LHC Group, Inc. (NASDAQ: LHCG) has finalized the acquisitions of Grace Hospice in Tulsa, Okla., as well as two affiliated providers in Mesa, Ariz., East Valley Hospice and East Valley Palliative Care. The Grace transaction marks LHC Group’s entry into the Oklahoma hospice market, where the company already has a home health presence. LHC Group’s […]
Public district hospital boards in Washington state have opted not to sell Hospice of the Northwest to a private-equity backed provider. Hospice of the Northwest is a joint venture between Public Hospital District No. 1, Skagit Regional Health, Public Hospital District No. 304, and United General District 304 health care systems. The sale has been […]
Post-acute care company AccentCare and Rosemont, Ill.-based Seasons Hospice & Palliative Care have completed their planned merger, having cleared customary regulatory and governance hurdles. The combined company will provide a full continuum of home-based health care services, including hospice, palliative care, home health care and personal care. AccentCare is a portfolio company of the private equity […]
Health care workers and long-term care residents are among the highest priority groups as a coronavirus vaccine rolls out across the United States. While enthusiastic about the opportunity to protect staff from COVID-19, hospices remain concerned about vaccination storage costs and increased labor and operational expenses. The U.S. Food and Drug Administration (FDA) issued the […]
Post-acute care providers Empath Health and Stratum Health have received approval to merge from their boards of directors, clearing the way for the deal to close. Regulatory approval is pending and is expected to come through in Jan. 2021. Empath and Stratum are parent companies of Suncoast Hospice and Tidewell hospice, respectively. Their merged enterprise […]
U.S. health care expenditures rose 4.6% to $3.8 trillion during 2019, growing at a similar rate to 2018, which saw a 4.7% increase, according to a new study in the journal Health Affairs. These data come at a time when hospices are working to demonstrate their cost saving capabilities to payers in value-based payment programs, […]
The U.S. Department of Health & Human Services (HHS) is distributing $24.5 billion to more than 70,000 health care providers nationwide following a review of the program’s Phase 3 applications. Thus far the agency has not indicated how much of those funds will be allocated to hospices. The CARES Act, enacted on March 27, earmarked […]
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 […]
