The hospice and home health M&A landscape has become marked with uncertain terrain. Deal volume thus far in 2023 is down 50% to 60% from the previous two years, Cory Mertz, managing partner at M&A advisory firm Mertz Taggart, said at the HI2 Conference in Chicago. While companies that have a positive cash flow and […]
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 […]
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 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 […]
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 […]
The nonprofit health plan CareSource has signed a definitive agreement to partner with Radiant Alliance, a new entity formed by Metta Healthcare and United Church Homes. The creation and subsequent partnership with Radiant Alliance will bring a hospice and palliative care company and senior living operator under the auspices of a payer. The transaction will […]
The Pennant Group Inc. (NASDAQ: PNTG) has acquired Idaho-based Bluebird Home Health, Bluebird Hospice and Bluebird Home Care for an undisclosed sum. The transaction follows Pennant’s May acquisition of the assets of Benefit Home Healthcare and Benefit By Your Side, a Colorado-based company that offers home health care, private duty and community health services. Financial […]
After becoming a public entity last year, Enhabit Inc.’s (NYSE: EHAB) M&A journey has narrowed towards hospice, diverting less in home health’s direction. Reimbursement uncertainties, shrinking pools of available assets, and rising valuations in the home health space are forces steering the company’s sights towards hospice, according to Enhabit executives. Large-scale consolidation in both home […]
Amedisys Inc. (NASDAQ: AMED) has received an unsolicited proposal from the UnitedHealth Group (NYSE: UNH) subsidiary Optum to acquire all outstanding shares of the home health and hospice provider’s stock. Amedisys indicated in a filing with the U.S. Securities and Exchange Commission (SEC) that Optum has proposed an all-cash transaction at $100 per share. This, […]
Hosparus Health has acquired Baptist Health Deaconess Hospice in Madisonville, Kentucky, for an undisclosed sum. The organization is a service of Baptist Health Deaconess health system. Founded in 1978, Hosparus Health’s 600 employees and 500 volunteers provide care for more than 10,000 patients annually, including hospice, medical care, palliative medicine, mental health and bereavement services. […]
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