LHC Group, LifePoint Joint Venture Acquires Saline Memorial Hospice

LHC Group (NASDAQ: LHCG) and its joint venture partner LifePoint Health have acquired Bryant, Ark.-based Saline Memorial Hospice, as well as Saline Memorial Home Health, for an undisclosed amount. Both agencies are affiliated with Saline Memorial Hospital, also in Bryant, Ark.  LHC Group anticipates that the transaction, expected to close on Jan. 1, 2020, would […]

Heart of Hospice Acquires Heartstrings

Charleston, S.C.-based Heart of Hospice, LLC, a subsidiary of Evening Post Industries (EPI) Group, has purchased Heartstrings Hospice for an undisclosed sum. Heartstrings will transition to the Heart of Hospice brand. Heartstrings will expand the Heart of Hospice footprint in South Carolina. The company presently serves more than 1,500 patients from 17 locations is Arkansas, […]

Amedisys to Purchase Asana Hospice

Amedisys, Inc. (NASDAQ: AMED) has entered into a definitive agreement to purchase Asana Hospice for an undisclosed amount. The transaction is expected to close Jan. 1, 2020. Amedisys has been doubling down on hospice acquisitions this year, building up its hospice footprint as the company braces for disruption to its home health care business stemming […]

Traditions Health Acquires Pathways Hospice

Hospice and home health provider Traditions Health, LLC, has acquired Tucson, Ariz.-based Pathways Hospice for an undisclosed amount.  Traditions, based in College Station, Texas, provides hospice, home health care and consulting services to more than 1,800 patients in Texas, California and Arizona. Traditions is a portfolio company of family-owned investment firm Dorilton Capital Advisors.   Traditions […]

LHC Group Acquires Hospices in Arizona, Idaho

Hospice and home health care provider LHC Group (NASDAQ: LHCG) and its joint venture partner Lifepoint Health has agreed acquired two hospices — Casa de la Paz Hospice in Sierra Vista, Arizona; and St. Joseph Family Hospice in Lewiston, Idaho — in separate transactions for undisclosed amounts. The companies expect to close the transactions on […]

Hospice M&A Market Goes Strong in Third Quarter

The hospice space saw at least 10 hospice merger & acquisition transactions during the third quarter, a slight dip from the second quarter in which 14 transactions took place. Despite this decline, the hospice M&A market continues to go strong. The hospice merger and acquisitions market has been thriving in recent years, with several top […]

Missouri Home Hospice, Private Equity Firm Acquire Transitions Hospice

Missouri Home Hospice, LLC, a firm with portfolio companies throughout the post-acute care space, and MHS Equities, LLC have acquired Missouri-based Transitions Hospice, marking the third 2019 acquisition for Missouri Home Hospice. In June, the company in a single transaction purchased three Nurses and Company assets, providing private services, home health care and hospice in […]

AngMar Medical Holdings Enters Hospice Market Via Acquisition

Mansfield, Texas-based home health provider AngMar Medical Holdings Inc., has entered the hospice space with the acquisition of its first agency, located in Wichita, Kan. The location will operate under AngMar’s new brand, Angels Care Hospice. Financial terms of the acquisition were not disclosed.  The name of the acquired hospice in Wichita is confidential per […]

Addus Completes $130 Million Purchase of Hospice Partners of America

Hospice and home health care provider Addus HomeCare Corporation (NASDAQ: ADUS) has completed a $130 million purchase of Birmingham, Ala.-based Hospice Partners of American, LLC. The $130 million purchase price represents $118 million of value, net the present value of $11.6 billion of estimated tax benefits, according to Addus. The Hospice Partners transaction was funded […]

Towerbrook, Ascension Health to Acquire Compassus for $1 Billion

Private equity firm Towerbrook Capital Partners and health system Ascension Health have agreed to purchase the Nashville-based hospice provider Compassus at a valuation of $1 billion, with multiples of EBITDA in the low teens, PEHub.com reported.  The two companies will split ownership of Compassus down the middle, each holding an equal stake, according to PEHub.com. […]