LHC Group, Inc. (NASDAQ: LHCG) will acquire two Mesa, Ariz.-based providers, East Valley Hospice and East Valley Palliative Care, expected to become effective on Jan. 1, 2021. This deal is consistent with LHC Group’s strategy of expanding its hospice business in markets in which the company already has a home health presence. LHC Group President […]
Affinity Hospice Holdings, a portfolio company of MBF Healthcare Partners II, L.P. has entered into a definitive purchase agreement to acquire Hands of Mercy Hospice of South Carolina. The deal marks Affinity’s first foray into the South Carolina hospice market, where the company plans continued expansion. Affinity, based in Birmingham, Ala., also operates in Georgia […]
Home health and hospice provider LHC Group (NASDAQ: LHCG) has stretched further into the hospice market with accelerated merger and acquisition activity through joint venture partnerships and organic growth during 2020’s third quarter. Joint ventures form the cornerstone of LHC Group’s hospice mergers and acquisitions strategy, with an emphasis on co-locating hospices in markets where […]
Interest in the hospice mergers and acquisitions market will remain high despite record-high multiples occurring in the space, April Anthony, CEO of Encompass Home Health & Hospice (NYSE: EHC), said at the Hospice News Elevate conference. Encompass expects to complete hospice transactions late in 2020 or early in 2021 after seeing some deals delayed early […]
The COVID-19 pandemic pummeled Brookdale Senior Living’s (NYSE: BKD) hospice segment during the third quarter, despite seeing growth earlier in the year. While patients do not have to be residents of Brookdale’s senior living communities to use their health care services, that is where the company obtains most of its hospice business. With widespread disruption […]
Dale Mackel has been appointed the new chief financial officer and treasurer of the hospice and home health mammoth LHC Group, Inc. (NASDAQ: LHCG). Mackel replaces Robert Williams, who stepped into the role in June when former CFO Joshua Proffitt became LHC Group’s president. According to a regulatory report, LHC Group announced that Williams withdrew […]
Despite taking some hits from the COVID-19 pandemic and rising labor costs in some markets, hospice provider Addus Homecare Corp. (NASDAQ: ADUS) is dipping its toes back into the mergers and acquisitions game. Addus backed off pursuing acquisitions during the early stages of the pandemic, as did much of the hospice industry in the first […]
VITAS, the hospice subsidiary of Chemed Corp. (NYSE: CHE), continues to achieve financial growth despite seeing a drop in median patient length of stay and a reduction in high acuity services, such as general inpatient care and continuous home care. The pandemic has led to a drop in referrals from nursing homes and assisted living […]
Post-acute care company Amedisys (NASDAQ: AMED) will be growing its referral network to include more non-institutional providers due to a shifting patient mix brought on by COVID-19. The pandemic has led to a drop in referrals from institutional health care providers, but created an uptick among other organizations that transition eligible patients to hospice. The […]
Encompass Health’s (NASDAQ: EHC) hospice segment has proven resilient to pandemic-related headwinds compared to the company’s other business lines. Hospice saw revenue and census growth during the third quarter of 2020 even as the company’s home health operations saw some declines due to reduced referrals and fallout from the patient-driven groupings model (PDGM). The company […]