Bristol Hospice has acquired St. Agatha Comfort Care in Las Vegas for an undisclosed amount. The seeds of the transaction were sown by a casual introduction. A mutual friend brought together Bristol CEO Alex Mauricio and Alfred Esquerra, CEO of St. Agatha’s. This in time led to discussions of a possible deal. “Bristol’s secret sauce […]
BrightSpring Health Services Inc. (Nasdaq: BTSG) recently sold off its community living business to Setiva for $835 million. The transaction is anticipated to close in 2025 pending regulatory approvals. Dubbed as ResCare Community Living, the sale of the business line represents an important milestone in BrightSpring’s strategic trajectory. The Louisville, Kentucky-based home- and community-based health […]
Choice Health at Home has acquired Devotion Hospice in the Houston region. Financial terms were undisclosed. This is the second transaction by Choice in as many days. The company also purchased Family Tree Private Care for an undisclosed sum. Family Tree also serves Texas, Colorado and several southwestern U.S. communities. These transactions further Choice’s goal […]
Aveanna Healthcare Holdings (Nasdaq: AVAH) plans to rejoin the fray in 2025 when it comes to acquisitions. The Atlanta-headquartered company has its eyes on targets in the private duty nursing, hospice and home health industries, according to CEO Jeff Shaner. But for this year, their emphasis will likely be on private duty and home health […]
Minnesota-headquartered St. Croix Hospice recently acquired Hospice of Siouxland in Iowa and some of Mayo Clinic Health System’s hospice assets in its home state, two moves that stretched its widening footprint across the Midwest. Financial terms of both deals were undisclosed. The two transactions mark important milestones in the hospice provider’s growth trajectory during a […]
The private equity firm Renovus Capital Partners has acquired the home health and hospice provider Superior Health Holdings, Inc. for an undisclosed sum. Renovus Capital Partners is a lower middle-market investment firm based in Philadelphia. The firm’s portfolio includes more than $2 billion of assets, about 30 companies, across its several industries, including technology, health […]
Amedisys’ (Nasdaq: AMED) has halted the divestiture of some of its home health and hospice locations to Texas-based VitalCaring. Amedisys in June announced an agreement to sell some of its locations to the private equity-backed home health and hospice provider VitalCaring. The agreement included potentially more than 100 locations. The VitalCaring transaction was contingent on […]
Hospice leaders will need to keep their eyes on five key trends in the new year when it comes to compliance, business operations and finance. Coupled with these trends is rising utilization. Hospice utilization reached 51.7% among Medicare decedents in 2023, up more than two percentage points from the prior year, according to recent data […]
The Pennant Group Inc. (Nasdaq: PNTG) completed its $80 million acquisition of Signature Healthcare at Home’s hospice and home health assets. Pennant closed the deal on seven of Signature’s Oregon locations on Jan. 1. The company previously completed the purchase of Signature’s Idaho and Washington assets on August 1, 2024. Acquiring Signature will boost Pennant’s […]
The hospice mergers and acquisitions market has seen a host of changes in recent years, with buyers and sellers examining a range of risks and opportunities in the field this year. The industry saw a flurry of M&A activity in 2019 and 2020, with record high valuations and deal volume. Subsequent years saw cooling periods […]
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