Addus HomeCare Corporation (NASDAQ: ADUS) has acquired Chicago-based Apple Home Healthcare, Ltd., for an undisclosed sum. Texas-based Addus has more than 200 locations across 22 states, including Illinois. The state is one of three in which Addus offers its trifecta of business lines — personal care, home health and hospice. The company’s growth sights have […]
Enhabit Home Health and Hospice (NYSE: EHAB) has acquired Texas-based Caring Hearts Hospice for an undisclosed amount, adding four locations to the company’s footprint in the state. Enhabit emerged from the spinoff of Encompass Health’s (NYSE: EHC) home health and hospice segment, which completed in July. The company is pushing to grow right out of […]
Agape Care Group has expanded into Alabama and Louisiana with the acquisition of Journey Hospice. Financial terms were undisclosed. South Carolina-headquartered Agape is a portfolio company of the private equity firm Ridgemont Equity Partners. With the addition of Journey, Agape’s average daily census exceeds 3,700 daily across five states, with a staff of 1,500. “Both […]
Texas-based Jet Health, Inc., has acquired Trio Home Health Care and Hospice, growing its reach in the Lone Star State, which is a key focus area for the company. With the Trio purchase, Jet Health will now operate 10 locations in Texas and employ a staff of 500 full-time professionals across the state. Financial terms […]
Texas-headquartered Choice Health at Home has entered the personal care space with the acquisition of Instant Care of Arizona for an undisclosed sum. The transaction also gives Choice its first foothold in the Grand Canyon State. Established in 2003, Instant Care of Arizona provides in-home senior care and caregiving support to patients and their families […]
Only 10 new Medicare Advantage (MA) plans will offer home-based palliative care as a primarily health-related benefit for 2023, but payers may be offering those services through other programs. Among Medicare Advantage supplemental benefits, in-home support services and caregiver support saw the most year-over-year growth for 2023. The number of plans offering home-based palliative care […]
The Center for Medicare & Medicaid Innovation (CMMI) is developing new reimbursement pathways for palliative care. As part of that process, CMMI is applying elements of its Medicare Care Choices Model (MCCM) demonstration, which ended Dec. 31, 2021, according to a new CMMI white paper. MCCM was designed to test the impact of concurrent hospice […]
The hospice component of the value-based insurance design (VBID) demonstration will include elements designed to promote health equity in 2023. HHS indicated that VBID participants will implement strategies to advance health equity across all aspects of their participation. This aligns with previous statements from the U.S. Centers for Medicare & Medicaid Services (CMS) that health […]
Rising demand and demographic tailwinds are propelling rapid growth in both the hospice and palliative care markets. But ongoing labor pressures remain a risk point. A large concern is whether there will be enough hospice and palliative care providers to keep pace with demand, according to Brian Tanquilut, equity analyst in health care services at […]
Rippl, a new company offering mental health care to seniors, began operations today following a $32 million seed funding round. Rippl’s services focus on seniors suffering from dementia and other neurocognitive conditions. ARCH Venture Partners and General Catalyst led the investment round with participation from GV, F-Prime Capital, and Mass General Brigham Ventures. The company […]
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