VITAS Healthcare, a subsidiary of Chemed Corp. (NYSE: CHE), has completed its $85 million acquisition of Covenant Health and Community Services’ hospice operations and one assisted living facility location. The deal is structured as an asset purchase, which allows the buyer to assume liability for assets included in the transaction. It also brings VITAS into […]
The scope of palliative care is broadening across the nation, but a lack of sufficient payment mechanisms is curbing growth. Patient data will play a key role in forming sustainable palliative reimbursement. Calls have grown louder for a federally established community-based palliative care benefit as demand rises among swelling aging populations with a range of […]
Changes in the marketplace have made further acquisitions by VITAS Healthcare more likely. VITAS, a subsidiary of Chemed Corp. (NYSE: CHE), recently announced its first deal in several years, the $85 million purchase of hospice assets from Covenant Health. While the company does not comment on its specific acquisition plans or its pipeline, VITAS may […]
In case you missed it, Hospice News has launched a new specialty publication for palliative care professionals. You can subscribe to Palliative Care News here: Subscribe today! VITAS Healthcare Corporation has penned an agreement to acquire Covenant Health and Community Services’ hospice operations and one of its assisted living facility locations for $85 million. The […]
Want to read more palliative care-focused content like this? Subscribe to Palliative Care News today! Staffing, public awareness and value-based payment represent the greatest disruptive forces shaping palliative care delivery in 2024 and beyond. Workforce shortages exacerbated by the pandemic are a significant challenge in palliative care delivery, according to Catherine Campbell, president and CEO of […]
In case you missed it, Hospice News has launched a new specialty publication for palliative care professionals. You can subscribe to Palliative Care News here: Subscribe today! The Medicare Advantage hospice carve-in will be carved back out by the end of this year. Many operators were glad to see it go, but the questions the […]
In case you missed it, Hospice News has launched a new specialty publication for palliative care professionals. You can subscribe to Palliative Care News here: Subscribe today! Capacity gains driven by a slate of new hires has propelled VITAS Healthcare to pre-pandemic performance. A bonus program implemented last year has accelerated hiring, which in turn has relieved […]
VITAS Healthcare is making changes in its c-suite and executive team. COO Joel Wherely will now also serve as VITAS’ president, the company announced today. Bryan Wysong, currently senior vice president of operational performance, will step in as executive vice president of operations. CEO Nick Westfall has been appointed the company’s chairman. “VITAS Healthcare continues to […]
Having peer-support and employee feedback loops are key pieces in some hospices’ onboarding models. Rising demand for hospice amid prolific clinical workforce shortages has providers laser-focused on effective recruitment and retention strategies. Onboarding processes have an important role in preparing hospice clinicians for the nuances of providing end-of-life care. Hospices have taken varied approaches to […]
The worst of the staffing challenges is far from over for embattled hospice providers seeking fruitful recruitment and retention strategies in 2024. Operators will continue to reckon with clinical capacity strains next year as hospices contend with rising demand from a swelling aging population, according to Nick Westfall, CEO of VITAS Healthcare, a subsidiary of […]
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