Three Oaks Hospice Opens Its Doors, Completes Three Acquisitions

Private equity-backed Three Oaks Hospice, based in Texas, has acquired three hospice agencies in Dallas, Fort Worth and San Antonio. Three Oaks began operating in May. The three acquisitions — Total Hospice & Palliative Care, ABS Palliative and Hospice Care and Fellowship Hospice — increase the hospice’s referral network to more than 200 sources, enabling […]

Hospice Multiples Likely to Fall Under Medicare Advantage

Emerging payment models such as the forthcoming Medicare Advantage carve-in demonstration may start to bring down record-high hospice multiples in what continues to be a burgeoning mergers and acquisitions market, but falling multiples are unlikely to curtail widespread industry consolidation in the long term, hospice CEOs said at the Home Health Care News Summit conference […]

Addus to Acquire Hospice Partners of America for $130M

Addus Homecare Corp announced it has entered into an agreement to purchase Hospice Partners of America (HPA) for $130 million in cash. Headquartered in Birmingham, Alabama, HPA serves an average of 1,000 patients per day through 21 states and annualized revenue of approximately $55 million. “This acquisition is consistent with, and supports our strategy of […]

Hospice Sees Uptick in M&A Activity During Q2 2019

The hospice mergers & acquisitions market continues to be robust. Fourteen hospice transactions took place during the second quarter of 2019, up from eight hospice-related acquisitions during the first quarter, according to a report from M&A advisory firm Mertz-Taggart.  The hospice merger and acquisitions market has been thriving in recent years, with several top providers […]

St. Croix Hospice Acquires Hometown Hospice & Home Care

St. Paul, Minn.-based St. Croix Hospice has expanded its footprint in the Wisconsin market with the acquisition of Hometown Hospice & Homecare for an undisclosed amount. St. Croix is a subsidiary of the Chicago-based investment firm Vistria Group. Hometown, headquartered in the town of Brookfield, operates three hospice and home health care locations in eastern […]

LHC Group Joint Venture Completes Missouri Acquisitions

LHC Group, Inc. (NASDAQ: LHCG) along with joint venture partner Capital Region Medical Center (CRMC) have completed an acquisition of a Mexico, Mo.-based hospice agency from nonprofit health system SSM Health. The purchase also included two home health agencies, also based in Missouri communities. Financial terms of the deal were not disclosed. The three acquired […]

The Ensign Group Acquires Agape Hospice & Palliative Care

Cornerstone Healthcare, Inc., the hospice and home health subsidiary of The Ensign Group, Inc. (NASDAQ: ENSG), has acquired the assets of Tucson, Ariz.-based Agape Hospice and Palliative Care. Financial terms were not disclosed.  Agape will not rebrand as a result of this transaction and will retain staff and management. The hospice will become part of […]

Hospice, Home Health Yield Highest Multiples in Health Care M&A Deals

The hospice and home health care companies for the third quarter in a row have seen the highest multiples of any health care sector in merger and acquisitions transactions, reaching 22.7x in the second quarter of 2019, according to auditing and consulting firm PwC.  These high valuations for hospice and home health acquisitions come in […]

Ascend Hospice Expands to Puerto Rico

Ascend Hospice, a subsidiary of New Jersey-based Ascend Health, is entering the Puerto Rico market through the acquisition of Grace Hospice, which has operations across the island of Puerto Rico, for an undisclosed sum. The business will operate under its new name, Grace Hospice Puerto Rico, and will provide hospice care to those with terminal […]

Cornerstone Acquires Preceptor Health Care

Cornerstone Healthcare, Inc., the hospice and home health subsidiary of the Mission Viejo, Calif.-based health care firm The Ensign Group, Inc.(NASDAQ: ENSG), effective June 1 acquired the assets of Wisconsin-based hospice, home health, and therapy provider Preceptor Health Care. Financial terms were not disclosed. With this acquisition, Ensign operates 27 hospice agencies, in addition to […]