Many hospices during the past two years have been preparing for participation in the Center for Medicare & Medicaid Innovation’s (CMMI) Primary Care First Serious Illness Population payment model. Now that the U.S. Centers for Medicare & Medicaid Services (CMS) has delayed the program indefinitely, providers are assessing the impact of late implementation on their […]
Hospice and home health provider Mission Healthcare is making a significant push into the palliative care space in its home state of California, with eyes on interstate expansion. The company launched its program in the Ventura, Calif., region and is now mobilizing to bring palliative care to each market it serves. Mission is a portfolio […]
Encompass Health (NYSE: EHC) is poised for continued expansion in its hospice segment both through same-store admissions and acquisitions. A promising trend that could support that growth is improved access to patients in nursing homes and assisted living facilities as more vaccine become available. These growth plans come at a time when the company is […]
St. Croix Hospice, a portfolio company of the private equity firm H.I.G. Capital in Missouri, has expanded with a de novo in the city of Independence, further building its footprint in the western portion of that state. H.I.G. Capital acquired St. Croix from PE firm the Vistria Group last year for an undisclosed amount in […]
Geographic location and the ability to co-locate new hospice operations with personal care or home health assets are key factors in how Addus HomeCare Corp. (NASDAQ: ADUS) makes merger and acquisition decisions. These considerations have become even more important as multiples in the hospice space continue to rise. Multiples in the hospice and home care […]
LHC Group, Inc. (NASDAQ: LHCG) and Orlando Health have expanded their joint venture with the realignment of Bayfront Home Health Services in the St. Petersburg, Fla., market. LHC Group owned Bayfront individually prior to this transaction; control of the organization now transfers to the joint venture. LHC Group finalized its joint venture with Orlando Health […]
LHC Group (NASDAQ: LHCG) is determined to expand the scale of its hospice services with heavy emphasis on acquisitions. The company has earmarked $421.5 million for acquisitions during 2021 with 84% of those dollars designated for hospice transactions. LHC Group’s acquisition strategy is focused on co-locating new hospice operations with their existing home health locations, […]
Addus HomeCare Corporation (NASDAQ: ADUS) is actively pursuing additional hospice acquisitions in early 2021 even as it works to integrate its recent Queen City Hospice purchase in Ohio. In December 2020, the company bought Queen City and its affiliate Miracle City Hospice the private equity firm Stonehenge Partners for a cash purchase price of $192.0 […]
Like many health care providers, Baton Rouge, La.-based Amedisys Inc. (NASDAQ: AMED) did not come out of 2020 unscathed by the coronavirus pandemic. Nevertheless, the company’s hospice segment grew during the outbreak and is anticipated to continue expanding, largely through acquisitions. Amedisys is benefitting from demographic tailwinds of the aging population and rising utilization that […]
The Pennant Group (NASDAQ: PNTG) plans to be an active acquirer during 2021 with an emphasis on hospice and home health targets. The hospice, home health and senior living provider increased its revolving line of credit by $75 million to a total $150 million this week, pledging to apply those resources to buying new operations. […]
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