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 […]

Traditions Healthcare Acquires Hospice Connection

Traditions Healthcare Holding Company, LLC, a portfolio company of Dorilton Capital Advisors LLC, has acquired  Hospice Connection, a hospice provider based in Tyler, Texas, for an undisclosed sum. “I am extremely excited to grow our presence in and continue to serve the community of East Texas,” Bryan Wolfe, president and CEO of Traditions Holdings Company, […]

HopeHealth Merges with Cape Cod Healthcare, Ends Pediatric Hospice Contract

Rhode Island-based HopeHealth announced it would be ending its pediatric hospice program shortly after completing a merger with Cape Cod Healthcare, the Cape Cod region’s largest hospice provider.   Effective Feb. 1, HopeHealth’s hospice, palliative care, Alzheimer’s and dementia services units began operating under the auspices of Cape Cod Healthcare. The merger, announced in Dec. […]

Private Equity Interest in Hospice Acquisition Expected to Rise in 2019

As more private equity firms enter the post-acute health care arena, hospice organizations are increasingly pursuing mergers and acquisitions as a growth strategy, according to the recently released 4th quarter 2018 Home Health & Hospice Update from Provident Healthcare Partners. “As health systems seek to reduce cost, we expect increased utilization of home health and […]

Oregon Non-Profit Hospices Form Statewide Partnership

Four hospice organizations in Oregon have launched a new alliance under the brand Oregon Non-Profit Hospice Alliance (OHNA). Based in Hillsboro, Ore., the alliance is a new partnership founded by four hospice care providers currently serving nearly half of all Oregon counties. ONHA represents non-profit hospices throughout the state of Oregon. The partnership collects donations […]