Hospices are adapting their inpatient facilities to care for COVID-19 patients as the number of people afflicted with the virus continues to swell. Though many, if not most, coronavirus patients receive care in their homes, in some instances the severity of symptoms necessitates inpatient care. Georgia-based Hospice Savannah and some locations of the national chain […]
Ascension Health
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 […]
Effective management and geographic location are two key factors that can determine whether a private equity firm will invest in a hospice. Private equity interest in the hospice market has been on the rise, driven by the fragmented nature of the industry, increased acceptance of palliative care services, the aging population, the changing regulatory landscape, […]
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. […]