Industry consolidation has been robust in the hospice space, with deal volume and valuations outpacing other health care industry sectors. Most of these transactions involve one for-profit company buying another. However, more instances are cropping up in which a for-profit agency purchases a nonprofit hospice. While individual nonprofits have grown in recent years, in aggregate […]
Care Hospice has purchased the assets of Tennessee-based nonprofit Hospice of Chattanooga and its parent organization, Alleo Health System. As a result of the transaction, Chattanooga and Alleo will transition to for-profit status. Financial terms were undisclosed. Alleo and its affiliates care for patients in Tennessee, Georgia, North Carolina and Alabama. The organization was established […]
The number of dementia patients is expected to rise by 40%, or 139 million people globally, by 2050, according to new data from the World Health Organization (WHO). Hospices have been caring for dementia patients in larger numbers in recent years and will have a significant role to play as rates of cognitive decline continue […]
The hospice mergers and acquisitions market has been burgeoning for the last several years and continues to accelerate. Hospice leads the health care sector in terms of investor interest and valuations, but providers may hit some walls if workforce shortages worsen. Among the driving forces behind this continued acceleration include demographic tailwinds, rising demand and […]
Florida’s state government have green lit the expansion of hospice programs in seven counties. The Florida Agency for Health Care Administration (AHCA) indicated earlier this year that it would approve four hospice certificates of need in 2021, but ultimately decided to issue twice as many. Hospice utilization runs high in Florida, reaching a rate of […]
The track record of palliative care providers helping patients avoid hospitalizations and readmissions is a significant driver of their growth. Rising awareness of the nature and availability of palliative care is also promoting utilization of these services, though providers continue to wrestle with the limited avenues for reimbursement. More stakeholders are beginning to realize the […]
Staffing shortages have been weighing heavily on the minds of hospice and palliative care organization leaders in recent years. The hospice and palliative care workforce has been shrinking due to staff retirement, burnout and limited opportunities for specialty training. The United States has 13.35 hospice and palliative care specialists for every 100,000 adults 65 and […]
Hospice providers across the country have revamped bereavement support during a time of isolation and loss as the coronavirus pandemic continues. Tennessee-based Alleo Health System has expanded its teen grief programming, taking group counseling and other outlets of support in the last year to help meet their unique needs. Alleo Health System adapted their bereavement […]
Alabama-based ABC Hospice, a portfolio company of the nonprofit Alleo Health System, has put in motion a new initiative to support patients suffering from symptoms of dementia, even if that is not the primary diagnosis. Branded as Memorable Journey, the program is tailored to the unique needs of dementia patients. About 15.6% of hospice recipients […]
Alleo Health System has acquired Atlanta-based Angel Heart Hospice, as well as that company’s palliative care services, for an undisclosed amount. This continues Alleo’s growth trajectory as the company has pursued a number of acquisitions and developed new disease-specific programs this year. This move expands Alleo’s footprint to eight additional Georgia counties. In Georgia, 51% […]
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