Hospice M&A Market Going Strong in 2019

All signs point to a strong showing for hospice mergers and acquisitions through the year and into 2020 as companies and investors shy away from home health in anticipation of potential fallout from the forthcoming patient-driven groupings (PDGM) model. Eight hospice acquisitions took place during the first quarter of 2019, up from seven transactions during […]

Amedisys to ‘Feed the Beast’ for Hospice Segment Growth

Amedisys Inc., (NASDAQ: AMED),the third largest provider of hospice and home health in the United States, is prioritizing expansion of its hospice footprint through acquisitions and de novo activity, as the company cools down its home health care acquisition efforts due to uncertainties regarding the patient driven groupings model (PDGM). A focus on hospice growth […]

Advent International to Acquire Post-Acute, Hospice Provider AccentCare

Global private equity firm Advent International, has agreed to acquire Dallas-based post-acute and hospice provider AccentCare Inc., for an undisclosed amount. The transaction is Advent’s first acquisition in the hospice and home health space, company representatives told Hospice News. Advent will purchase the company from Oak Hill Partners, a private equity company based in New […]

Jet Health Enters Hospice Market with First Choice Acquisition

Irvine, Calif.-based home health provider Jet Health Inc., has entered the hospice market with the acquisition of Boise, Idaho-based First Choice Home Health and Hospice for an undisclosed amount. First Choice, initially a home health provider, began offering hospice care in 2012 after completing a merger with area hospice A Better Way Home. The company […]

Choice Homecare Acquires Legacy Hospice

Tyler, Tex.-based Choice Homecare of Texas LLC., a holding company focused on health care businesses,  has acquired Legacy Hospice, also based in Tyler and Sulphur Springs, Tex., for an undisclosed amount. Legacy will rebrand as Choice Hospice. The transaction marks Choice’s fifth acquisition since Jan. 1, 2018. In addition to hospice, Choice’s holdings include home […]

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 […]