CVS Health (NYSE: CVS) has agreed to purchase Signify Health (NYSE: SGFY) for a total transaction value of $8 billion. Signify is a value-based care enablement company that concentrates on care in the home, including home health and palliative care. CVS indicated that the transaction will lay the foundation for further expansion in home-based health […]
Michigan-headquartered Residential Hospice has acquired Comfort Hospice in Missouri and Grace Hospice in Ohio for undisclosed amounts. Residential is a portfolio company of Graham Healthcare Management, which in turn is a subsidiary of the investment firm Graham Holdings Company (NYSE: GHC). Residential purchased the two hospices from health care company U.S. Medical Management, which offers […]
Hospice acquisition volumes and price tags have hit record highs for several years running. Now, the companies that performed well under the pandemic’s pressure may be drawing more interest from buyers. While a sizzling hospice market saw a cooled start this year, merger and acquisition activity is still outpacing other health care sectors. Demographic tailwinds, […]
Best Buy (NYSE: BBY) will acquire the home-based care technology platform Current Health for an undisclosed amount. The electronics retailer has joined the ranks of massive, non-traditional health care companies seeking to capitalize on demographic tailwinds and the shift of services towards the home. Established in 2015, Current Health brings to market a tech solution […]
The health care industry at large is rapidly changing, and this is having a ripple effect on hospice providers. Among the factors driving are massive companies not traditionally associated with health care entering the space, such as Amazon (NASDAQ: AMZN) and Walmart (NYSE: WMT). Amazon, for example, recently indicated that it was pursuing nationwide expansion […]
Public misperception is a barrier between patients and palliative care. Based on the true story of a nurse practitioner’s experiences with patients and families facing serious and terminal illnesses, the film “The Elephant in the Room” depicts the patient-centered interdisciplinary care that so many seriously ill patients need. The film was written by Bonnie Freeman […]
Walmart (NYSE: WMT) is partnering with Amedisys (NYSE: AMED) to expand hospice utilization nationwide through the retail giant’s new health care arm Walmart Health. Walmart Health contracts local health care providers in certain markets to provide primary care, laboratory services, dental optical, diagnostic imaging and other services that will now include hospice and home health, […]
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