Humana to Build Up In-Home Services, Focus on Social Determinants

Expanding health care services in the home setting will be a key priority during 2020 for Louisville, Ky.-based Humana (NYSE: HUM), as will an intensified focus on social determinants of health. A Humana spokesperson told Hospice News that hospice services would be a part of this effort. “The next phase beginning in 2020 is to […]

Investors Lean Towards Hospice Amid Disruption in Home Health Space

Investors and companies seeking strategic acquisitions are showing rising interest in an already booming hospice M&A market as they await the fallout from home health care’s transition to the Patient Driven Groupings Model (PDGM), according to an analysis by Provident Healthcare Partners, an investment bank focused on the middle market in the health care space. […]

Hospice Care of South Carolina Purchases Agape Hospice

Hospice Care of South Carolina (HCSC) has completed the acquisition of Spartansburg, S.C.-based Agape Hospice for an undisclosed sum. HCHC is a portfolio company of The Vistria Group, a private investment firm located in Chicago.  The combined company’s more than 800 employees care for a patient population that exceeds 1,400 people throughout 46 South Carolina counties. […]

Strong Management, Geography Attract Private Equity Investors to Hospices

Effective management and geographic location are two key factors that can determine whether a private equity firm will invest in a hospice.  Private equity interest in the hospice market has been on the rise, driven by the fragmented nature of the industry, increased acceptance of palliative care services, the aging population, the changing regulatory landscape, […]

Amedisys Poised for 2020 Hospice Growth

Hospice, home health, and personal care provider Amedisys Inc. (NASDAQ: AMED) is poised for further growth in the hospice space during 2020 thanks to admissions growth, acquisitions and de novo activity.  In the third quarter of 2019 Amedisys hospice segment revenue rose to $162 million, a 57% increase over Q3 2018. The segment’s EBITDA rose […]

LHC Group Completes Two Hospice Acquisitions

LHC Group, Inc. (NASDAQ: LHCG) and its joint venture partner Ochsner Health System have completed the acquisitions of five Egan Home Health and Hospice locations in Louisiana, as well as the purchase of Bryant, Ark.-based Saline Memorial Hospice with its joint venture partner LifePoint Health. Financial terms for both transactions were not disclosed. LHC Group […]

Amedisys Closes Asana Hospice Acquisition

Amedisys, Inc. (NASDAQ: AMED) has closed its purchase of Asana Hospice for an undisclosed amount. Asana Hospice, which operates eight locations in Pennsylvania, Ohio, Missouri, Kansas and Texas, has an average daily census of 540. Following closure of this transaction, Amedisys hospice portfolio will rise to 146 locations in 33 states. “Since our founding, Asana […]

LHC Group to Purchase Egan Home Health & Hospice

LHC Group, Inc. (NASDAQ: LHCG) and its joint venture partner Ochsner Health System have agreed to acquire five Egan Home Health and Hospice locations in Louisiana. Financial terms of the transaction were not disclosed.   The companies launched the joint venture, called Southeast Louisiana HomeCare, in 2009. The Egan deal is expected to close on Jan. […]

LHC Group Looks to Double Its Hospice Footprint Within 12-18 Months

Hospice and home health care provider LHC Group (NASDAQ: LHCG) plans to expand its hospice operations to twice the number of locations it currently operates within 12 to 18 months, primarily through acquisitions. The company’s strategy has been to acquire hospices through its extensive joint venture partnerships to build hospice density in markets in which […]

Hospice Mergers and Acquisitions Outlook for 2020

Demographic growth and the availability of capital are among a handful of forces driving a robust mergers and acquisitions market in the hospice space, motivating companies to make acquisitions at a relatively brisk pace. From 2016 to 2018, the hospice M&A space saw more than 10 transactions of $250 million or more in total enterprise […]