Ohio-based Hospice of the Western Reserve expects to acquire Stein Hospice, located in the city of Sandusky in its home state. Stein’s board of directors has signed a letter of intent to approve the sale, subject to an ongoing, customary due diligence process. Financial terms are undisclosed. Western Reserve anticipates that the deal will close […]
Industry consolidation has been robust in the hospice space, with deal volume and valuations outpacing other health care industry sectors. Most of these transactions involve one for-profit company buying another. However, more instances are cropping up in which a for-profit agency purchases a nonprofit hospice. While individual nonprofits have grown in recent years, in aggregate […]
Hospice and home health provider The Care Team today completed its acquisition of Texas-based Crossroads Hospice in a deal that further expands the company’s footprint in the Lone Star State. Financial terms of the purchase were undisclosed. Crossroads Hospice was established in 2018 and provides services across the Houston area and surrounding counties. Some Crossroads […]
The acquisition of Contessa Health by Amedisys (NASDAQ: AMED) is opening new lines of communication with hospitals and health systems that could fuel further expansion by the home health and hospice provider. Amedisys purchased Contessa in June 2021 for a total consideration of $250 million. Contessa Health is a Tennessee-based company that provides hospital-at-home and […]
Texas-headquartered Choice Health at Home has closed a $190 million credit facility led by Oxford Finance, a global specialty financial firm focused on life sciences and health care investments. In conjunction with this infusion of capital, Choice has purchased Kindful Hospice and Amed Home. Financial terms were undisclosed. AllianceBernstein and Maranon Capital served as co-syndication […]
South Carolina-headquartered Agape Care is steaming forward with its plans for multi-state expansion with the acquisition of Lanier Hospice in Georgia for an undisclosed sum. The deal extends Agape’s footprint to 98 Georgia counties, covering 65% of the state. Agape is a portfolio company of the private equity firm Ridgemont Equity Partners, which last October […]
Maine-based Androscoggin Home Health Care + Hospice has acquired home and behavioral health care company Care & Comfort for an undisclosed sum. The behavioral health component represents a new business line for Androscoggin, a move fueled by a demonstrated need for those services in their home state. The deal is slated to close Feb. 1. […]
Jet Health has announced the acquisition of Arlington, Texas-based Blessings Hospice for an undisclosed sum, boosting its presence in an increasingly competitive market. The deal expands the company’s footprint in its home state. The transaction marks the eighth overall acquisition for Jet Health – and its fifth hospice deal – since its founding in 2016. […]
Encompass Health Corp. (NYSE: EHC) on Wednesday announced a new joint venture with Saint Alphonsus Health System in a move that expands the company’s hospice and home health reach in Idaho. Financial details of the transaction were undisclosed. The joint venture is the latest in a swelling hospice reach for Encompass. The company last year […]
Addus HomeCare (NASDAQ: ADUS) has purchased JourneyCare Inc., for an anticipated sale price of $85 million. JourneyCare, a nonprofit, is one of the largest hospice providers in Illinois, serving 750 patients daily in 13 counties. Addus had indicated in 2021 earnings calls that the company would lean its M&A activity towards personal care and home […]
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