Hospice, Home Care Multiples Hit 26x During 2019

Multiples in the home care and hospice space reached as high as 26x EBITDA during 2019, the most significant rise for any health care sector. The space also saw positive growth in market capitalization, according to PwC’s Health Research Institute. The hospice M&A market continues to go strong despite declines in the number of deals […]

LHC Group Completes Two Hospice Acquisitions

LHC Group, Inc. (NASDAQ: LHCG) and its joint venture partner Ochsner Health System have completed the acquisitions of five Egan Home Health and Hospice locations in Louisiana, as well as the purchase of Bryant, Ark.-based Saline Memorial Hospice with its joint venture partner LifePoint Health. Financial terms for both transactions were not disclosed. LHC Group […]

Amedisys Closes Asana Hospice Acquisition

Amedisys, Inc. (NASDAQ: AMED) has closed its purchase of Asana Hospice for an undisclosed amount. Asana Hospice, which operates eight locations in Pennsylvania, Ohio, Missouri, Kansas and Texas, has an average daily census of 540. Following closure of this transaction, Amedisys hospice portfolio will rise to 146 locations in 33 states. “Since our founding, Asana […]

Traditions Health Acquires Guiding Hospice

Traditions Health, LLC has purchased privately owned Round Rock, Texas-based Guiding Hospice, growing the company’s footprint in the Austin area. Financial terms of the transaction were not disclosed. Traditions is a portfolio company of family-owned investment firm Dorilton Capital Advisors.  This is the latest in a string of acquisitions by Traditions Health, which operates in […]

LHC Group to Purchase Egan Home Health & Hospice

LHC Group, Inc. (NASDAQ: LHCG) and its joint venture partner Ochsner Health System have agreed to acquire five Egan Home Health and Hospice locations in Louisiana. Financial terms of the transaction were not disclosed.   The companies launched the joint venture, called Southeast Louisiana HomeCare, in 2009. The Egan deal is expected to close on Jan. […]

LHC Group Looks to Double Its Hospice Footprint Within 12-18 Months

Hospice and home health care provider LHC Group (NASDAQ: LHCG) plans to expand its hospice operations to twice the number of locations it currently operates within 12 to 18 months, primarily through acquisitions. The company’s strategy has been to acquire hospices through its extensive joint venture partnerships to build hospice density in markets in which […]

Hospice Mergers and Acquisitions Outlook for 2020

Demographic growth and the availability of capital are among a handful of forces driving a robust mergers and acquisitions market in the hospice space, motivating companies to make acquisitions at a relatively brisk pace. From 2016 to 2018, the hospice M&A space saw more than 10 transactions of $250 million or more in total enterprise […]

Humana Agrees to Purchase Hospice Pharmacy Provider Enclara

Insurance giant Humana (NYSE: HUM) has entered into a definitive agreement to acquire Philadelphia-based hospice pharmaceutical provider and benefit manager Enclara Healthcare, for an undisclosed amount. The transaction includes the privately held pharmacy company’s subsidiaries Enclara Pharmacia, GuidantRx and Avanti Health Care Services and is expected to close during the first six months of the […]

LHC Group, LifePoint Joint Venture Acquires Saline Memorial Hospice

LHC Group (NASDAQ: LHCG) and its joint venture partner LifePoint Health have acquired Bryant, Ark.-based Saline Memorial Hospice, as well as Saline Memorial Home Health, for an undisclosed amount. Both agencies are affiliated with Saline Memorial Hospital, also in Bryant, Ark.  LHC Group anticipates that the transaction, expected to close on Jan. 1, 2020, would […]

Heart of Hospice Acquires Heartstrings

Charleston, S.C.-based Heart of Hospice, LLC, a subsidiary of Evening Post Industries (EPI) Group, has purchased Heartstrings Hospice for an undisclosed sum. Heartstrings will transition to the Heart of Hospice brand. Heartstrings will expand the Heart of Hospice footprint in South Carolina. The company presently serves more than 1,500 patients from 17 locations is Arkansas, […]