New York-based private equity firm Welsh, Carson, Anderson & Stowe (WCAS) has launched a portfolio company called Valtrius that will invest in companies oriented around value-based care. The firm’s initial investment totaled $300 million. WCAS has invested nearly $10 billion during the past 40 years in more than 90 health care companies via 13 private […]
Addus HomeCare Corporation (NASDAQ: ADUS) is on the hunt for acquisitions. While its 2021 acquisition strategy is heavily weighted toward home health and personal care, the company has its eyes out for hospice assets. This is evidenced by the recent acquisition of Armada Hospice of New Mexico and Armada Hospice of Santa Fe for $29 […]
A year and half into the novel coronavirus pandemic, hospices are growing increasingly concerned that emerging variants of the virus will severely impact their operations, workforce and finances. As infections surge, particularly among the unvaccinated, many communities are reinstating precautions that have been relaxed as more people get their shots. More than 610,000 lives have […]
Disruption in the senior living market stemming from the COVID-19 pandemic continues to adversely affect VITAS Healthcare, a subsidiary of Chemed Corp. (NYSE: CHEM). Senior living occupancy remains lower than historical levels, though widespread vaccination is inching the sector towards recovery. Senior housing, assisted living and similar facilities have long been a significant source of […]
A public or private separation of Encompass Health’s (NYSE: EHC) home health and hospice segment is underway, though details of the forthcoming transaction remain hidden. Encompass announced last December that a strategic repositioning of the segment was in the cards and expects to reveal their ultimate decision before the end of this year. To ready […]
Humana Inc. (NYSE: HUM) expects its acquisition of a 100% interest in Kindred at Home will boost its financial outlook for 2021 and 2022. The company expects that soon-to-be implemented value-based models will be a primary driver of value for that newly acquired segment. Humana in April announced plans to acquire the remaining 60% stake […]
Encompass Health (NYSE: EHC) may be inching closer to spinning off its home health and hospice segment. Encompass announced last December that it was mulling a strategic repositioning of its home health and hospice business. The company has not yet announced a final decision but has indicated that preparations have begun for a possible separation […]
San Diego-based Mission Healthcare has purchased three hospice and home health agencies in its continuing push for multi-state expansion. The company’s newly acquired assets include Tender Care Home Health & Hospice and Sun Tree Hospice in Utah, as well as Hands of Hope Home Care & Hospice in Idaho. Financial terms were undisclosed. Mission is […]
Choice Health at Home has purchased Alpha Home Health and Hospice in Oklahoma for a confidential sum. This marks the company’s third 2021 acquisition in that state. Earlier this month the private equity firm Coltala Holdings purchased a stake in Choice, and that investment is spurring the company’s growth strategy of regional expansion throughout the […]
Minnesota-based Moments Hospice is continuing its multi-state expansion with the establishment of a de novo location in Des Plaines, Ill., a suburb in the Chicago metropolitan area. The new office marks Moment’s first foothold in Illinois. Moments is growing rapidly throughout the Midwest, having opened eight de novos during 2020. The family-owned company has plans […]
By continuing to use the site, you agree to the use of cookies. more information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.
