Caring People has acquired Dallas-based hospice provider Acappella In Home Care. The New York-headquartered home health company on the same day also purchased home care organization Aging Care LLC and AMR Care Group, a care management firm. Financial terms for the three transactions were not disclosed. In addition to hospice, Acappella’s 400 employees also provide […]
Hospices have increasingly sought ways to demonstrate their value proposition to payers in anticipation of the approaching value-based insurance design model demonstration project, coming in 2021. Establishing relationships with participating payers, broadening the scope of care and services, and tracking patient care data will be essential next steps for hospices planning to participate in the […]
Hospices need to take a sharp look at their quality indicators to successfully work with Medicare Advantage Plans. Efforts to boost Hospice Compare star ratings and patient and family satisfaction scores will be essential when the hospice demonstration of the value-based insurance design model begins in 2021, often referred to as the Medicare Advantage hospice […]
The direct contracting component of the Primary Cares Initiative will allow eligible hospice patients to receive curative treatment while also receiving hospice care. The direct contracting options include three voluntary payment models that are designed to help the U.S. Centers for Medicare & Medicaid Services (CMS) and health care providers reduce the cost of care […]
California-based hospice and home health provider Visiting Nurse Association of the Inland Counties (VNA) has been acquired in tandem by two different companies. Bristol Hospice purchased the VNA’s hospice operations for an undisclosed amount, whereas HealthSure Management Services (HMS) will take on the organization’s home health business. Financial terms for the HealthSure transaction were also […]
About 70% of acquisition targets in the home-based health care sector in the second quarter of the year were hospice providers, according to a report from the market intelligence firm Irving Levin Associates. The bulk of those targets provided hospice care alone, rather than a mix with home health. During the first quarter, only 22% […]
Rising volume in its hospice business helped deflect the impact of COVID-19 headwinds on Brookdale Senior Living’s (NYSE: BKD) Health Care Services Segment in the second quarter, which saw a sharp decline in home health admissions. Home health admissions have been falling off industry-wide during the pandemic due to widespread limitations on elective procedures and […]
Hospice providers are charging ahead with merger and acquisition transactions this year despite taking a few financial punches from the COVID-19 pandemic. While the larger health care M&A market saw more disruption, hospice activity proceeded apace according to a new report from Provident Healthcare Partners. Acquisitions in the health care services sector slowed significantly in […]
Hospice and home health provider LHC Group (NASDAQ: LHCG) is doubling down on hospice expansion through the last half of the year. Having voiced its intention to double its national hospice footprint last December, the company expects to cast a wider net in 2020 through acquisitions with joint venture partners. Similar to many providers across the country, […]
Hospice and home health provider Traditions Health, has expanded to markets in two new states with the acquisitions of Faith Hospice of Oklahoma and Embrace Hospice of Georgia. Traditions purchased both providers from Diversified Health Care for an undisclosed sum. Traditions is a portfolio company of family-owned investment firm Dorilton Capital Advisors. Prior to these […]
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