The National Association for Home Care & Hospice (NAHC) and the National Hospice and Palliative Care Organization (NHPCO) are moving forward on the integration of their combined new organization. Temporarily dubbed the NAHC-NHPCO Alliance as of July 1, among the goals of merging two of the nation’s largest home health and hospice advocacy groups is […]
BrightSpring Health Services’ (NASDAQ: BTSG) growth strategy rests on three pillars. First, the company targets patient populations with complex needs in large, growing markets. This is coupled with a drive towards volume growth and increasing recurring revenue through quality, sales and marketing efforts and the establishment of de novos and acquisitions. Third, the company works […]
Hospice of the Western Reserve has completed its affiliation with Hospice of North Central Ohio (HNCO), expanding its geographic presence in the Buckeye state. Financial terms of the deal were undisclosed. The two hospice providers in February announced the affiliation after signing a letter of intent to enter a Management Services Agreement. With the finalized […]
The U.S. Centers for Medicare & Medicaid Services (CMS) has unveiled its final 2025 hospice rule, which includes a 2.9% increase in per diem payments alongside new quality reporting measures. The increase represents an estimated $790 million rise in total hospice payments compared to Fiscal Year (FY) 2024. It is also higher than the 2.6% […]
After.com has brought in $10 million through a Series A funding round. The company’s online platform is designed to help families navigate the tasks that follow a loved one’s death without a need for visiting a funeral home. HIPstr, the early stage investment arm of HighPost Capital, led the round. “We are excited to make […]
Enhabit Inc. (NYSE: EHAB) has elected a new board of directors, according to preliminary results of a shareholder vote today. The revamped board includes eight members proposed by Enhabit and one put forth by minority shareholder AREX Capital Management. Final results of the vote will be released in a U.S. Securities and Exchange Commission filing […]
VITAS Healthcare, a subsidiary of Chemed Corp. (NYSE: CHE), is reaping the benefits of this recent $85 million purchase of Covenant Health and Community Services hospice business, along with 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. […]
Home health and hospice provider The Pennant Group (NYSE: PNTG) has been fueling expansion with a series of acquisitions and new partnerships. Most recently, The Pennant Group agreed to acquire Signature Healthcare at Home’s hospice and home health assets for a price tag of $80 million. The transaction involves two separate purchase agreements, with one […]
UnitedHealth Group’s (NYSE: UNH) subsidiary Optum, which holds a substantial home health and hospice business, continues to be a major driver of the company’s growth. Optum is in the process of acquiring the home health and hospice provider Amedisys (NASDAQ: AMED), with closing expected before the end of the year, pending some regulatory hurdles. Optum […]
Amid a feud with one of its minority investors, Enhabit Inc. (NYSE: EHAB) has demonstrated steady hospice growth, according to preliminary Q2 financial results released on Monday. The company will release its comprehensive earnings report next month. But this early report indicates that Enhabit has seen five straight months of sequential hospice average daily census […]
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