Caring People Acquires Acappella in Home Care

Caring People has acquired Dallas-based hospice provider Acappella In Home Care. The New York-headquartered home health company on the same day also purchased home care organization Aging Care LLC and AMR Care Group, a care management firm. Financial terms for the three transactions were not disclosed.  In addition to hospice, Acappella’s 400 employees also provide […]

Bristol Acquires California VNA Hospice Operations

California-based hospice and home health provider Visiting Nurse Association of the Inland Counties (VNA) has been acquired in tandem by two different companies. Bristol Hospice purchased the VNA’s hospice operations for an undisclosed amount, whereas HealthSure Management Services (HMS) will take on the organization’s home health business. Financial terms for the HealthSure transaction were also […]

Hospice in High Demand in Acquisitions Market

About 70% of acquisition targets in the home-based health care sector in the second quarter of the year were hospice providers, according to a report from the market intelligence firm Irving Levin Associates. The bulk of those targets provided hospice care alone, rather than a mix with home health. During the first quarter, only 22% […]

Hospice Topping Other Health Care Sectors on M&A

Hospice providers are charging ahead with merger and acquisition transactions this year despite taking a few financial punches from the COVID-19 pandemic. While the larger health care M&A market saw more disruption, hospice activity proceeded apace according to a new report from Provident Healthcare Partners. Acquisitions in the health care services sector slowed significantly in […]

Traditions Health Acquires Hospices in Georgia and Oklahoma

Hospice and home health provider Traditions Health, has expanded to markets in two new states with the acquisitions of Faith Hospice of Oklahoma and Embrace Hospice of Georgia. Traditions purchased both providers from Diversified Health Care for an undisclosed sum. Traditions is a portfolio company of family-owned investment firm Dorilton Capital Advisors. Prior to these […]

HopeHealth, Community VNA to Merge

Massachusetts-based Community Visiting Nurse Association (VNA) will merge with HopeHealth, headquartered in Rhode Island. The two nonprofits intend a non-cash affiliation expected to complete in January 2021.  The two organizations provide hospice, home health and palliative care in southeastern New England. VNA will rebrand as HopeHealth Community VNA. The merging organizations have plans for future […]

Hospice, Home Care Multiples Continue to Hit Record Highs at 29x

Multiples in the hospice and home care space reached 29x thus far in 2020, beating 2019’s record high of 26x, according to a recent research report by PwC’s Health Research Institute. Hospice and home health merger and acquisition activity has buoyed results in the larger health care services sector, which saw transactions decline during the […]

P.E. Firm The Vistria Group Seeking Buyers for St. Croix Hospice

The Chicago-based private equity firm The Vistria Group is seeking a buyer for its portfolio company St. Croix Hospice, headquartered in Minnesota, according to a report from the Wall Street Journal. A spokesperson representing Vistria Group made no comment to Hospice News about its plans for St. Croix. St. Croix operates locations throughout Kansas, Minnesota, […]

Alleo Health System Purchases ABC Hospice

Tennessee-based Alleo Health System has acquired ABC Hospice in Alabama, marking the organization’s entry into that state’s market. Financial terms of the transaction were not disclosed. Alleo has been pursuing an aggressive growth strategy this year, seeking to expand its geographic footprint and its patient census to better position the nonprofit to negotiate with payers. […]

Alleo Health System Acquires Upper Cumberland Hospice

Tennessee-based Alleo Health System has acquired Upper Cumberland Hospice and Palliative Care Services for an undisclosed sum. Alleo is the parent company of Hospice of Chattanooga, Palliative Care Services, Good Shepherd Hospice, Comprehensive Care, and Kangaroo Kidz. Kangaroo Kidz is the Chattanooga region’s only pediatric specialty hospice and palliative care provider. Alleo Health System came […]