The Texas-based home-based care provider New Day Healthcare has acquired the home health agency Patient Recovery Home Healthcare Services in Houston. Financial terms were undisclosed. The transaction marks New Day’s 14th successful acquisition to date and comes approximately one month after it acquired Christian Senior Care, also in Houston. Patient Recovery Home Healthcare has been […]
De novos and other investments have driven Enhabit Inc. (NYSE: EHAB) to 14 months of steady sequential growth. Enhabit opened five new hospice operations during 2024, building on seven that were established during 2022 and 2023. More de novos are likely on the way, a mix of home health and hospice, according to CEO Barbara […]
Uplift Hospice has acquired Star of Texas Hospice. Financial terms were undisclosed. The transaction will bring Uplift’s average daily census up to 450 across three states — Arizona, Nevada and Texas. The two organizations first connected to discuss a potential transaction through a mutual relationship with the M&A advisory firm Agenda Health, according to Uplift […]
Stymied Medicaid reimbursement for nursing home room and board could threaten access to care for hospice patients in California and possibly other states. The issue centers around patients in nursing homes who are dually eligible for Medicare and Medicaid. When caring for patients in nursing homes, hospices typically pay for their room and board with […]
The Pennant Group (Nasdaq: PNTG) plans to ramp up acquisitions later this year as it works to integrate assets purchased in late 2024. Among those deals was The Pennant Group’s acquisition of Signature Healthcare at Home’s hospice and home health assets for a price tag of $80 million which closed in January. The company also […]
Florida-based VITAS Healthcare is anticipating fruitful hospice growth on its horizon. The Chemed Corp. (NYSE: CHE) subsidiary has seen record-highs in patient census volumes and is ramping up strategic plans to expand its geographic footprint across its home state. Acquisitions and de novos will make up an important mix of VITAS’ expansion, Chairman and CEO […]
Amedisys Inc. (Nasdaq: AMED) saw hospice revenue growth during the fourth quarter of 2024 despite merger-related costs associated with its pending acquisition by UnitedHealth Group (NYSE: UNH). The company’s hospice business saw net service revenues of $212.9 million during the fourth quarter of 2024, up from $20.6 million year over year. For the full year […]
Addus HomeCare Corporation’s (Nasdaq: ADUS) purchase of Gentiva’s personal care segment is bearing fruit as the company drives forward on its acquisition strategy in 2025. But labor constraints and evolving reimbursement pressures could complicate the growth of its hospice and home-based services. The Texas-headquartered personal care, home health and hospice provider is narrowing its strategic […]
New Day Healthcare has acquired the home-based care company Christian Senior Care Services in Houston for an undisclosed sum. The deal, New Day’s 13th to date, expands the company’s personal care services division into five additional counties in the Houston metro area. The operation will continue to operate under its current brand, and the entire […]
Bristol Hospice has acquired St. Agatha Comfort Care in Las Vegas for an undisclosed amount. The seeds of the transaction were sown by a casual introduction. A mutual friend brought together Bristol CEO Alex Mauricio and Alfred Esquerra, CEO of St. Agatha’s. This in time led to discussions of a possible deal. “Bristol’s secret sauce […]
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