Traditions Health has purchased Oklahoma-based Physician’s Choice Hospice and Palladium Hospice, which operates in multiple states in the Southeast. Financial terms were undisclosed for both transactions. Traditions is a portfolio company of family-owned investment firm Dorilton Capital Advisors. In addition to hospice, the company offers skilled nursing, therapy and home health services. With the Palladium […]
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 […]
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 […]
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. […]
Alleo Health System has acquired Atlanta-based Angel Heart Hospice, as well as that company’s palliative care services, for an undisclosed amount. This continues Alleo’s growth trajectory as the company has pursued a number of acquisitions and developed new disease-specific programs this year. This move expands Alleo’s footprint to eight additional Georgia counties. In Georgia, 51% […]
Deals used to be sealed with handshakes and ink on a dotted line, but COVID-19 has turned these old-school practices into risky propositions. With little opportunity for travel or face-to-face meetings, the COVID-19 pandemic has impacted the ways hospice providers do business when it comes to mergers and acquisitions. Hospice M&A is striding forward at […]
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 […]