Maryland-based Hospice of the Chesapeake has acquired Hospice of Charles County for an undisclosed sum. The organization has also created a new brand identity, though its name will not be changing. This transaction makes Hospice of the Chesapeake one of the largest providers in their region. “We are grateful to the Hospice of Charles County […]
Bridges Health Services is merging with Las Vegas-based home health and hospice companies Gentlecare Home Health and Renaissance Hospice and Los Angeles-based home health and hospice companies Supreme Healthcare Inc. and Supreme Hospice Inc. Bridges Health Services was founded by Carolyn Romero, a home health and hospice nurse. The more than 10-year-old company has a […]
Pharmacy services giant PharMerica has acquired OnePoint Patient Care (OPPC). OPPC provides medications and pharmacy benefits management services to more than 350 hospices nationwide. Financial terms were undisclosed. OPPC operates out of 15 locations nationwide. The company offers same-day local dispensing and delivery through owned pharmacies in all 50 states, serving as many as 32,000 […]
Private-equity firms have been investing heavily in hospice during the past few years, a trend that is not expected to slow. However, a new crop of investors are also moving into the space such as search funds and family offices seeking to capitalize on rising demand and the promise of demographic tailwinds as the population […]
The Pennant Group (NASDAQ: PNTG) has purchased Harmony Hospice in Las Vegas. Harmony was one of three affiliated hospices. Pennant Group acquired the other two earlier this year. The transaction closed on Oct. 1, and financial terms were kept confidential. Pennant, which owns and operates hospice provider Cornerstone Healthcare, in 2019 was spun off from The […]
Hospice and home health provider LHC Group (NASDAQ: LHCG) has acquired Santa Rita Hospice in Aurora, Colo. Santa Rita will rebrand as At Home Hospice and will share space with At Home Healthcare, LHC Group’s home health agency in that community. Financial terms for the asset purchase were undisclosed. Santa Rita’s average daily census is […]
Cincinnati-based Queen City Hospice has agreed to acquire an unnamed hospice provider in Cleveland that will do business as Miracle City Hospice. The transaction is part of an aggressive growth strategy to nearly double the Queen City footprint. Financial terms were undisclosed. Queen City Hospice is a portfolio company of the private-equity firm Stonehenge Partners […]
Private equity-backed Three Oaks Hospice has purchased Hospice Partners of Kansas for an undisclosed amount. The transaction marks the Texas-based company’s entry into the Kansas and Missouri markets. During 2019, Three Oaks Hospice received more than $21 million in private equity backing from Granite Growth Health Partners, Health Velocity Capital and Petra Capital Partners. The […]
Traditions Health has purchased Oklahoma-based Physician’s Choice Hospice and Palladium Hospice, which operates in multiple states in the Southeast. Financial terms were undisclosed for both transactions. Traditions is a portfolio company of family-owned investment firm Dorilton Capital Advisors. In addition to hospice, the company offers skilled nursing, therapy and home health services. With the Palladium […]
Consolidation is a growing trend in the hospice market, leading to a shrinking number of providers nationwide as smaller hospices get absorbed by larger organizations. Hospice topped other health care sectors in merger and acquisition activity this year, despite economic downturn during the COVID-19 pandemic. While M&A transactions slowed significantly early in 2020 as providers […]
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