Consolidation is a growing trend in the hospice market, leading to a shrinking number of providers nationwide as smaller hospices get absorbed by larger organizations. Hospice topped other health care sectors in merger and acquisition activity this year, despite economic downturn during the COVID-19 pandemic. While M&A transactions slowed significantly early in 2020 as providers […]
Hospices seeking to sell their business to a larger provider or a private equity firm can attract potential buyers by leveraging their outcomes, scale and staffing. These factors dovetail with strategies that can help providers excel in payer negotiations within value-based payment structures. The hospice M&A market has been the most active in the health […]
Home health provider Jet Health Inc., based in Irvine, Calif., grew its hospice footprint with the recent acquisition of Arlington, Texas-based Carrington Hospice Care, Inc., for an undisclosed amount. Citing improved continuity of care and patient satisfaction as driving forces, the acquisition will expand community-based service lines, a draw for many entering the hospice marketspace. […]
Connecticut-based Foothills Visiting Nurse & Home Care has merged with Salisbury Visiting Nurse Association (VNA). Also joining in the merger is VNA Northwest which Foothills acquired in January for an undisclosed sum. The combined organization will be branded as Visiting Nurse & Hospice of Litchfield County. The merging organizations provide hospice, home health care and […]
Amedisys, Inc. (NASDAQ: AMED) anticipates more hospice merger and acquisitions in 2020 despite raging COVID-19 headwinds. Recovering from a drop in referrals and rising COVID-related costs during the first and second quarters, the company expects their hospice segment to grow consistently in coming years. The company has been very active in the M&A market. Acquisitions […]
Hospice and home health provider LHC Group (NASDAQ: LHCG) has seen its hospice admissions stabilize after a period of disruption stemming from the COVID-19 pandemic. Even amid coronavirus headwinds, LHC Group’s hospice segment has continued to grow. The segment brought in more than $61 million during the spring quarter of 2020, representing roughly 13% of […]
Private equity-backed Bristol Hospice has completed its third acquisition of the year with the purchase of Remita Health for an undisclosed sum. Remita Health provides Hospice Care in California, Arizona and Nevada. Bristol is a portfolio company of the PE firm Webster Equity Partners, which acquired the company in 2017. Remita is also supported by […]
Referral volumes for Encompass Health’s (NASDAQ: EHC) hospice and home health businesses have returned to pre-pandemic levels, even as their inpatient rehabilitation hospital segment also regains financial ground lost to COVID-19 during the first quarter. The company took hits in March and April due to the pandemic, which brought on declining referrals and skyrocketing costs […]
The rising tide of evolving payment models forthcoming in 2021 have hospice providers nationwide bracing for waves of change in end-of-life and serious illness care. As the move towards value-based care takes effect, providers will need to expand referral partnerships and enhance data analysis efforts to improve access to patients and families who could benefit […]
AccentCare Inc. is establishing a new post-acute care organization with Fairview Health Services, which will offer hospice, home health and other care. AccentCare will be majority owner of the company with Fairview maintaining 20% ownership. The newly formed company, branded as AccentCare® Fairview, will be Fairview’s preferred post-acute provider and will serve patients throughout Minnesota. […]
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