The recent appointments of a new C-suite executive team at Encompass Health’s (NYSE: EHC) hospice and home health business is a likely indicator that the company will spin off that segment into a separate company according to an analysis from the financial services company Jeffries. Encompass announced last December that it was considering a strategic […]
The Dare County Board of Commissioners in North Carolina has approved the sale of its local home health and hospice agency to BrightSpring Health Services for $2.9 million. The deal is contingent upon BrightSpring maintaining services throughout the Dare County agency’s current service region and retaining its employees. The county began a bidding process late […]
Following the close of the Kindred at Home acquisition in the third quarter, Humana Inc. (NYSE: HUM) plans to spin off and sell the company’s hospice business to capitalize on high market valuations. The company also expects to see substantial cost savings through reduced hospitalizations and skilled nursing admissions as more care moves into the […]
Tennessee-based National Healthcare Corp. (NYSE: NHC) has acquired total ownership of hospice and palliative care provider Caris Health. NHC previously held a majority stake in Caris, which will now become a wholly owned subsidiary. Prior to the transaction, Caris founder and former managing director Norman McRae and McRae Investment Company were the minority stakeholders. Financial […]
Iowa-based Sherer Management is exiting the hospice and senior living industries with the sale of its hospice and senior living assets. The company is keeping the identities of the buyers confidential. They include a regional senior living operator and a private equity firm. Financial terms were undisclosed. Sherer Management is a family-owned business that operated […]
The Pennant Group, Inc. (NASDAQ: PNTG) has purchased Sacramento, Calif.-based First Call Hospice. Pennant remains bullish on hospice and home health acquisitions, with a number of deals in its pipeline. The company in February increased its revolving line of credit by $75 million to a total $150 million, pledging to apply those resources to buying […]
San Diego-based Mission Healthcare has signed a definitive agreement to acquire Silverado Hospice locations in Ventura and San Mateo, Calif., and Salt Lake City. Mission’s footprint historically has been concentrated in southern California, but this year the home health and hospice provider is starting to push north. Financial terms of the transaction were undisclosed. Silverado […]
Hospice providers are increasingly turning to data analytics systems to gain an edge against competitors when engaging prospective referral partners, anticipating impacts in value-based care. Data are key to demonstrating the value of hospice to potential referral partners as evolving value-based payment models take effect. The value-based insurance design demonstration project, commonly called the Medicare […]
Leveraging quality data and education when establishing payer relationships will be critical to success as hospices begin to work within the value-based insurance design (VBID) demonstration, often called the Medicare Advantage hospice carve-in. The program started small in its first year, with 53 participating health plans, but stakeholders expect it to grow in 2022 and […]
North Carolina-based Burke Hospice & Palliative Care and Caldwell Hospice and Palliative Care have completed a merger. The combined company is rebranding under the name Amorem. Caldwell Hospice and Palliative Care CEO Cathy Swanson will lead the new organization, a nonprofit. She has been at the helm of Caldwell Hospice and Palliative Care CEO for 31 […]
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