
The nonprofit Medicare Advantage and health care services organization SCAN Group has fully acquired the myPlace Health, in which it previously held a partial stake. myPlace Health is a Program for All-Inclusive Care for the Elderly (PACE) company. The company is now wholly owned by SCAN Group, the parent company of SCAN Health Plan. myPlace […]
After years of nonpayment, the California Department of Health Care Services (DHCS) has instructed Medicaid managed care plans to pay hospices for nursing home room and board. The issue pertains to patients who are dually eligible for Medicare and Medicaid. When caring for patients in nursing homes, hospices typically pay for their room and board […]
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