Michael McMaude has resigned as the president of hospice services of BrightSpring Health Services (Nasdaq: BTSG), effective Friday. He will continue to provide services to the company as a non-employee consultant, according to a U.S. Securities and Exchange Commission filing by BrightSpring. He will receive a consulting fee equal to $2,000 per month during the […]
Hospice has emerged as a growth engine for publicly traded home-based care companies, several of which are on the hunt for acquisitions. Hospice has buoyed growth for several companies as they battle home health-related headwinds, including reimbursement pressures. Companies like VITAS Healthcare, which only provide hospice and palliative care, also saw substantial growth. VITAS is […]
The U.S. Department of Justice (DOJ) has rejected the sale of Amedisys’ (Nasdaq: AMED) home health and hospice assets to BrightSpring Health Services Inc. (Nasdaq: BTSG) and The Pennant Group (Nasdaq: PNTG) as a remedy to an ongoing lawsuit. Amedisys earlier this month announced the divestiture of a number of its home health and hospice […]
BrightSpring Health Services (Nasdaq: BTSG) stands to substantially expand its footprint through its pending deal to acquire a number of care centers from Amedisys Inc. (Nasdaq: AMED) and UnitedHealth Group (NYSE: UNH). Amedisys is selling an unspecified number of home health and hospice locations to Adoration Home Health Acquisitions LLC, Adoration Hospice Care Acquisitions LLC […]
Amedisys Inc. (Nasdaq: AMED) is divesting a number of its home health and hospice locations to several companies in advance of its acquisition by the UnitedHealth Group (NYSE: UNH) subsidiary Optum. Amedisys is selling a number of its care centers to Adoration Home Health Acquisitions, LLC, Adoration Hospice Care Acquisitions, LLC, and Senescence, LLC, DBA […]
Hospice providers across the country have appointed new leadership, including local, regional and national companies. BrightSpring Names New CFO BrightSpring Health Services (Nasdaq: BTSG) has promoted Jennifer Phipps to CFO. She succeeded Jim Mattingly, effective March 4. Phipps has been with BrightSpring for eight years, most recently serving as chief accounting officer and principal accounting […]
BrightSpring Health Services Inc. (Nasdaq: BTSG) recently sold off its community living business to Setiva for $835 million. The transaction is anticipated to close in 2025 pending regulatory approvals. Dubbed as ResCare Community Living, the sale of the business line represents an important milestone in BrightSpring’s strategic trajectory. The Louisville, Kentucky-based home- and community-based health […]
BrightSpring Health Services Inc. (Nasdaq: BTSG) is seeing financial and operational tailwinds propelling the company’s growth, with hospice and home health key focal points in its strategic outlook. Hospice and home health have been, and will continue to be, crucial parts of the company’s suite of health care services as demand swells among aging populations, […]
As M&A in the for-profit space continues its two-year slump, nonprofits are consolidating in rising numbers. Recent years have seen an uptick in consolidation activity among nonprofits in the hospice space. Increasingly, nonprofits are pursuing acquisitions and affiliations, as well as forming regional collaboratives. In addition, some nonprofits have also been acquired by for-profit companies. […]
BrightSpring Health Services Inc. (NASDAQ: BTSG) is poised for growth in the home health and hospice landscape. The company anticipates ramping up merger and acquisition (M&A) activity in coming years, with an emphasis on long-term return on investment, according to BrightSpring President and CEO Jon Rousseau. The company is focusing on significant expansion in the […]
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