Global private equity firm Advent International, has agreed to acquire Dallas-based post-acute and hospice provider AccentCare Inc., for an undisclosed amount. The transaction is Advent’s first acquisition in the hospice and home health space, company representatives told Hospice News. Advent will purchase the company from Oak Hill Partners, a private equity company based in New […]
Irvine, Calif.-based home health provider Jet Health Inc., has entered the hospice market with the acquisition of Boise, Idaho-based First Choice Home Health and Hospice for an undisclosed amount. First Choice, initially a home health provider, began offering hospice care in 2012 after completing a merger with area hospice A Better Way Home. The company […]
Tyler, Tex.-based Choice Homecare of Texas LLC., a holding company focused on health care businesses, has acquired Legacy Hospice, also based in Tyler and Sulphur Springs, Tex., for an undisclosed amount. Legacy will rebrand as Choice Hospice. The transaction marks Choice’s fifth acquisition since Jan. 1, 2018. In addition to hospice, Choice’s holdings include home […]
Joint venture partners LHC Group, Inc. (NASDAQ: LHCG) and Capital Region Medical Center (CRMC) have entered an agreement to purchase one hospice agency in Mexico, Mo., as well as two home health agencies, one located in Jefferson City, Mo. Financial terms of the transaction were undisclosed. The joint venture expects the transaction to close before […]
A Salt Lake City-based private equity firm has purchased Comfort Hospice & Palliative Care in Portland, Ore., for $20 million. The purchasing company—a large regional operator with 30 additional hospice locations primarily in the Western United States—has not been identified publicly. Comfort Hospice & Palliative Care earns nearly $8.3 million in annual revenues and cares […]
Cornerstone Healthcare Inc., a subsidiary of The Ensign Group (NASDAQ: ENSG), as of May 1 acquired the assets of Texas-based Resolutions Hospice for an undisclosed amount. Cornerstone subsidiaries now operate 26 hospice operations, 25 home health operations, and nine other home care operations across 12 states. Prior to this transaction Resolutions Hospice was a family-owned […]
The Hospice of Randolph County (HRC) and Hospice of the Piedmont (HOP), both in North Carolina, will merge effective Sept. 30, the second large nonprofit hospice merger in the region this year. HRC will continue doing business as Hospice of Randolph County, a subsidiary of Hospice of Piedmont, pending regulatory approvals and approval from the […]
Amedisys, Inc. (NASDAQ: AMED) has acquired all the assets of Tulsa, Okla.-based RoseRock Healthcare, a provider of specialized hospice care to approximately 220 patients daily in northeastern Oklahoma, for an undisclosed sum. “Whether we’re delivering care at a patient’s bedside, supporting our clinical team or educating the community on the hospice benefit, hospice isn’t just […]
Encompass Health Corp. (NYSE: EHC) has entered into a definitive agreement to purchase all of the assets of privately owned Alacare Home Health & Hospice for $217.5 million. With this acquisition, Encompass Health will become the 10th largest U.S. hospice provider, based on Medicare reimbursements. EBITDA multiples were not disclosed. Birmingham, Ala.-based Alacare operates 23 […]
Hartford Healthcare, a Connecticut-based multi-hospital health system, has acquired the Center for Hospice Care (CHC) for its Hartford HealthCare at Home segment. Under the terms of the transaction, the health system will assume all CHC debts and financial obligations. “With our common goals and missions, this partnership will be extremely beneficial for both organizations, staff, […]