What a Hospice Benefit Revamp Could Signal for M&A Trends

A restructuring of the Medicare Hospice Benefit could have impacts on merger and acquisition activity in the industry. Calls for changes to hospice eligibility and length of stay are growing louder among industry stakeholders. A main concern being voiced to the U.S. Centers for Medicare & Medicaid Services (CMS) is that the current six-month prognosis […]

Agape Care Completes 2 Hospice Acquisitions in Georgia and Alabama

Agape Care Group has acquired two hospices for undisclosed sums — Birmingham, Alabama-based Hope Hospice and Assured Hospice in Cartersville, Georgia. Agape is a portfolio company of Ridgemont Equity Partners. With the addition of Hope Hospice, the company’s footprint has expanded across 20 Alabama counties. Through the Assured Hospice deal —coupled with a recent de […]

Regulatory Pressures Contributing to M&A Slump

Regulatory challenges have contributed to the hospice sector’s current M&A slump, but this year’s volume nevertheless aligns with experts’ forecasts. In addition to those pressures, the industry is also in a cooling period in which companies focus on integrating the assets that many acquired during flurries of activity in 2021 and 2022, according to Mark […]

Hospice & Community Care Affiliates with Hospice of Central Pennsylvania

Hospice & Community Care has inked a deal to affiliate with Hospice of Central Pennsylvania. The affiliation is set to solidify at the beginning of next year, with each organization retaining its own brand and locations. Joining forces will also allow the two Pennsylvania-based nonprofit hospice and palliative care providers to realize cost-savings potential when […]

2 Ways Hospice Compliance Issues Can Sink an M&A Deal

When it comes to hospice M&A, both buyers and sellers must have their eyes out for warning signs that could kill a potential deal. Consolidation remains widespread in the hospice space, though transaction volume has slipped in 2023 compared to prior years. During Q1 of this year, about 14 hospice, home care and home health […]

CMS Proposes ‘36-Month Rule’ to Curb Hospice License ‘Flipping’

Some hospice owners have been selling their businesses soon after securing a license. This has prompted federal agencies to pursue new regulations to address the problem. The practice appears to stem from a rash of newly licensed hospices that have emerged in California, Nevada, Texas and Arizona. Some of these providers have secured licenses, as […]

3 Pillars of Radiant Health’s Hospice, Senior Living Partnership with CareSource 

Radiant Health’s new partnership with CareSource reflects three key trends impacting the health system — growth in Medicare Advantage, the rising prominence of home-based care and consolidation among payers and providers. Radiant Health is an organization recently established by Metta Healthcare and the senior living operator United Church Homes. Through its partnership with CareSource, Radiant […]

Addus to Acquire Tennessee Quality Care for $106 Million

Addus HomeCare Corp. (NASDAQ: ADUS) has reached an agreement to purchase the home health, hospice and private duty operator Tennessee Quality Care for $106 million. Tennessee Quality Care operates 17 locations serving an average of 1,800 patients daily throughout 50 of the 95 counties in its home state. About 70% of its business is home […]

[UPDATED] Optum Swoops in to Buy Amedisys in $3.3 Billion Transaction

The UnitedHealth Group (NYSE: UNH) subsidiary Optum has penned a deal to acquire Amedisys (NASDAQ: AMED) in an all-cash transaction of $101 per share, or about $3.3 billion. The pending transaction followings a previous offer to aquire Amedisys by the home infusion company Option Care Health (NASDAQ: OPCH) for $3.6 billion. “We are excited about […]