Hospices are adapting their inpatient facilities to care for COVID-19 patients as the number of people afflicted with the virus continues to swell. Though many, if not most, coronavirus patients receive care in their homes, in some instances the severity of symptoms necessitates inpatient care. Georgia-based Hospice Savannah and some locations of the national chain […]
Hospice led the charge on mergers and acquisitions during 2019. Dollar amounts for hospice transactions surpassed those in similar markets such as home health care, even though fewer deals occurred last year in the hospice, home health care and home care spaces than in 2018, according to a new quarterly M&A report from advisory firm […]
Compassus, a large hospice provider with national reach, has opened a new hospice location in Wilkes-Barre, Penn., a sign the company is not slowing down its expansion through de novos. The company opened three de novos in the final months of 2019 and an additional two locations in October. The new offices are located in […]
Effective management and geographic location are two key factors that can determine whether a private equity firm will invest in a hospice. Private equity interest in the hospice market has been on the rise, driven by the fragmented nature of the industry, increased acceptance of palliative care services, the aging population, the changing regulatory landscape, […]
Nashville-based hospice provider Compassus has stepped up de novo activity in several states, most recently in Huntington, Ind., with other new locations in the town of Washington, Iowa and Waco, Texas. Each of these three new locations has opened within the past 30 days. The Indiana location will serve four counties surrounding the Ft. Wayne, […]
Though the hospice space remains fragmented, mergers and acquisitions are driving up market share, particularly for large providers. Along with service diversification and application of emerging technologies, M&A is helping to drive growth among the organizations named in LexisNexis Top 100 Hospices of 2019. With 4.5% of market share, VITAS Healthcare, a subsidiary of Chemed […]
Private equity firm Towerbrook Capital Partners and health system Ascension Health have agreed to purchase the Nashville-based hospice provider Compassus at a valuation of $1 billion, with multiples of EBITDA in the low teens, PEHub.com reported. The two companies will split ownership of Compassus down the middle, each holding an equal stake, according to PEHub.com. […]
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