Empassion Health helped generate nearly $60 million in net Medicare cost savings in 2024 through its participation in the high-needs track of the Accountable Care Organization Realizing Equity, Access and Community Health (ACO REACH) program. Empassion’s gross savings through the payment model totaled $75 million. The results reflect Empassion’s emphasis on patient risk stratification, care […]
Hospice spending has seen a downward trend among participants in the Accountable Care Organization Realizing Equity, Access and Community Health (ACO REACH) payment model. Medicare spending has been “significantly reduced” by new ACO entrants over the last three years since the payment model’s launch, according to a new report by NORC at the University of […]
Family Hospice LLC has completed its acquisition of North Georgia Community Hospice LLC for an undisclosed amount. The deal closed on Wednesday and marks an important milestone for Georgia-based Family Hospice’s expansion across its home state, CEO Charlie Hall indicated in a press release. The transaction represents an opportunity to improve hospice access for patients […]
Deacon Associates has agreed to acquire 31 home health and hospice agencies from Nashville-based HCA Healthcare’s [NYSE: HCA]. Financial terms of the deal were undisclosed. Hospice agencies represented 23% of HCA Healthcare’s total divested assets, which sprawl across eight states. Announced Wednesday, the acquisition is expected to close in roughly three months, pending regulatory approval, […]
The National Partnership for Healthcare and Hospice Innovation (NPHI) has called for payment reform while also raising questions about recent recommendations from the Government Accountability Office (GAO). GAO is recommending that Medicare pay hospices for routine home care on a per-visit basis instead of the current per-diem model. In a recent report, the agency said […]
A current moratorium on home health and hospice Medicare enrollment could increase demand for mergers and acquisitions in the short term. The U.S. Centers for Medicare & Medicaid Services (CMS) in May imposed a six-month nationwide moratorium on the enrollment of new hospice and home health providers in Medicare. The pause is intended to address […]
Humana (NYSE: HUM) has agreed to sell substantially all of its 40% minority stake in the hospice company Gentiva in a $900 million transaction. The 40% ownership stake will go to a “consortium of investors,” according to Humana. Other financial terms were not disclosed. “Humana intends to utilize proceeds from the sale for general corporate […]
Texas-based Lucent Health Group has acquired Chambers Home Health & Hospice. Financial terms were undisclosed. Chambers is a regional home health and hospice platform that serves eastern Texas. The company serves thousands of patients annually across more than 20 Texas counties through three brands, Chambers Home Health, Chambers Hospice, and Healthcare Associates LLC, according to […]
Bristol Hospice has purchased Hope Hospice & Palliative Care for an undisclosed amount, expanding its geographic footprint in the South. Established in 2020, Hope Hospice & Palliative Care serves patients across the region of Memphis, Tennessee. The hospice and palliative care provider has built a strong, trusted reputation for high quality across these communities, said […]
Monroe Capital has extended a senior credit facility to support the private equity firm Warburg Pincus’ investment in the home-based care provider Cornerstone Caregiving. Cornerstone, based in Waco, Texas, provides hospice, home care, palliative care and a range of other home-based health care services. The company, which was founded in 2020, operates hundreds of locations […]
