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. To achieve these kinds of growth, hospices must consider whether they should affiliate or buy another company outright. Each approach comes with benefits and risks. Rising operating […]
The palliative care space is at an inflection point at which unprecedented awareness and demand are fueling growth that could be hampered by limited reimbursement and staffing shortages. Palliative Care News spoke with a group of industry leaders about the most impactful forces that will shape the space in the coming year. Some of the […]
A rich mix of hospice merger and acquisition (M&A) activity at the end of 2023 is fueling trends into next year. Hospice M&A activity has diverged from the frenzied pace set in recent years. The hospice space in the last five years has seen record-breaking multiples, a prevalence of private equity-backed platform transactions and large-scale […]
Three independent providers — By the Bay Health, Mission Hospice & Home Care and Hope Hospice — will merge, becoming the largest nonprofit hospice network in northern California. By the Bay and Mission in September announced their plans to merge. In the intervening months, Hope Hospice also joined the transaction. The organizations indicated that joining […]
Nonprofit hospices should consider the benefits of collaborating or combining with like-minded organizations in order to ensure sustainable growth and reach more patients, Skelly Wingard, CEO of By the Bay Health, told Hospice News. Wingard became CEO in June following the departure of her predecessor, Kitty Whitaker. Established more than 45 years ago, By the […]
A rising number of hospices have undergone name changes in recent years, prompting many to consider the elements of an effective rebranding strategy. As hospices nationwide develop new services to engage patients further upstream, some are rebranding to reflect their expanded scope and to avoid the word “hospice” in their company names, hoping to ameliorate […]
New hospice leaders have indicated that workforce development, efficient technologies and growth in home-based services represent key focus areas for providers during the next few years. Meanwhile, their biggest challenges include regulatory and reimbursement shifts. Hospice News recently sat down with two new hospice executives to discuss some of the biggest opportunities and concerns on […]
By the Bay Health and Mission Hospice & Home Care recently signed a letter of intent to merge the two California-organizations. Joining forces under one umbrella is a move to beef up their combined presence in an increasingly competitive hospice market, improve access to care and improve quality, according to spokespeople for By The Bay […]
CEO turnover has been rising during the past two years, among organizations that run the gamut as far as size, tax status and ownership structure. The reasons behind the trend are also plentiful. For starters, many hospice leaders are aging with the rest of the population and reaching retirement age. Others have migrated to other […]
By the Bay Health CEO Steps Down After nearly a decade in the role, California-based By the Bay Health CEO Kitty Whitaker recently announced plans to retire this spring. Whitaker has been at the helm of the nonprofit since 2014, serving as COO prior to that. She became a hospice nurse for By the Bay […]
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