Charleston, S.C.-based Heart of Hospice, LLC, a subsidiary of Evening Post Industries (EPI) Group, has purchased Heartstrings Hospice for an undisclosed sum. Heartstrings will transition to the Heart of Hospice brand. Heartstrings will expand the Heart of Hospice footprint in South Carolina. The company presently serves more than 1,500 patients from 17 locations is Arkansas, […]
Amedisys, Inc. (NASDAQ: AMED) has entered into a definitive agreement to purchase Asana Hospice for an undisclosed amount. The transaction is expected to close Jan. 1, 2020. Amedisys has been doubling down on hospice acquisitions this year, building up its hospice footprint as the company braces for disruption to its home health care business stemming […]
Hospice and home health provider Traditions Health, LLC, has acquired Tucson, Ariz.-based Pathways Hospice for an undisclosed amount. Traditions, based in College Station, Texas, provides hospice, home health care and consulting services to more than 1,800 patients in Texas, California and Arizona. Traditions is a portfolio company of family-owned investment firm Dorilton Capital Advisors. Traditions […]
Hospice and home health care provider LHC Group (NASDAQ: LHCG) and its joint venture partner Lifepoint Health has agreed to acquire two hospices — Casa de la Paz Hospice in Sierra Vista, Arizona; and St. Joseph Family Hospice in Lewiston, Idaho — in separate transactions for undisclosed amounts. The companies expect to close the transactions […]
Acquisitions and a nearly 30% rise in hospice patient census gave a substantial boost to third quarter earnings at the Pennant Group, Inc. (NASDAQ: PNTG). Pennant emerged earlier this year as a hospice, home health and senior living spin-off from The Ensign Group (NASDAQ: ENSG). As part of the spin off, Ensign’s stockholders were given […]
Hospice business is the engine behind Brookdale Senior Living (NYSE: BKD) health care services segment revenues in the third quarter. The segment’s earnings rose 3% in Q3 despite a 1% dip in home health revenue due to high salesforce turnover and customer service issues. The company has worked to expand its hospice operations this year, […]
VITAS Healthcare has seen substantial growth in same-store admissions during the third quarter of the year, boosting its revenues, according to financial results posted by the hospice provider’s parent company, Chemed Corp. (NYSE: CHE). VITAS admissions rose 4.4% from Q3 2018’s numbers to 17,131 patients. This is slightly stronger than the company’s second-quarter 2019 admissions […]
Amedisys Inc. (NASDAQ: AMED) is continuing to use acquisitions to build up its hospice footprint as the company braces for disruption to its home health care business stemming from the forthcoming transition to the patient driven groupings model (PDGM). In the third quarter of 2019 Amedisys hospice segment revenue rose to $162 million, a 57% […]
Encompass Health Corp.’s (NYSE: EHC) recently closed acquisition of Alacare Home Health & Hospice for $217.5 million spurred significant revenue growth in the third quarter. The company’s hospice segment earnings rose 53.7% between Q3 2019 and Q3 2018. A nearly 6% rise in same-store admissions also boosted Encompass Health’s third quarter performance. The company’s average […]
Ensuring that patients avoid unnecessary hospitalizations will be a key value proposition for hospice and palliative care providers, particularly when working within value-based payment models such as the forthcoming Medicare Advantage hospice carve-in in 2021 and the U.S. Centers for Medicare & Medicaid Services’ new Primary Cares Initiative, set to begin in 2020. These emerging […]