Early Talks About Governance Essential for Nonprofit Hospice Affiliations

Nonprofit hospices can combine their businesses in a number of ways, including traditional acquisitions, board member substitutions and other types of affiliations. However, member substitutions are becoming more common, according to Meg Pekarske, partner at the law firm Husch Blackwell. While this model offers benefits it can also become a political minefield that can sink […]

Publicly Traded Hospice Companies Poised for Deals

The nation’s publicly traded hospice companies are primed for more acquisitions after a 2023 slump, fueled by census and growth. Transaction volume declined in the hospice and home-based care space in 2023, following the two record-breaking prior years. Many expect a rebound in 2024, and stirrings in the public company space signal that may come […]

Enhabit Elaborates on Decision to Remain a Standalone Company

Dallas-headquartered Enhabit Inc. (NYSE: EHAB) has provided a wider view into its decision to remain a standalone business. On Thursday, the company filed a preliminary proxy statement with the U.S. Securities and Exchange Commission (SEC), part of completing its recent strategic review process. The statement detailed the company’s recent decision not to pursue a sale, […]

Hospice M&A Looking Dim in 2024

Hospice merger and acquisition (M&A) activity tapered off in 2023 and early 2024 compared to the flurry of prior years, due in part to regulatory and economic pressures. Hospice deal volume and valuations have trended down from record-high levels during 2019 through 2022. The cool down began last year as hospice transaction activity lulled. This […]

1Care Enters Behavioral Market with Reset Acquisition

Nevada-based 1Care Hospice, part of 1Care Health, recently acquired Reset Behavior Health for an undisclosed amount. The transaction expanded the pediatric hospice and palliative provider’s geographic footprint in its home state while also marking its entrance into the behavioral health market, according to 1Care Hospice and 1Care Kids COO Eddie Belluomini. The acquisition will allow […]

The Pennant Group Acquires Hospice Provider Nurses on Wheels

The Pennant Group, Inc. (NASDAQ: PNTG) has acquired the Corpus Christi, Texas-based hospice provider Nurses on Wheels Inc. for an undisclosed amount. This is the latest in a string of acquisitions for Pennant. Earlier this month Pennant acquired Utah-based South Davis Home Health and South Davis Hospice. The company in December 2023 picked up Arizona-based […]

Addus CEO: Hospice Headwinds Starting to Abate

Addus Homecare Corp. (NASDAQ: ADUS) is seeing constrictions on growth start to ease in its hospice business. Many of those headwinds were associated with lingering effects of the pandemic. Like many hospice providers, Addus has faced COVID-19 challenges that include reduced patient volumes and shorter length of stays. Now, the company’s hospice rebound is starting […]

VITAS’ Acquisition Pipeline Likely Growing

VITAS Healthcare, a subsidiary of Chemed Corp. (NYSE: CHE), is gearing up for potential acquisitions. The company recently completed its $85 million acquisition of Covenant Health and Community Services’ hospice operations and one assisted living facility location. This was VITAS’ first deal in several years, largely due to record-high valuations in the space, Chairman and […]

Hospice Pivotal to Enhabit’s Growth Strategy as a Standalone Company

Hospice will remain a core piece of Enhabit Inc.’s (NYSE: EHAB) strategic growth plans following its recent announcements to remain a standalone business. The company was mum about its strategic decision not to sell in Thursday’s earnings call, but executives elaborated on its home health and hospice focal points. Dallas-headquartered Enhabit has been mulling a […]

Aveanna’s 4-Pillar Strategy for Growth

Aveanna Healthcare Holdings Inc. (NASDAQ: AVAH) is focused on growth in its private duty and home health businesses in 2024, particularly through value-based contracts. The company sees this approach as a mechanism for improving hiring and building clinical capacity amid labor headwinds. Aveanna added four value-based payer contracts during Q1 for a total of 18 […]