Massachusetts-based Advanced Home Care has acquired Dignity Hospice Care for an undisclosed amount. The transaction follows Advanced Home Care’s acquisition of Dignity Home Care late last year. The buyer company’s CEO Art Kalenjian will now take the helm at Dignity Hospice. “With this acquisition, we are able to provide a more complete continuum of care,” […]
Hospice merger and acquisition activity has taken a downturn in 2023, which is in line with projections from M&A experts. Approximately 14 hospice, home care and home health transactions were reported during the first quarter of 2023, according to recent data from Mertz Taggart. Less than a handful (about 4 or 5) of these were […]
Nashville-based Alive Hospice recently responded to speculation that the nonprofit will sell its operations to a for-profit company, a move that has sparked cries of opposition within the local community. A spate of news reports have indicated that Alive Hospice may be up for sale to a publicly traded for-profit entity. In the midst of […]
Grasping the mix of objective and subjective forces fueling hospice valuations is key to maximizing a return on investment when considering a sale, according to dealmaking experts. Hospice valuations have remained high, partly due to an influx of new investors entering the space. Generally, these buyers see a promising return on investment and sustainable business […]
The implications of Option Care Health’s (NASDAQ: OPCH) pending $3.6 billion acquisition of Amedisys Inc. (NASDAQ: AMED) reflect rapidly changing market forces that could affect the industry at large. The rationale behind the transaction rests on four pillars, Option Care executives recently indicated — value-based reimbursement, the importance of scale in payer negotiations, a desire […]
The rationale behind Option Care Health’s (NASDAQ: OPCH) $3.6 billion acquisition of Amedisys Inc. (NASDAQ: AMED) is built on four pillars — vastly expanded scale, value-based payment, data collection capabilities and a desire to outpace a rapidly evolving health care environment. As Amedisys Chairman Paul Kusserow said in a February earnings call, “Change creates opportunities.” […]
In a $3.6 billion all-stock transaction, the home- and alternate-site infusion services company Option Care Health (NASDAQ: OPCH) will acquire Amedisys Inc. (NASDAQ: AMED). Based on 2022 financial results, the combined companies earned roughly $6.2 billion, with adjusted EBITDA approaching $622 billion. Together, they would have a combined workforce of 16,500. Option Care CEO John […]
On June 1, LifeTouch Hospice will merge with Arkansas Hospice. Both organizations are nonprofits. Both hospices are owned and operated by the SHARE Foundation, a nonprofit, faith-based organization. The hospice last year served 430 patients in a five-county region of Arkansas. “It is an honor to be asked to continue the mission of another long-standing, […]
Kaiser Permanente is launching a new nonprofit provider organization branded as Risant Health, kicking it off with the acquisition of a fellow integrated health system — Geisinger Health. Risant Health’s prime directive is to “expand access to value-based care in more communities nationwide,” according to a statement from the two companies. The financial terms of […]
Effective May 1, the North Carolina-based hospital UNC Health Southeastern (UNC) will transfer ownership of its community-based hospice operations to Lower Cape Fear LifeCare. The financial terms of the transfer include a sale of tangible assets for an undisclosed dollar amount, with no premium attached to the transaction. Lower Cape Fear LifeCare will also assist […]
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