When the U.S. Centers for Medicare & Medicaid Services (CMS) in 2019 announced its Primary Care First Serious Illness Population model, many hospices saw the program as their greatest opportunity for successful participation in the agency’s alternative payment structures. While interest in the program remains high, many providers are shifting their gaze towards the direct […]
Private equity firm Webster Equity Partners has officially launched the sale process of its Bristol Hospice asset, according to PE Hub. Bristol is one of the last private equity-backed hospice companies of scale that is likely to come to market in the near future. Bristol is a large multi-regional player that has grown seven times […]
The hospice and home health sectors saw strong consolidation activity at the end of 2020, according to a fourth quarter report from Provident Healthcare Partners. The report indicated that increased private equity transactions and an influx of new deals during 2021 will be attracting interest and driving heightened valuations in a growing hospice market. Private […]
Private-equity backed hospice and home health provider Charter Heath Group has acquired Serene Care Hospice in Omaha, Neb., for an undisclosed sum. The company also purchased Omaha-based home health company Physmed from the same owner. Charter is a portfolio company of Pharos Capital Group, based in Dallas and Nashville. Charter providers a range of senior […]
Caring Brands International subsidiary Interim HealthCare has purchased one of its franchise locations from its owner. The company also bolstered its international presence with home health acquisitions in Australia and Ireland. The company’s acquisition of its California-based Interim HealthCare of San Diego was prompted by the former owner’s retirement. The San Diego operations will continue […]
AngMar Medical Holdings is expanding its Angels Care Hospice brand with the acquisition of three unnamed hospice provider with locations in Texas and Nebraska for an undisclosed amount. The company has also opened a de novo location in Prescott, Ariz. Historically a home health provider, AngMar entered the hospice market in Oct. 2019 with the […]
Humana Inc. (NYSE: HUM) is diving into the value-based insurance design demonstration — or Medicare Advantage hospice carve-in — beginning in five markets: Atlanta, Cleveland, Denver, the Louisville, Ky., metro area (including southern Indiana), and the Richmond-Tidewater region of Virginia. Among the nine insurance companies that will participate in the Medicare Advantage carve-in during the […]
Senior care association LeadingAge has completed its affiliation with the Visiting Nurse Associations of America (VNAA) and its offshoot organization, ElevatingHOME. This move expands LeadingAge’s reach into the home health and hospice sectors. The groups announced their intent to merge in Feb 2019. In the interim the organizations have undergone a transition period in which […]
Value-based payment programs are opening up to hospices in 2021, including a mix of risk- and performance-based models. These new payment systems come at a time when hospices face stiff competition from other care providers entering the market. The Primary Care First initiative and the Seriously Ill Population payment programs are expected to have reaching […]
Alivia Care has gained a new affiliate in George-based Hospice Satilla. The agreement continues an industry-wide trend of smaller providers joining forces to build scale in anticipation of value-based payment models. As hospices move closer to value-based payment structures like Medicare Advantage, scale will become increasingly important. Many private payers prefer to work with providers […]