Florida-based Hope Hospice, a subsidiary of Hope Healthcare, has settled a False Claims Act case with the U.S. Department of Justice for $3.2 million. The Justice Department alleged that the organization knowingly certified patients for hospice care who were not truly eligible and submitted false claims to Medicare, Medicaid and TRICARE, which provides insurance to […]
Amedisys, Inc. (NASDAQ:AMED) has completed its acquisition of Homecare Preferred Choice, Inc., doing business as AseraCare Hospice. Amedisys acquired 100% ownership of AseraCare for a cash price of $235 million. AseraCare operates 44 hospice locations throughout 14 states with an average daily census that exceeds 2,100. The company generates $117 million in revenue annually. With […]
The Amedisys, Inc. (NASDAQ: AMED) hospice segment saw a drop in referrals and rising costs stemming from the COVID-19 pandemic during the first quarter of this year. Though the outbreak creates industry-wide uncertainty about the future, demographic tailwinds, de novo activity and acquisitions show promise for a strong recovery, including the company’s $235 million purchase […]
Hospice and home health provider Amedisys, Inc. (NASDAQ:AMED) has entered into a definitive agreement to purchase Texas-based AseraCare Hospice for a cash purchase price of $235 million. Amedisys has had its eye on AseraCare for a number of years. “In 2016 we actually approached the AseraCare, and at that time they weren’t for sale. We’ve […]
Hospice provider AseraCare has agreed to a $1 million settlement with the U.S. Department of Justice in a longstanding Qui Tam False Claims Act (FCA) case that began in 2008. The outcome of the case could set an important precedent as FCA suits continue to be the most prevalent enforcement actions that target hospices in […]
The number of cosponsors for the Palliative Care and Hospice Education and Training Act has reached the 290 the bill needs to come to a vote in the U.S. House of Representatives. A second bill, the Rural Access to Hospice Act, will likely be folded into a larger yet-to-be-determined piece of legislation. If enacted, PCHETA […]
The Eleventh Circuit Court of Appeals partially affirmed a decision in favor of Arkansas-based hospice provider AseraCare in False Claims Act (FCA) case that has widespread implications for the hospice industry. The appellate court agreed with the Northern District of Alabama that a mere difference of physician’s opinions on a terminal patient’s prognosis does not […]
A major fraud case centered around live hospice discharges is being argued not only in 11th Circuit Court of Appeals, but in the editorial pages of the Wall Street Journal. Kyle Clark and Andrew George, trial lawyers for the Washington-based law firm of Baker Botts published a recent editorial, “Medicare’s Hospice Rules Could Make Your […]
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