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 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 […]
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 […]
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 […]
Addus HomeCare (NASDAQ: ADUS) has completed its $85 million acquisition of Illinois-based nonprofit hospice provider JourneyCare Inc. As a result of the deal JourneyCare has transitioned to for-profit status. Addus financed the deal, via cash on hand and the company’s revolving credit facility. The company in 2021 opened a $600 million revolving line of credit […]
Amedisys Inc. (NASDAQ: AMED) has agreed to purchase Dallas-based Evolution Health LLC, a provider of hospice, home health and infusion therapy. Financial terms were undisclosed. Evolution is a division of Envision Healthcare, which does business as Guardian Healthcare, Gem City and Care Connection of Cincinnati. The company’s more than 650 employees provide care out of […]
Health care company and insurance giant Humana Inc. (NYSE: HUM) is rumored to be one step closer to divesting Kindred at Home’s hospice business. The Louisville, Kentucky-based Humana has begun a divestiture process in collaboration with Goldman Sachs, Axios reported Monday, noting that the information came from three different sources. The process is supposedly targeting […]
Mergers-and-acquisition activity in the hospice market has run hot in recent years, with valuations reaching another year of record-highs in 2021. Meanwhile, private equity activity hit record levels as well, with an affluence of investors that flowed into hospice waters during 2021. Despite these factors, the market may be cooling down this year as investors […]
The nonprofit Arkansas Hospice has acquired First Choice Senior Care (FCSC) of Little Rock for an undisclosed sum. FCSC provides companion services, personal care and other programs to address the nonmedical needs of the aging and seriously ill. Arkansas Hospice cares for nearly 600 patients daily from 10 locations and three inpatient facilities in 43 […]
Last year finished with a flurry of hospice transactions, with private equity groups continuing to show ample interest in the space. Overall, there were at least 23 hospice-related deals in 2021’s fourth quarter, according to a recently released report from M&A advisory firm Mertz Taggart. That total is on par with the 23 that came […]
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