The sale of Bristol Hospice by private equity backers Webster Equity Partners is moving into the second face of the acquisition process. The remaining bidders are all private equity firms, with strategic buyers stepping out of the process after the first round, which took place last week, PE Hub reported. Bids are reportedly reaching as […]
Private equity interest in the hospice sector has been gaining momentum in recent years, raising the stakes in hospice deals and stepping up competition for acquisition targets. Private equity transactions and an influx of new deals during 2021 could drive up hospice valuations that have already reached record highs. The hospice market remained extremely active […]
Hospices nationwide have been diversifying their services in recent years to capitalize on value-based payment models and to establish relationships with patients further upstream in the course of their illnesses. An increasing number of hospice providers are offering PACE, home-based primary care, and palliative care, among others. These programs will be essential for those considering […]
Headwinds stemming from a lack of access to senior housing facilities during the pandemic took a toll on hospice providers’ margins during 2020, but that market is expected to rebound as the year progresses. The pace of that change remains uncertain, according to Keven McNamara, president and CEO of Chemed Corp. (NYSE: CHE). Chemed is […]
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 […]
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