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 […]
Empath’s New Adult Day Center Empath LIFE has opened a new adult day center in Tampa, Florida, which will also provide caregiver education and respite services, among others. The LIFE program is a member of Florida-based nonprofit post-acute care provider Empath Health. Services at the program’s new facility include adult day services, primary and skilled […]
Investment trends in the hospice industry have meandered in recent years, impacting providers’ approaches to growth in 2024. The mix of hospice buyers has become more diverse during the past five years to include more private equity investors, large health and hospital systems and home health companies, along with payers. These trends will have lasting […]
The nonprofit post-acute care providers Empath Health and Trustbridge have signed a memorandum of understanding to begin an affiliation between the two organizations. Discussions of a potential affiliation began about a year ago, according to Empath Health CEO Jonathan Fleece. The organizations had a prior connection through the Florida Hospice and Palliative Care Association, as […]
Though most U.S. hospice providers have the same problem — a workforce shortage — many seek to address it using unique solutions. Worsening workforce shortages have been keeping hospice leaders awake at night for several years running. Rising turnover due to the COVID-19 pandemic exacerbated the crisis, leading some hospice providers to shut down their […]
Though nonprofit hospices now represent a smaller slice of the industry than in years past, they continue to care for more than half of patients in the United States who elect the benefit. The number of hospices operating nationwide rose to 5,358 in 2021, according to the Medicare Payment Advisory Commission (MedPAC). This is a […]
Tidewell Hospice, an affiliate of Empath Health, has enhanced its clinical training program with a simulation lab in its Bradenton, Florida location. The lab is designed to give new hospice clinicians hands-on experience and hone their skills before they go out to engage directly with patients and families. A centerpiece of the lab is two […]
Some hospices have found peer support to be a crucial component of their pediatric bereavement programs amid rising demand for these services. Research indicates that the number of bereaved children nationwide is growing. An estimated 6 million children in the United States will experience the death of a parent or a sibling by the age […]
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 […]
Hospices are working to strike a harmonious chord between increased demand for inpatient care and the workforce resources to support it. Some hospice providers have seen a rise in demand for inpatient care. While a number have been able to expand to address this need, others have had to shutter their inpatient programs due to […]
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