UnitedHealth Group’s (NYSE: UNH) subsidiary Optum Health’s efforts to reorient its strategic approach are beginning to bear fruit in rising revenues. The company projected slow but steady growth in 2026, despite headwinds such as Medicare reimbursement reductions and rising competition in the health care landscape. The insurance giant and health care provider UnitedHealth Group has […]
Hospice of the Chesapeake has acquired the senior services organization Partners in Care of Maryland. Financial terms of the transaction were undisclosed. Partners in Care offers a suite of non-medical services to aid seniors, including transportation, home modifications and other offerings. The two combining organizations will comprise a new, larger entity known as Chesapeake Health […]
The artificial intelligence startup IO Health Technologies has raised $2 million in a seed funding round. The investment firm Nina Capital led the round. The funds will allow IO to further scale its ai-based quality management platform for home health and hospice providers. “We designed IO Health to address the single biggest lever of improvement: […]
The acquisition of the home health and hospice provider Amedisys by the insurance mammoth UnitedHealth Group (NYSE: UNH) has far-reaching implications for the hospice community. The UnitedHealth Group subsidiary Optum, in June 2023 inked its agreement to acquire Amedisys in an all-cash transaction of $101 per share, or about $3.3 billion. After leaping a series […]
CommonSpirit Health at Home will acquire the hospice operations of Good Samaritan Hospital in Vincennes, Indiana. Financial terms of the transaction were undisclosed. The two organizations have long collaborated through their joint venture Good Samaritan Home Care Services, which services communities in Indiana and Illinois. Good Samaritan in an announcement pledged to ensure a seamless […]
Aveanna Healthcare Holdings (Nasdaq: AVAH) is hungry for acquisitions, but hospice transactions are likely not on the menu. Aveanna’s expanding hospice and home health business has largely included a focus on organic growth and tuck-ins across its existing geographic markets. Acquisitions could make up a larger portion of its strategy on the near horizon, according […]
California-based Hospice East Bay has completed its affiliation with Chapters Health System. The hospice now becomes part of Chapters Health West, an extension of Florida-based Chapters’ footprint into Nevada, California and Oregon. Chapters Health West came into being with the affiliation of four hospices with Chapters, including Nathan Adelson, California-based Hospice of Santa Cruz County […]
California-based Hospice of Santa Cruz County has completed its affiliation with Chapters Health System. The hospice now becomes part of Chapters Health West, an extension of Florida-based Chapters’ footprint into Nevada, California and Oregon. Chapters Health West came into being with the affiliation of four hospices with Chapters, including Nathan Adelson, California-based Hospice of Santa […]
The advance care planning technology company Koda Health has secured $7 million in a Series A funding round. The round was led by Evidenced, with participation from Mudita Venture Partners, Techstars and Texas Medical Center. The infusion of capital will allow Koda to further scale its platform nationally and hire additional staff across all of […]
The Pennant Group (Nasdaq: PTNG) has closed its acquisition of former Amedisys and UnitedHealth Group (NYSE: UNH) hospice and home health locations in Tennessee, Alabama and Georgia. The deal includes 54 locations for a purchase price of $146.5 million. Most of these care centers are located in Tennessee, a certificate of need state. Approximately two-thirds […]
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