Amedisys Poised for COVID-19 Recovery, Further Hospice Growth

The Amedisys, Inc. (NASDAQ: AMED) hospice segment saw a drop in referrals and rising costs stemming from the COVID-19 pandemic during the first quarter of this year. Though the outbreak creates industry-wide uncertainty about the future, demographic tailwinds, de novo activity and acquisitions show promise for a strong recovery, including the company’s $235 million purchase […]

Brookdale Takes Hit From COVID-19, Hospice Service Keeps Growing

The ongoing pandemic and changing payment models for home health gut-punched Brookdale Senior Living (NYSE: BKD) in the first quarter of 2020, but the company continues to see strong volume growth in its hospice business.  Rising expenses and drops in occupancy and resident fee revenues in their senior housing segment took a financial toll on […]

CareCentrix Acquires Turn-Key Health

Post-acute company CareCentrix, headquartered in Hartford, Conn., has closed the acquisition of community-based palliative care provider Turn-Key Health for an undisclosed sum. The transaction has it roots in a partnership the two companies pursued early in the second quarter of 2019, when they began to integrate their respective care management and predictive analytic platforms to […]

Alacare Purchase Boosts Encompass Hospice Despite COVID-19 Woes

Encompass Health’s (NYSE: EHC) hospice business saw positive growth during the first quarter of 2020 despite the company suffering some blows due to the COVID-19 pandemic. The 2019 acquisition of Alacare Home Health & Hospice for $217 million continues to bear fruit, offering major contributions to the company’s hospice revenue during the first quarter, which […]

Rise in Days of Care Buoys VITAS During Pandemic

Like most health care providers, VITAS Healthcare is feeling the effects of the COVID-19 pandemic, but the company appears to be riding out the storm based on its first quarter results.  VITAS saw 10.1% increase in hospice revenues from prior year during Q1, with increased days of care as a prime contributor. VITAS is a […]

Amedisys to Acquire AseraCare Hospice for $235 Million

Hospice and home health provider Amedisys, Inc. (NASDAQ:AMED) has entered into a definitive agreement to purchase Texas-based AseraCare Hospice for a cash purchase price of $235 million. Amedisys has had its eye on AseraCare for a number of years. “In 2016 we actually approached the AseraCare, and at that time they weren’t for sale. We’ve […]

Choice Homecare of Texas Acquires Nextgen Hospice

Choice Homecare of Texas, LLC has purchased Nextgen Hospice for an undisclosed sum. Nextgen will rebrand under the Choice name. Choice Homecare provides hospice, rehab services and home health care in more than 100 counties throughout Texas. The post-acute provider has been on a growth trajectory for a number of years both due to acquisitions […]

Hospice M&A Flourishes in Q1 Despite Outbreak

The first quarter of 2020 has borne out the expectation that the COVID_19 pandemic would have little impact on hospice mergers and acquisitions, at least in the short term. Close to 15 M&A transactions occurred during Q1. This slightly exceeds the 14 transactions that occurred during the fourth quarter of 2019 and beats the total […]

Calls Grow Louder to Delay Hospice Medicare Advantage Carve-In

Stakeholders in the hospice space are calling on the U.S. Centers for Medicare & Medicaid Services (CMS)  to delay the inclusion of hospice in the agency’s value-based insurance design model, commonly called the Medicare Advantage hospice carve-in, on the grounds that providers will not be able to prepare due to the pressures brought on by […]

Rising Employee Insurance Costs Due to COVID-19 Could Hit Hospices

Analysts project that employer health insurance costs could rise by as much as 12% during 2020 as a result of the COVID-19 outbreak. A jump of that size could hit the hospice industry hard, with smaller, community-based organizations being most vulnerable.  The firm of Willis Towers Watson conducted an actuarial analysis of self-funded employers to […]