Insurance giant Humana Inc. (NYSE: HUM) has penned a definitive agreement to acquire the remaining 60% stake in Kindred at Home for $8.1 billion. Humana, which currently holds 40% ownership of the business, is purchasing the additional stake from the private equity firms TPG Capital and Welsh, Carson, Anderson & Stowe. The $8.1 billion price […]
The hospice mergers and acquisitions market has never been more active among both strategic buyers and private equity investors. The industry is also seeing larger companies seeking to take advantage of record-high valuations to capitalize on their hospice assets, according to a first quarter M&A report from the advisory firm Provident Healthcare Partners. Activity in […]
Valeo Home Health & Hospice has acquired Hearts for Hospice & Home Health in Utah for an undisclosed sum. Valeo is a portfolio company of the private equity firm Grant Avenue Capital. Grant Avenue purchased a majority stake in Valeo this past January, marking the company’s first investment in the hospice space. When announcing that […]
Encompass Health Corp. (NYSE: EHC) has agreed to acquire Frontier Home Health & Hospice for an undisclosed sum. The transaction will bring 11 hospice and nine home health locations into the Encompass footprint. Frontier was founded in Montana in 2008 and has since expanded to Alaska, Colorado, Washington and Wyoming. The company earned nearly $36 […]
Hospital system HCA Healthcare (NYSE: HCA) has recognized the growing demand for home-based health care services and associated growth opportunities. This formed the impetus for the company’s purchase of an 80% stake in Brookdale Senior Living’s (NYSE: BKD) home health and hospice business for $400 million earlier this year. Bringing care to the home is […]
Primary Care First is on its way to opening doors for hospice providers to reach patients and their families further upstream in their health care trajectories. While the implementation of some aspects of the initiative have been delayed, the application period for the program’s second year is underway. Tracking patient outcomes through data and workflow […]
Leveraging technology during the coronavirus pandemic has kept providers connected with patients and their families from a distance. Despite unknowns regarding the future of telehealth regulations, hospice providers expect those systems to yield the highest return on investment when it comes to technology. Nearly half of respondents (47%) of the 2021 Hospice Industry Outlook Report […]
Franklin, Tenn.-based American Health Partners has agreed to become a subsidiary of the Mitchell Family Office, an investment firm that concentrates on the health care sector. American Health Care Partners provides a range of senior care services across nine states, including hospice. Financial terms were undisclosed. American Health Partners is currently privately owned. In addition […]
Fort Worth, Texas-based Jet Health Inc., has purchased Hospice de la Luz in Albuquerque, N.M., marking the company’s third hospice acquisition. Financial terms were undisclosed. Private equity firms SV Health Investors and Health Enterprise Partners, which partially own Jet Health, financed the deal. Stradling, Yocca, Carlson and Rauth acted as legal counsel to Jet Health […]
Value-based care has opened up a different world to hospices beginning this year. More than 90 days into the value-based insurance design (VBID) demonstration, hospices are seeing rising patient volumes while expanding service offerings and adapting to new billing processes. The program, often called the Medicare Advantage hospice carve-in, launched Jan. 1. The Center for […]
