Home health and post-acute care provider Charter Healthcare Group recently acquired New Mexico-based Silver Linings Hospice Care for an undisclosed amount, marking the company’s entrance into the state. Silver Linings provides hospice care to communities throughout north central New Mexico. The decision to acquire the hospice came with an aim to increase patient reach and […]
Home health and hospice provider The Care Team has purchased Allentown, Pa.-based Arcadia Hospice for an undisclosed amount. The company views the acquisition as an important foothold as it seeks to build national scale. The Care Team is a portfolio company of the Denver-based private equity firm Revelstoke Capital Partners. In addition to hospice care, […]
Health care data analytics company Trella Health anticipates that it will double in size by the end of 2022 following a funding round the company described as “significant.” Investment firm Cressey & Company led the round. Dollar amounts for the round were undisclosed. Atlanta-based Trella Health provides market intelligence to companies in the post-acute care […]
Efforts to mitigate the health care workforce shortage are starting to pay off for LHC Group (NASDAQ: LHCG), though the company is still experiencing higher labor costs due to the current need to employ more contracted personnel. LHC Group took steps to enhance their recruitment and retention strategies early in the year that are seeing […]
The advent of value-based programs such as the hospice component of the value-based insurance design (VBID) demonstration hold financial promise for providers — as well as risks. As the hospice component of VBID nears the end of its first year, some providers are seeing gaps between how the program is designed and how it is […]
Despite prevailing COVID-19 headwinds, the hospice and home health mergers and acquisitions market shows no signs of slowing. Labor shortages plaguing the industry may be spurring additional activity as the dwindling workforce is limiting some providers’ ability to grow organically. A number of the larger strategic buyers — LHC Group (NASDAQ: LHCG), Amedisys (NASDAQ: AMED), […]
COVID-19 headwinds slowed hospice growth during 2020 and 2021. This will likely trend into 2022, but signs of recovery are starting to show, according to Paul Kusserow, CEO of Amedisys (NASDAQ: AMED). During the past two years hospices have contended with worsening staff shortages, rising supply costs, increased paid leave and employee quarantines due to […]
The Pennant Group (NASDAQ: PNTG) will likely slow down its acquisition activity during the remainder of the year and early 2022 as they work to recover from pandemic headwinds that bruised the hospice, home health and senior housing provider during the third quarter. Pennant has been aggressive on acquisitions during the past two years, including […]
LHC Group (NASDAQ: LHCG) executives today announced a slowed, albeit continued, focus on hospice growth heading into 2022. The company has been bullish on the hospice market in recent years, with hospices deals making up a little more than 60% of in cash flow set aside to further boost its M&A pipeline last quarter. Heading […]
Humana (NYSE: HUM) is currently migrating Kindred at Home’s home health services into its health care service brand, CenterWell. The company will be focused on expanding the acquired asset’s footprint in select markets in North Carolina and Virginia in 2022 as it paves the way for a hospice spin off. Humana in April completed the […]
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