Why Hospice M&A Could Rebound in 2024

After a 2023 slump, health care dealmakers are voicing optimism for a 2024 rebound. Transaction volume declined in the hospice and home-based care space in 2023, following the two record-breaking prior years. Only three hospice deals took place in the third quarter of this year compared to 11 in Q3 2022 and 18 in the […]

NAHC, NHPCO Name Transition Board to Guide 2024 Merger

Two of the nation’s largest hospice and home-based care industry organizations are merging and have announced a combined board that will guide the transition. The National Association for Home Care & Hospice (NAHC) and the National Hospice and Palliative Care Organization (NHPCO) floated the possibility of a combination in March in light of their existing, […]

Residential Hospice Acquires Safe Haven

Residential Hospice has acquired Illinois-based Safe Haven Hospice from the senior living provider Christian Horizons for an undisclosed sum. The transaction expands Residential’s presence in four Illinois counties. The company is a division of Graham Healthcare Group, a subsidiary of Graham Holdings Company (NYSE: GHC). “With the addition of Safe Haven Hospice, we are poised […]

National HME Acquires Hospice Source

The durable medical equipment (DME) provider National HME has acquired Hospice Source, also a DME company. The transaction beefs up National HME’s footprint, which currently includes more than 50 locations nationwide. The Texas-based company developed its Hospice Cloud Pro technology platform to facilitate consolidated equipment ordering and provide clients with data on utilization, cost trends, […]

How PE Firms Are Adjusting Hospice Exit Strategies in a Shifting Market

Private equity firms typically turn around and sell an asset within three to five years post-acquisition. However, some may slow that cycle down in today’s economic environment. The presence of private equity firms in the hospice arena has expanded exponentially during the past several years. But this year, deal volume slowed across the board. While […]

2023’s Most Impactful Hospice Deals

A rich mix of hospice merger and acquisition (M&A) activity at the end of 2023 is fueling trends into next year. Hospice M&A activity has diverged from the frenzied pace set in recent years. The hospice space in the last five years has seen record-breaking multiples, a prevalence of private equity-backed platform transactions and large-scale […]

The Pennant Group Buys Southwestern Palliative Care & Hospice

The Pennant Group Inc. (NASDAQ: PNTG) has inked a deal to acquire Arizona-based Southwestern Palliative Care & Hospice for an undisclosed amount, adding to its existing presence in the state. Southwestern Palliative Care & Hospice provides home-based end-of-life and serious illness care to communities in Yuma, Arizona. Founded in 2013, the hospice and palliative care […]

By the Bay Health, Mission Hospice & Home Care, Hope Hospice to Complete Triple Merger

Three independent providers — By the Bay Health, Mission Hospice & Home Care and Hope Hospice — will merge, becoming the largest nonprofit hospice network in northern California. By the Bay and Mission in September announced their plans to merge. In the intervening months, Hope Hospice also joined the transaction. The organizations indicated that joining […]

How Quality, Utilization Will Shape Hospice M&A in 2024

Investment trends in the hospice industry have meandered in recent years, impacting providers’ approaches to growth in 2024. The mix of hospice buyers has become more diverse during the past five years to include more private equity investors, large health and hospital systems and home health companies, along with payers. These trends will have lasting […]

Choice Health at Home Acquires Lumicare Hospice

Texas-based Choice Health at Home LLC has inked a deal to acquire Lumicare Hospice, growing its presence in two current markets while establishing services in a new state. Financial terms of the deal were not disclosed. Lumicare Hospice has locations in Texas and Arizona, two states in Choice’s existing service region. The hospice also has […]