Brookdale Senior Living’s (NYSE: BKD) is considering selling off its home health and hospice businesses. The company may seek a private equity-backed, a strategic buyer or a combination of the two, according to a report by PE Hub. Whispers of a potential sale come on the heels of a troubled year for the senior housing […]
Hospice provider The Care Team has acquired InTeliCare Home Health & Hospice in Michigan for an undisclosed amount. The Care Team is a portfolio company of the Denver-based private equity firm Revelstoke Capital Partners. In addition to hospice care, The Care Team providers in-home nursing services, physical therapy, home health care and speech and occupational […]
Through the U.S. Centers for Medicare & Medicaid Services (CMS) forthcoming geographic direct contracting model, participating entities will step into the role of payer as well as provider, including responsibility for program integrity and utilization management. The best opportunity for hospices that wish to be involved would be to establish preferred provider relationships with direct […]
Private equity-backed hospice and home health provider Traditions Health, LLC has purchased Oklahoma-based Centennial Hospice for an undisclosed sum. The move expands the company’s footprint in the Oklahoma City market. Traditions is a portfolio company of family-owned investment firm Dorilton Capital Advisors. Headquartered in College Station, Texas, the company provides hospice, home health care and […]
More Medicare beneficiaries are electing hospice than ever before, and they are generally receiving care for longer periods of time, according to the Medicare Payment Advisory Commission (MEDPAC). As the commission reports these gains, MEDPAC continues to recommend to Congress a 20% reduction in the aggregate cap for hospice payments. During 2019, hospice utilization among […]
Addus HomeCare Corporation (NASDAQ: ADUS) has acquired personal care provider SunLife HomeCare in Tucson, Ariz., for an undisclosed amount. SunLife brings in annualized revenues of $2.6 million. Expansion has been a priority for Addus as the company seeks to build a home health and hospice footprint that matches its personal care operations, its largest business […]
Traditions Health, LLC, has acquired Illinois-based Harbor Light Hospice, a multi-state provider of hospice services, for an undisclosed amount. The acquisition strategically expands the Traditions Health footprint into several new key markets. Traditions is a portfolio company of family-owned investment firm Dorilton Capital Advisors. Headquartered in College Station, Texas, the company provides hospice, home health […]
Hospices that provide palliative care have found that issues surrounding referral management were the most significant hindrance to the financial stability of their programs, according to research conducted by the National Hospice & Palliative Care Organization. Close to 50% of a statistically significant sample of 328 providers indicated in a survey that referral management was […]
Two nonprofit organizations, Iowa City Hospice and the Visiting Nurse Association of Johnson County, are in the process of merging. The combined company’s service lines will offer a continuum of care from birth through the end-of-life. VNA Executive Director Sue Novotny is retiring, and Iowa City Hospice Executive Director Karla Kamal will take the helm […]
Durable medical equipment (DME) provider Hospice Source, which primarily services the hospice market, has purchased DME company Superior Healthcare, Inc. of Martinez, Calif. Financial terms were not disclosed. Hospice Source is a portfolio company of Dallas-based Transition Capital Partners, family office-funded private investment firm founded in1993. The firm is affiliated with the Patterson Thomas Family […]
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