The HAP Foundation has officially begun operations. The foundation is an independent, nonprofit hospice and palliative care research and advocacy organization. The foundation aims to identify and address gaps in the health care continuum to help improve the quality of life for the seriously and terminally ill. It will serve as a hospice and palliative […]
Addus HomeCare Corporation
Disruption in home health reimbursement has an influence on the hospice mergers and acquisitions market, particularly among the rising number of companies offering both services. The most recent example is the 2020 implementation of the Patient-driven Groupings Model (PDGM). Uncertain about how this new payment system would impact their businesses, a number of strategic buyers […]
Hospice providers are nearly desperate to recruit nurses, but their labor woes do not end there. A shortage of non-clinical staff is an additional sore spot. Providers are anticipating demand for non-clinical staff to rise as they compete for resources in an increasingly fierce labor market. Providers have seen no lights at the end of […]
Addus HomeCare Corp. (NASDAQ: ADUS) is on the hunt for acquisitions. While its 2021 acquisition strategy is heavily weighted toward home health and personal care, the company still has its eyes out for hospice assets. Addus provides hospice, home health and personal care services to nearly 44,000 patients through 215 locations in 25 states. The […]
In a $29 million deal, Addus HomeCare Corporation (NASDAQ: ADUS), has signed a definitive agreement to purchase three affiliated entities: Armada Skilled Home Health of New Mexico, LLC, Armada Hospice of New Mexico, LLC and Armada Hospice of Santa Fe, LLC. The Addus acquisition strategy is focused on co-locating its clinical hospice and home health […]
Addus HomeCare Corporation (NASDAQ: ADUS) has more acquisitions in the works, some of which are expected to occur within the next few months. The company continues to pursue hospice and home health operations located in areas where they already established a presence with their personal care business. Addus launched as a personal care company, and […]
Addus HomeCare Corp. (NASDAQ: ADUS) is partnering with software company Homecare Homebase to develop an integrated electronic health record (EHR) solution that would manage patient documentation across the provider’s continuum of post-acute care. Addus provides hospice, home health, and personal care services to nearly 44,000 patients through 215 locations in 25 states. The new platform […]
Geographic location and the ability to co-locate new hospice operations with personal care or home health assets are key factors in how Addus HomeCare Corp. (NASDAQ: ADUS) makes merger and acquisition decisions. These considerations have become even more important as multiples in the hospice space continue to rise. Multiples in the hospice and home care […]
BrightSpring Health Services has purchased Abode Healthcare from Summit Partners with a reported valuation of $775 million, PE Hub reported. The transaction is projected to bring the combined company roughly $6 billion in annual revenue. Louisville, -based BrightSpring’s total value currently rests at approximately $10 billion. Brightspring is a portfolio company of the global investment […]
While a growing demand for end-of-life care has been a major force pushing hospice to the forefront of the health care mergers and acquisitions marketplace, evolving payment models and COVID-19 headwinds have been hurdles to building up investor interest in 2020. Despite the unknowns ahead, hospice market is expected to burgeon. Among the various sectors […]