For $27 million, HCA Healthcare (NYSE: HCA) has acquired Brookdale Senior Living’s (NYSE: BKD) 20% stake in a hospice, home health and therapy joint venture between the two companies. HCA now owns 100% of the business. The joint venture formed in 2021 when the senior housing operator sold an 80% stake in its health care […]
Recent allegations that staff at HCA Healthcare (NYSE: HCA) put pressure on patients to enter hospice dovetail with longstanding questions over how and when patients should be referred. A recent report from the Service Employees International Union (SEIU) alleges that HCA has pressured clinicians to inappropriately “push” patients and families to accept hospice referrals. The […]
As more care moves into the home setting, more hospitals and health systems are throwing their hats into the ring. Coupled with the entry of more payers into the space, the influx of health systems into home health, hospice and community-based palliative care stands to change the competitive dynamics in markets nationwide. This is the […]
California-based post-acute care company Charter Healthcare Group has tapped Cheryl Lovell to become its new CEO and Anna-Gene O’Neal as the company’s first chief operating officer. Charter, a portfolio company of Pharos Capital Group, provides hospice, home health, complex care management and palliative care services to nearly 13,000 patients in eight states. “We are excited […]
Nashville-based HCA Healthcare Inc. (NYSE: HCA) and the University of Central Florida (UCF) recently added a new graduate fellowship in hospice and palliative care medicine to their existing repertoire of training programs. The program will accept two fellows annually. The fellowship will launch in July 2023 at HCA Florida Osceola Hospital, the Orlando VA Medical […]
Expansion across the care continuum is a key to sustainable growth for hospices, according to executives from some of the industry’s largest companies. The hospice industry has been ripe for growth in recent years, plucking the interest of investors from all walks. Hospices have dug deep into the roots of their growth strategies as competition […]
As health and hospital systems show a growing interest in home-based care, the competitive landscape for hospices could change — both in terms of market share and staff recruitment. A leading concern is that hospices will see dips in their referral streams, admissions and ultimately their bottom lines, according to YoloCares CEO Craig Dresang. “In […]
Labor pressures are bearing down on LHC Group’s (NASDAQ: LHCG) patient volumes and revenue, hitting its home health segment harder than its hospice business. Workforce strains have put pressure on many providers’ capacity to accept patients, and Louisiana-based home health and hospice provider LHC Group is no exception. Labor costs are up across the board, […]
More hospitals and health systems are stepping into the home-based hospice space, often seeing joint ventures as a promising route to a return on their investment. While there are several factors driving facility-based health care organizations to eye home-based care, more than anything, hospices and other providers should simply be aware that the “normal” look […]
Trinity Health at Home recently acquired Iowa-based Above & Beyond Home Health Care and Hospice for an undisclosed sum. The two will officially join forces on July 1 in a move aimed at expanding much-needed care in local communities. The home health and hospice provider is part of Trinity Health, a large, faith-based nonprofit health […]
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