Report: Amedisys May Sell 100 Locations to Advance UnitedHealth Group Deal

Amedisys Inc. (NASDAQ: AMED) has reportedly agreed to divest upwards of 100 home health and hospice locations to an undisclosed private equity buyer as the company addresses regulators’ antitrust concerns in its pending acquisition by the UnitedHealth Group’s (UNH) health care services arm Optum.  The news came in a recent social media post from The […]

[UPDATED] Enhabit Will Remain a Standalone Business

The home health and hospice provider Enhabit, Inc. (NYSE: EHAB) will continue to operate as a stand-alone company instead of pursuing a sale. The company has completed a strategic review, which began last August, to consider alternatives such as a merger or sale. Progress on the company’s goals had not been fast enough, CEO Barbara […]

Pennant Sees ‘Record-Breaking’ Hospice, Home Health Growth

The Pennant Group, Inc. (NASDAQ: PNTG) brought in record-high service revenue during the first quarter of the year, in part fueled by growth in its hospice and home health service lines. Meanwhile, the Idaho-based home health, hospice and senior living provider is full-speed ahead on its same-store growth and acquisition plans, according to Pennant CEO […]

Addus HomeCare Expects 2024 Acquisitions

Addus HomeCare Corp. (NASDAQ: ADUS) is poised for further acquisitions, potentially including some hospice deals. The company is seeking to pair its clinical services with its personal business in its existing markets. This is a cornerstone of its acquisition strategy. But Addus Chairman and CEO Dirk Allison does not rule out the possibility of moving […]

BrightSpring Expects 2024 Expansion, Acquisitions

BrightSpring Health Services Inc. (NASDAQ: BTSG) is positioning itself for further growth, driven in part by acquisitions. During the first quarter of the year, BrightSpring saw net revenue rise 27% year-over-year to $2.5 billion. The Louisville, Kentucky-based provider achieved a gross profit of $369 million, up 10.4% compared to $335 million in Q1 2023, but […]

Pennant Acquires South Davis Home Health, Hospice

The Pennant Group, Inc. (NASDAQ: PNTG) has acquired Utah-based South Davis Home Health and South Davis Hospice for an undisclosed amount. The Pennant Group and its independent operating subsidiaries provide health care services through 111 home health and hospice agencies and 51 senior living communities throughout several states. “This acquisition provides us with an opportunity […]

VITAS Bullish on Hospice, Palliative Care Acquisitions Following Covenant Deal

Chemed Corp. (NYSE: CHE) subsidiary VITAS Healthcare is ramping up its strategic growth plans in both hospice and palliative care amid rising demand for these services. VITAS earlier this month completed its $85 million acquisition of Covenant Health and Community Services’ hospice operations and one assisted living facility location. Announced in March, the deal marked […]

Amedisys Reports Hospice Revenue Growth

Amedisys Inc. (NASDAQ: AMED) has seen gains in its hospice segment as it waits for closure on its pending acquisition by Optum. The company’s hospice segment brought in $201 million in the first quarter of the year, up from $193.4 million year over year. Cost per day rose 2.3% during the quarter, however, largely due […]

DayNew Launches Grief Care Platform

DayNew, a new tech platform launching today, aims to help individuals and families navigate the aftermath of a catastrophic loss, including bereavement. The company’s founders, Karine Nissim and Eloise Bune, were introduced by a mutual friend after they each unexpectedly lost their husbands. The pair were already serial entrepreneurs. Nissim had previously established the company […]

VITAS Closes $85M Covenant Health Transaction

VITAS Healthcare, a subsidiary of Chemed Corp. (NYSE: CHE), has completed its $85 million acquisition of Covenant Health and Community Services’ hospice operations and one assisted living facility location. The deal is structured as an asset purchase, which allows the buyer to assume liability for assets included in the transaction. It also brings VITAS into […]