Bristol Purchases Hope Hospice in Missouri

Bristol Hospice has acquired Missouri-based Hope Hospice for an undisclosed sum in the company’s first deal of the year. This follows nine acquisitions during 2020 and 14 in total since private equity firm Webster Equity Partners purchased the agency in 2017. Hope Hospice in St. Louis was established in the early 2000s. Discussions of a […]

Traditions Health Expands Reach with Acquisitions in 3 States

Traditions Health LLC has grown its reach with the acquisition of five hospice entities in California and Nevada. The move strategically expands its presence into those states, according to a recent announcement from the company. Traditions on Wednesday announced acquiring San Diego-based Sonata Hospice, as well as Cadence Hospice, Pacific Crest Hospice and Sonata Hospice […]

Addus Gains Momentum on JourneyCare Integration

Addus HomeCare Corp (NASDAQ: ADUS) is gaining traction in its integration of JourneyCare as it works to build a larger continuum of coordinated care. Addus completed its $85 million acquisition of Illinois-based nonprofit JourneyCare last month. Serving 750 patients daily in 13 counties, the organization is among the largest hospice providers in that state. The […]

Traditions Health Acquires Kansas-Based Serenity Health Management

Traditions Health LLC has purchased Wichita-based hospice and home health provider Serenity Health Management for an undisclosed amount, giving the company a larger foothold in Kansas. While Traditions offers hospice in the Kansas City region, this transaction marks the entry of its home health business into the state. Traditions Health is a portfolio company of […]

Local Agency Leaders Key to Pennant Group Growth, M&A Strategy

The Pennant Group’s (NASDAQ: PNTG) strategy for pursuing potential acquisitions is rooted in an operational model that emphasizes the role of local agency leaders. This approach will continue as transaction opportunities arise for Pennant, which CEO Danny Walker describes as a “growth company.”   For prospective deals, Pennant scouts for agencies that show strong promise for […]

Hospice Remains a ‘Rapidly Growing Business’ for Encompass Health’s Enhabit

Encompass Health Corporation (NYSE: EHC) on Wednesday offered additional insight into its plan to separate its home health and hospice segment later this year. And while doing so, the Birmingham, Alabama-based company emphasized how hospice, in particular, will remain an important part of the spinoff’s future. “Hospice is a smaller but rapidly growing business for […]

‘It Makes Sense’: Humana Actively Pursuing Hospice Divestiture Strategies

Humana Inc. (NYSE: HUM) continues to actively explore divestiture strategies for the hospice assets of Kindred at Home. At this point, though, the Louisville, Kentucky-based health care company doesn’t have much to say beyond that, according to CFO Susan Diamond. Humana expects to be able to share more information during its first quarter earnings call. […]

Hospice Operators Hunting for Non-Medical Home Care Deals

Hospice agencies have been in high demand in the health care mergers-and-acquisition market in recent years, particularly among private equity firms. As that trend continues, some hospices themselves are considering their own investments in businesses that can bolster their current services and bottom lines, including private-duty and non-medical home care care. A few factors are […]

‘It Has Been an Incredible Evolution’: Amedisys’ Paul Kusserow on CEO Transition Plan

Amedisys Inc. (Nasdaq: AMED) Chairman and CEO Paul Kusserow will officially pass the CEO baton to colleague Chris Gerard on April 15. But the in-home care visionary who helped turn around a struggling company while simultaneously leading a major hospice expansion will remain plenty involved, as needed, he told Hospice News during an interview discussing […]

Hospices, Investors Navigate Deal-Threatening Regulatory Hurdles

Private equity and venture capital investors continue to flock to the hospice space. When negotiating with investors that are new to the industry, providers in some cases are coming to the table with parties that are not familiar with the regulatory environment, even as federal enforcement activity ramps up. Of the 23 hospice-related deals in […]