The U.S. Department of Justice (DOJ) is prioritizing hospice as the agency cracks down on health care fraud. Increased reimbursement oversight could be on the horizon, lending to a potential rise in whistleblower cases. DOJ counts hospice claims among the root causes of rising Medicare costs in recent years, according to Lisa Miller, deputy assistant […]
Mansfield, Texas-based Angels Care Hospice has set the ball rolling on expanding to two additional counties, reaching areas that have lacked a provider for more than a decade. By extending its footprint, the company is helping to fill a gap left when Big Bend Regional Medical Center in Alpine, Texas, shuttered its hospice program in […]
AngMar Medical Holdings is expanding its Angels Care Hospice brand with the acquisition of three unnamed hospice provider with locations in Texas and Nebraska for an undisclosed amount. The company has also opened a de novo location in Prescott, Ariz. Historically a home health provider, AngMar entered the hospice market in Oct. 2019 with the […]
AngMar Medical Holdings, Inc. has acquired two hospice providers in Texas, Graham Regional Hospice and Reliable Hospice. The hospices were purchased for an undisclosed sum. These acquisitions mark the second and third hospice transactions completed by AngMar since October 2019. The company entered the hospice market with its October purchase of an unnamed company that […]
Investors and companies seeking strategic acquisitions are showing rising interest in an already booming hospice M&A market as they await the fallout from home health care’s transition to the Patient Driven Groupings Model (PDGM), according to an analysis by Provident Healthcare Partners, an investment bank focused on the middle market in the health care space. […]
Hospice led the charge on mergers and acquisitions during 2019. Dollar amounts for hospice transactions surpassed those in similar markets such as home health care, even though fewer deals occurred last year in the hospice, home health care and home care spaces than in 2018, according to a new quarterly M&A report from advisory firm […]
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 […]
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