Hospice M&A Market Goes Strong in Third Quarter

The hospice space saw at least 10 hospice merger & acquisition transactions during the third quarter, a slight dip from the second quarter in which 14 transactions took place. Despite this decline, the hospice M&A market continues to go strong. The hospice merger and acquisitions market has been thriving in recent years, with several top […]

AngMar Medical Holdings Enters Hospice Market Via Acquisition

Mansfield, Texas-based home health provider AngMar Medical Holdings Inc., has entered the hospice space with the acquisition of its first agency, located in Wichita, Kan. The location will operate under AngMar’s new brand, Angels Care Hospice. Financial terms of the acquisition were not disclosed.  The name of the acquired hospice in Wichita is confidential per […]

Towerbrook, Ascension Health to Acquire Compassus for $1 Billion

Private equity firm Towerbrook Capital Partners and health system Ascension Health have agreed to purchase the Nashville-based hospice provider Compassus at a valuation of $1 billion, with multiples of EBITDA in the low teens, PEHub.com reported.  The two companies will split ownership of Compassus down the middle, each holding an equal stake, according to PEHub.com. […]

Three Oaks Hospice Opens Its Doors, Completes Three Acquisitions

Private equity-backed Three Oaks Hospice, based in Texas, has acquired three hospice agencies in Dallas, Fort Worth and San Antonio. Three Oaks began operating in May. The three acquisitions — Total Hospice & Palliative Care, ABS Palliative and Hospice Care and Fellowship Hospice — increase the hospice’s referral network to more than 200 sources, enabling […]

Walmart to Partner with Amedisys on Expanding Hospice Care

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, […]

Hospice Sees Uptick in M&A Activity During Q2 2019

The hospice mergers & acquisitions market continues to be robust. Fourteen hospice transactions took place during the second quarter of 2019, up from eight hospice-related acquisitions during the first quarter, according to a report from M&A advisory firm Mertz-Taggart.  The hospice merger and acquisitions market has been thriving in recent years, with several top providers […]

CMS Final Rule Rebases Payment Rates, Changes Election Statement

The U.S. Centers for Medicare & Medicaid Services (CMS) has rebased payment rates for the four levels of hospice care in a final rule for Fiscal Year 2020. Among other provisions the rule includes a new requirement that hospices provide an addendum to election statements that would detail care, treatment and services the patient would […]

Hospice, Home Health Yield Highest Multiples in Health Care M&A Deals

The hospice and home health care companies for the third quarter in a row have seen the highest multiples of any health care sector in merger and acquisitions transactions, reaching 22.7x in the second quarter of 2019, according to auditing and consulting firm PwC.  These high valuations for hospice and home health acquisitions come in […]

Amedisys Steps Up Hospice De Novo Activity

Amedisys, Inc.,(NYSE: AMED) is intensifying its de novo activity through 2019 and beyond. The company expects to open seven to nine de novo operations nationwide during 2019, with the new locations heavily weighted towards hospice. At least five of this year’s de novos will be hospices, compared to three home health locations. “We had one […]

Hospice M&A Market Going Strong in 2019

All signs point to a strong showing for hospice mergers and acquisitions through the year and into 2020 as companies and investors shy away from home health in anticipation of potential fallout from the forthcoming patient-driven groupings (PDGM) model. Eight hospice acquisitions took place during the first quarter of 2019, up from seven transactions during […]