With Telehealth’s Uncertain Future, Hospices Must Be ‘Flexible’

Legislators recently proposed to extend the telehealth flexibilities temporarily granted during the pandemic. These efforts come at a time when telehealth utilization is making waves in hospice staff and patient engagement, as well as operational efficiency and care coordination. Hospices have leveraged telehealth to a greater extent in recent years, with some seeing a range […]

How Hospice Valuations Are Shaping Up in 2024

When it comes to hospice acquisitions, buyers’ and sellers’ expectations on price tags are becoming more aligned. A surge of deals in 2021 and 2022 led to record-high valuations in the space with multiples reaching in excess of 30x in some instances. While many buyers were willing to pay that premium, some stepped out of […]

Publicly Traded Hospice Companies Poised for Deals

The nation’s publicly traded hospice companies are primed for more acquisitions after a 2023 slump, fueled by census and growth. Transaction volume declined in the hospice and home-based care space in 2023, following the two record-breaking prior years. Many expect a rebound in 2024, and stirrings in the public company space signal that may come […]

VITAS’ Acquisition Pipeline Likely Growing

VITAS Healthcare, a subsidiary of Chemed Corp. (NYSE: CHE), is gearing up for potential acquisitions. The company recently completed its $85 million acquisition of Covenant Health and Community Services’ hospice operations and one assisted living facility location. This was VITAS’ first deal in several years, largely due to record-high valuations in the space, Chairman and […]

VITAS Bullish on Hospice, Palliative Care Acquisitions Following Covenant Deal

Chemed Corp. (NYSE: CHE) subsidiary VITAS Healthcare is ramping up its strategic growth plans in both hospice and palliative care amid rising demand for these services. VITAS earlier this month completed its $85 million acquisition of Covenant Health and Community Services’ hospice operations and one assisted living facility location. Announced in March, the deal marked […]

VITAS Closes $85M Covenant Health Transaction

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 […]

Data Key to Boosting Palliative Care’s Value Proposition

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 […]

VITAS CEO Westfall: Market Conditions More Favorable for Hospice Acquisitions

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 […]

[UPDATED] VITAS to Acquire Covenant Health and Community Services’ Hospice Business for $85M

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 […]

The Most Disruptive Forces Shaping Palliative Care in 2024

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 […]