LHC Group (NASDAQ: LHCG) executives today announced a slowed, albeit continued, focus on hospice growth heading into 2022. The company has been bullish on the hospice market in recent years, with hospices deals making up a little more than 60% of in cash flow set aside to further boost its M&A pipeline last quarter. Heading […]
The volume of hospice mergers and acquisitions continues to rise, with more than 23 publicly announced transactions during the third quarter of the year, up from 17 in Q2. M&A advisory firm Mertz Taggart tallied these numbers in a quarterly report, indicating that Q3 saw the most hospice transactions since the final quarter of 2020, […]
A joint venture between UMC Health System and home health and hospice provider Amedisys (NASDAQ: AMED) has opened a de novo in Lubbock, Texas. UMC owns 50% and Amedisys owns 50% of the new location, branded as UMC Home Health and Hospice, an Amedisys partner, LLC. The new location is located within the UMC Business […]
LHC Group (NASDAQ: LHCG) will acquire home health and hospice operations in 22 states from the joint venture between Brookdale Senior Living (NYSE: BKD) and hospital system HCA Healthcare (NYSE: HCA). Brookdale sold an 80% stake in its home health, hospice and outpatient therapy business to HCA earlier this year in a $400 million deal. […]
Wisconsin-based Aspirus Health System has expanded its hospice and palliative care programs to Michigan’s Upper Peninsula. The services will operate under the nonprofit system’s Aspirus at Home Brand. Aspirus’ 11,000 employees provide care through four hospitals in Michigan and 13 in Wisconsin, in addition to 75 clinics, home health and hospice agencies, pharmacies nursing homes, […]
The hospice mergers and acquisitions market has been burgeoning for the last several years and continues to accelerate. Hospice leads the health care sector in terms of investor interest and valuations, but providers may hit some walls if workforce shortages worsen. Among the driving forces behind this continued acceleration include demographic tailwinds, rising demand and […]
California-based Hoag Memorial Hospital Presbyterian has launched a home care and hospice venture. Branded as Hoag at Home, the company will offer preventive medicine, diagnostics, treatment and recovery services throughout Orange County in its home state. Hoag cited the rapidly rising aging population as a factor in its decision to bring care into patients’ residences. By […]
An upswing in occupancy in Brookdale Senior Living (NYSE: BKD) facilities could bode well for the company’s hospice and home health business, which will soon transition to hospital system HCA Healthcare following completion of a $400 million transaction. HCA will assume 80% ownership of the segment with Brookdale retaining a 20% stake. Senior living occupancy […]
The hospice mergers and acquisitions market has never been more active among both strategic buyers and private equity investors. The industry is also seeing larger companies seeking to take advantage of record-high valuations to capitalize on their hospice assets, according to a first quarter M&A report from the advisory firm Provident Healthcare Partners. Activity in […]
Hospital system HCA Healthcare (NYSE: HCA) has recognized the growing demand for home-based health care services and associated growth opportunities. This formed the impetus for the company’s purchase of an 80% stake in Brookdale Senior Living’s (NYSE: BKD) home health and hospice business for $400 million earlier this year. Bringing care to the home is […]
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