The labor pressures in the hospice community are straining clinical operations, but the issue is also becoming a more pressing concern when it comes to mergers and acquisitions. Buyers, in fact, are paying much closer attention to workplace culture and human resources as they select acquisition targets. Hospice M&A has been exploding in recent years […]
St. Croix Hospice has acquired Lombard, Ill.-based Lexington Hospice Care. The company entered the Illinois market last year through a prior transaction. Financial terms were undisclosed. St. Croix, which is backed by the private equity firm H.I.G. Capital, has been on an expansion blitz for at least the past three years, with a focus on […]
Widespread consolidation continues in the hospice space, but the industry’s staff shortage is having a greater influence on M&A decisions. Despite a cool down in early 2022, many expect the hospice M&A market to rebound in the second half of the year. Last year saw a record-number of hospice deals, and many of those buyers […]
Trinity Health at Home recently acquired Iowa-based Above & Beyond Home Health Care and Hospice for an undisclosed sum. The two will officially join forces on July 1 in a move aimed at expanding much-needed care in local communities. The home health and hospice provider is part of Trinity Health, a large, faith-based nonprofit health […]
Agape Care Group has expanded to North Carolina with the purchase of Hospice of the Carolina Foothills. Financial terms were undisclosed. Agape is a portfolio company of the private equity firm Ridgemont Equity Partners. Its newly acquired asset operates in eight counties in its home state and will not rebrand in the near term. “There […]
Private equity (PE) firms represent the strongest competitors for strategic buyers in the hospice mergers-and-acquisitions market. Hospice M&A activity cooled off across the board during the first quarter of 2022. In part, this is because a range of buyers scrambled to complete deals during late 2021 and are now focused on integrating those assets. But […]
As it nears its planned Enhabit spinoff, Encompass Health Corporation (NYSE: EHC) continues to see workforce improvements and a decreased reliance on costly staffing agencies. Its hospice business, however, remains in a difficult spot. Encompass Health has taken a number of steps to improve its clinician recruitment and retention rates, including investing in upskilling programs, […]
Maryland-based Hospice of the Chesapeake has penned an agreement to acquire nearby Calvert Hospice for an undisclosed amount. Both organizations are nonprofits. The two providers have collaborated for several years in a collaborative sharing best practices and supporting growth in specific markets, according to Hospice of the Chesapeake Communications Director Sandra Dillon. “Given the rapidly […]
Humana Inc. (NYSE: HUM) has signed a definitive agreement to sell a 60% stake in Kindred at Home’s (KAH) hospice and personal care business to the private equity firm Clayton, Dubilier & Rice (CDR) for $2.8 billion. Humana will retain the remaining 40%. Kindred at Home has been on a circuitous journey with Humana. The […]
Bristol Hospice has acquired Hospice Select in the Dallas-Fort Worth area for an undisclosed sum. Bristol is a large multi-regional player that has grown seven times larger since private equity firm Webster Equity Partners purchased the company in 2017. The hospice operates more than 45 locations across 13 states, with EBITDA that exceeds $70 million, […]
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