Limited pathways to reimbursement and workforce shortages are the largest hurdles for growth among community-based palliative care programs. Building partnerships with other providers can help mitigate these barriers, according to Dr. Nathan Goldstein, professor of geriatrics and palliative medicine for the Icahn School of Medicine at Mount Sinai. Some providers have a learning curve around […]
VITAS Healthcare, a subsidiary of Chemed (NYSE: CHEM), has opened a de novo location in Florida that expands its presence into three additional counties. The company’s newest location is in the City of Clewiston, Florida. Unlike some of its competitors, VITAS has focused on de novos for geographic growth rather than acquisitions, in part due […]
As health and hospital systems show a growing interest in home-based care, the competitive landscape for hospices could change — both in terms of market share and staff recruitment. A leading concern is that hospices will see dips in their referral streams, admissions and ultimately their bottom lines, according to YoloCares CEO Craig Dresang. “In […]
Careful management of hospice care manager workloads correlates with longer lengths of stay and improved margins. Length of stay is an important metric from both a clinical and business standpoint. For many patients length of stay is a week or less, which is too short for them to receive the full benefit of hospice care. […]
Utah-headquartered Canyon Home Care & Hospice has acquired Arizona-based internal medicine practice Thomas G. Dallman, M.D., LLC for an undisclosed sum. The move expands Canyon’s existing footprint in the Grand Canyon State and adds weight to its overall growth strategy. Established in 2012, Canyon’s service region stretches across locations in Utah, Arizona, Colorado, Idaho and […]
A recent federal court decision that cleared the way for UnitedHealth Group’s (NYSE: UNH) forthcoming purchase of Change Healthcare (NASDAQ: CHNG) is a positive sign for the insurance company’s pending acquisition of LHC Group (NASDAQ: LHCG). The U.S. Department of Justice sought to block the $13 billion Change Healthcare transaction on anti-trust grounds, alleging that […]
While hospice and home health M&A continue to burgeon, non-medical home care is starting to slip out from under their shadows. Deal volume for non-medical home care companies outstripped that for hospice or home health during the first half of the year. As of the end of Q2, this included 23 deals compared to 17 […]
Hospice provider Agape Care Group has acquired GHC Hospice for an undisclosed sum, furthering the company’s goal of multistate expansion through the Southeast. South Carolina-headquartered Agape is a portfolio company of the private equity firm Ridgemont Equity Partners. Geography was a key consideration in their newest transaction. GHC serves patients in South Carolina and Georgia, […]
South Dakota-based Avera@Home recently formed a joint venture with personal care provider Kore Cares in a move that grew its service line and geographic reach in the state. Avera@Home Hospice offers hospice, home health and home medical equipment services throughout the Upper Midwest. It had long partnered with Kore Cares before officially joining forces. Starting […]
Utah-based Canyon Home Health & Hospice recently acquired Uintah Home Health and Hospice for an undisclosed amount, growing its footprint in the Beehive State. Uintah Home Health and Hospice patients began receiving services under the Canyon umbrella earlier this month. The home health and hospice provider is part of the home care service line of […]
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