Hospice patients are often concerned about the future wellness of their pets as they near the end of life, and some providers are working with organizations that help address those needs as an ancillary service. Case in point, Oregon-based Hospice of Redmond in August began working with the organization Pet Peace of Mind to find […]
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 […]
Brent Guerisoli effective Aug. 1 will become CEO of The Pennant Group Inc. (NASDAQ: PNTG). Current CEO Daniel Walker will retire from the position but remain board chairman. Guerisoli joined Pennant in 2012 and, until August, served as the company’s president and COO. In that role, he has been involved heavily in leadership recruitment and […]
A group of seven hospice and senior care providers have formed Advanced Illness Partners (AIP), a joint venture partnership geared for participation in the direct contracting payment models from the Center for Medicare & Medicaid Innovation. Several of the models are slated to launch in April, with a geographic direct contracting option coming in 2022. […]
Cornerstone Healthcare, the hospice and home health subsidiary of the Pennant Group, Inc. (NASDAQ: PNTG) has opened two de novo hospice agencies: Everett-Wash.-based Alpha Home Health and Hospice and Peaceful Heart Hospice, located in Murrieta, Calif. Alpha, which already provided home health services, received a certificate of need from the Washington State Department of Health […]
Hospice, home health and senior living company The Pennant Group, Inc. (NASDAQ: PNTG), has acquired the assets of two hospice providers, sold by Signature Health Care at Home, each with multiple locations throughout southeastern Idaho and northern Utah. The company also purchased two home health agencies serving those regions. Financial terms of the transactions were […]
Cornerstone Healthcare, a subsidiary of hospice, home health and senior living company the Pennant Group (NASDAQ: PNTG), has purchased Montana-based Hospice of Missoula for an undisclosed amount, marking the company’s first foray into that state’s market. Pennant indicated that the company intended to seek out further acquisition opportunities throughout 2020, targeting strategic and underperforming organizations […]
Mansfield, Texas-based home health provider AngMar Medical Holdings Inc., has entered the hospice space with the acquisition of its first agency, located in Wichita, Kan. The location will operate under AngMar’s new brand, Angels Care Hospice. Financial terms of the acquisition were not disclosed. The name of the acquired hospice in Wichita is confidential per […]
Hospice and home health care provider Addus HomeCare Corporation (NASDAQ: ADUS) has completed a $130 million purchase of Birmingham, Ala.-based Hospice Partners of American, LLC. The $130 million purchase price represents $118 million of value, net the present value of $11.6 billion of estimated tax benefits, according to Addus. The Hospice Partners transaction was funded […]
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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