LHC Group Joint Venture Acquires SSM Health Hospice Assets

Joint venture partners LHC Group, Inc. (NASDAQ: LHCG) and Capital Region Medical Center (CRMC) have entered an agreement to purchase one hospice agency in Mexico, Mo., as well as two home health agencies, one located in Jefferson City, Mo. Financial terms of the transaction were undisclosed. The joint venture expects the transaction to close before […]

Private Equity Firm Acquires Comfort Hospice & Palliative Care

A Salt Lake City-based private equity firm has purchased Comfort Hospice & Palliative Care  in Portland, Ore., for $20 million. The purchasing company—a large regional operator with 30 additional hospice locations primarily in the Western United States—has not been identified publicly. Comfort Hospice & Palliative Care earns nearly $8.3 million in annual revenues and cares […]

Cornerstone Acquires Resolutions Hospice

Cornerstone Healthcare Inc., a subsidiary of The Ensign Group (NASDAQ: ENSG), as of May 1 acquired the assets of Texas-based Resolutions Hospice for an undisclosed amount. Cornerstone subsidiaries now operate 26 hospice operations, 25 home health operations, and nine other home care operations across 12 states. Prior to this transaction Resolutions Hospice was a family-owned […]

North Carolina Nonprofit Hospices Merge

The Hospice of Randolph County (HRC) and Hospice of the Piedmont (HOP), both in North Carolina, will merge effective Sept. 30, the second large nonprofit hospice merger in the region this year. HRC will continue doing business as Hospice of Randolph County, a subsidiary of Hospice of Piedmont, pending regulatory approvals and approval from the […]

Amedisys Acquires Tulsa Hospice Provider RoseRock Healthcare

Amedisys, Inc. (NASDAQ: AMED) has acquired all the assets of Tulsa, Okla.-based RoseRock Healthcare, a provider of specialized hospice care to approximately 220 patients daily in northeastern Oklahoma, for an undisclosed sum. “Whether we’re delivering care at a patient’s bedside, supporting our clinical team or educating the community on the hospice benefit, hospice isn’t just […]

Encompass Health Agrees to Purchase Alacare for $217.5 Million

Encompass Health Corp. (NYSE: EHC) has entered into a definitive agreement to purchase all of the assets of privately owned Alacare Home Health & Hospice for $217.5 million. With this acquisition, Encompass Health will become the 10th largest U.S. hospice provider, based on Medicare reimbursements. EBITDA multiples were not disclosed. Birmingham, Ala.-based Alacare operates 23 […]

Hartford Healthcare Acquires Connecticut Hospice

Hartford Healthcare, a Connecticut-based multi-hospital health system, has acquired the Center for Hospice Care (CHC) for its Hartford HealthCare at Home segment. Under the terms of the transaction, the health system will assume all CHC debts and financial obligations. “With our common goals and missions, this partnership will be extremely beneficial for both organizations, staff, […]

Two New York Hospice Providers Merge

The Hospice of Central New York and Hospice of the Finger Lakes have merged and will operate under the Hospice of Central New York brand, though Hospice of the Finger Lakes will continue to work under that name in Cayuga County. Hospice of Central New York expects to see a 40 percent increase in their […]

North Carolina Hospice Providers Merge

Two North Carolina nonprofit hospice organizations have agreed to join forces effective Sept. 30, pending due diligence reviews and final board approvals. The two organizations, Hospice and Palliative Care of Alamance-Caswell (HPCAC) and Hospice and Palliative Care of Greensboro (HPCG), collectively serve in excess of 3,000 patients annually in Alamance, Caswell, Guilford, and surrounding counties. […]

Acquisition Expands Traditions Health to Arizona 

Traditions Health, LLC, today extended its footprint to the Arizona market through the acquisition of Reflections Hospice and Palliative Care in Mesa. “I am extremely excited to expand our services to Arizona,” said Bryan Wolfe, the President and CEO of Traditions. “This is an enormous accomplishment for our organization, and we are very honored to […]