After a 2023 slump, health care dealmakers are voicing optimism for a 2024 rebound. Transaction volume declined in the hospice and home-based care space in 2023, following the two record-breaking prior years. Only three hospice deals took place in the third quarter of this year compared to 11 in Q3 2022 and 18 in the […]
Two of the nation’s largest hospice and home-based care industry organizations are merging and have announced a combined board that will guide the transition. The National Association for Home Care & Hospice (NAHC) and the National Hospice and Palliative Care Organization (NHPCO) floated the possibility of a combination in March in light of their existing, […]
The hospice and senior care provider Helios Care is partnering with the integrated health system Bassett Healthcare Network to bring more extensive access to hospice and palliative care to patients in central New York. The two providers are collaborating to establish a “more cohesive and seamless continuum of care” across Bassett’s eight-county service region. As […]
Residential Hospice has acquired Illinois-based Safe Haven Hospice from the senior living provider Christian Horizons for an undisclosed sum. The transaction expands Residential’s presence in four Illinois counties. The company is a division of Graham Healthcare Group, a subsidiary of Graham Holdings Company (NYSE: GHC). “With the addition of Safe Haven Hospice, we are poised […]
The durable medical equipment (DME) provider National HME has acquired Hospice Source, also a DME company. The transaction beefs up National HME’s footprint, which currently includes more than 50 locations nationwide. The Texas-based company developed its Hospice Cloud Pro technology platform to facilitate consolidated equipment ordering and provide clients with data on utilization, cost trends, […]
Private equity firms typically turn around and sell an asset within three to five years post-acquisition. However, some may slow that cycle down in today’s economic environment. The presence of private equity firms in the hospice arena has expanded exponentially during the past several years. But this year, deal volume slowed across the board. While […]
A rich mix of hospice merger and acquisition (M&A) activity at the end of 2023 is fueling trends into next year. Hospice M&A activity has diverged from the frenzied pace set in recent years. The hospice space in the last five years has seen record-breaking multiples, a prevalence of private equity-backed platform transactions and large-scale […]
After the tumultuous years of the pandemic, VITAS Healthcare expects a stable growth trajectory heading into 2024. Florida-based VITAS is a subsidiary of Chemed Corp. (NYSE: CHE). Though the company has not yet released financial guidance for 2024, VITAS anticipates a “predictable” year in terms of earnings and growth, executives said at Monday’s Bank of […]
The Pennant Group Inc. (NASDAQ: PNTG) has inked a deal to acquire Arizona-based Southwestern Palliative Care & Hospice for an undisclosed amount, adding to its existing presence in the state. Southwestern Palliative Care & Hospice provides home-based end-of-life and serious illness care to communities in Yuma, Arizona. Founded in 2013, the hospice and palliative care […]
Three independent providers — By the Bay Health, Mission Hospice & Home Care and Hope Hospice — will merge, becoming the largest nonprofit hospice network in northern California. By the Bay and Mission in September announced their plans to merge. In the intervening months, Hope Hospice also joined the transaction. The organizations indicated that joining […]
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