The Pennant Group Acquires Guardian Hospice

The Pennant Group Inc. (NASDAQ: PNTG) has acquired Guardian Hospice and Guardian Hospice of Oklahoma for an undisclosed amount. Guardian Hospice of Oklahoma received Medicare certification in 2015 and has since grown its presence in the state and across Texas. Guardian provides hospice care in 10 counties in southern Oklahoma and across six counties in […]

Gentiva Acquires ProMedica’s Hospice, Home Health, Palliative Care Business

The hospice, palliative care and personal care provider Gentiva has acquired the hospice, home health and palliative assets of the nonprofit health system ProMedica. Though Gentiva did not disclose the financial terms of the transaction, Bloomberg reported that ProMedica’s Heartland Hospice is valued at $710 million. Heartland Hospice is headquartered in Toledo, Ohio, with locations […]

Hospice Investment Trends That Could Shape 2024

The hospice merger and acquisition (M&A) space has seen an increasingly diverse and growing mix of investors during the last five years. Demographic tailwinds are pushing a wider range of stakeholders into the hospice and palliative care realms. This has led to more hospitals, payers, large health systems and home health companies to make end-of-life […]

Blue Ridge to Affiliate with Montgomery Hospice & Prince George’s Hospice 

Montgomery Hospice & Prince George’s Hospice has signed a memorandum of understanding to affiliate with Virginia-based Blue Ridge Hospice. The move could signal the start of a new hospice collaborative in the mid-Atlantic region. Combined, the two hospices would care for an average daily census of more than 900 patients in eight Virginia counties and […]

St. Francis Reflections Lifestage Care, Treasure Coast Hospice Plan to Affiliate

Two Florida nonprofit hospice providers have signaled their intention to affiliate — St. Francis Reflections Lifestage Care and Treasure Coast Hospice. Combined, the two organizations serve patients in Brevard, Martin, St. Lucie and Okeechobee counties in their home state. Executives from St. Francis Reflections and Treasure Coast Hospice leadership expect the affiliation to complete in […]

Hospice of Northwest Ohio Buys ProMedica’s Ebeid Hospice Residence Operations

Hospice of Northwest Ohio is buying the operations of ProMedica Ebeid Hospice Residence. Terms of the transaction, expected to close on or before Oct. 31, were not disclosed. ProMedica’s Ebeid Hospice Residence is a 12-bed inpatient facility that opened in 2008, attached to ProMedica’s Flower Hospital campus. Ebeid offers short-term care for hospice patients with […]

Lawmakers Ask DOJ, FTC to Examine Optum’s Amedisys Transaction

Sen. Elizabeth Warren (D-Massachusetts) and Rep. Pramila Jayapal (D-Washington) have called on the U.S. Justice Department (DOJ) and the Federal Trade Commission (FTC) to “scrutinize” the pending acquisition of Amedisys (NASDAQ: AMED) by Optum Health. Optum, a subsidiary of UnitedHealth Group (NYSE: UHN), in June penned its agreement to acquire Amedisys in an all-cash transaction […]

By the Bay Health to Merge with Mission Hospice & Home Care

By the Bay Health and Mission Hospice & Home Care recently signed a letter of intent to merge the two California-organizations. Joining forces under one umbrella is a move to beef up their combined presence in an increasingly competitive hospice market, improve access to care and improve quality, according to spokespeople for By The Bay […]

SCAN Group Invests in Guaranteed’s ‘Inclusive’ Hospice Technology Services

Medicare Advantage organization SCAN Group has invested an undisclosed dollar amount in tech-enabled hospice startup Guaranteed. The move comes nearly a year after California-based Guaranteed launched in August 2022, when founder and CEO Jessica McGlory began her own provider company two years after her father passed away. SCAN Group, parent company of SCAN Health Plan, […]

Hospice Providers Empath Health, Trustbridge to Pursue Affiliation

The nonprofit post-acute care providers Empath Health and Trustbridge have signed a memorandum of understanding to begin an affiliation between the two organizations. Discussions of a potential affiliation began about a year ago, according to Empath Health CEO Jonathan Fleece. The organizations had a prior connection through the Florida Hospice and Palliative Care Association, as […]