The Federal Trade Commission (FTC) is seeking information from UnitedHealth Group (NYSE: UNH) and LHC Group Inc. (NASDAQ: LHCG) regarding the ways minimum wage workers in the space bargain for higher wages. The UnitedHealth Group subsidiary Optum in March announced that it would acquire LHC Group for $5.4 billion, subject to customary regulatory approvals. “As […]
Hospice of Morrow County has joined forces with Ohio’s Hospice of Central Ohio, a member of a regional partnership of providers in the state. Rebranded as Ohio’s Hospice of Morrow County, the organization is now an affiliated member of Ohio’s Hospice, a partnership of nonprofit community-based providers that serve a combined 58 counties statewide. “Together, […]
Ohio-headquartered CommuniCare Health Services recently took over operations of hospice and home health provider Stonerise, expanding the company’s reach in its home state as well as West Virginia. Financial terms of the move were undisclosed. Stonerise’s transitional care model is designed to support patients and families across the health continuum. The company’s range of services […]
Despite hitting a brief slump at this year’s start, hospice merger and acquisition activity still managed to outpace other health care sectors. Strong hospice and home health consolidation continued during the first quarter of 2022, according to a recent report from Provident Healthcare Partners. Both private equity firms and strategic investors remained “bullish” on home-based […]
Oklahoma-based Hospice provider CompleteOK recently entered the Texas market with the purchase of a license from Avenir Hospice Care for an undisclosed sum. With the license in hand, the company expects to open a de novo in that area within six months. Acquiring a license generally requires less capital than purchasing an entrenched asset already […]
Two Oregon locations included in Humana’s (NYSE: HUM) divestiture of Kindred at Home’s hospice assets are currently under review by the state’s health authority — part of the diligence process involved in any M&A transaction. Humana in April signed a definitive agreement to sell a 60% stake in Kindred at Home to private equity firm […]
LHC Group (NASDAQ: LHCG) shareholders overwhelmingly approved the acquisition of the company by UnitedHealth Group (NYSE: UHG) subsidiary Optum for $5.5 billion. Optum announced the forthcoming deal in April. The purchase agreement stipulates that UnitedHealth Group will acquire LHC Group’s common stock for $170 per share. The companies expect the transaction to close during the […]
More hospitals and health systems are stepping into the home-based hospice space, often seeing joint ventures as a promising route to a return on their investment. While there are several factors driving facility-based health care organizations to eye home-based care, more than anything, hospices and other providers should simply be aware that the “normal” look […]
Hospice provider Complete Oklahoma has acquired a license from Houston-based Avenir Hospice Care, establishing the company’s first foothold in Texas. Financial terms were undisclosed. The Complete Oklahoma deal clears the way for the company to launch a de novo in the burgeoning Texas market, according to Alex Veach, director of operations for the M&A advisory […]
As one massive home health and hospice transaction steams towards completion, another is delayed. The forthcoming spin-off of Enhabit Home Health & Hospice from Encompass Health (NYSE: EHC) is just about ready to close on July 1. Meanwhile, a minor administrative snag will delay closing of UnitedHealth Group (NYSE: UHG) subsidiary Optum’s acquisition of LHC […]
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