Encompass Home Health, Hospice CEO April Anthony to Step Down in June

April Anthony, CEO of Home Health and Hospice at Encompass Health Corp. (NYSE: EHC) will be stepping down in mid-June of this year. The move comes at a time when the company is considering a repositioning of its home health and hospice business, including a potential spin off or sale. Anthony founded Encompass Home Health […]

Encompass Building Hospice Market Share While Mulling Spin Off, Sale

Encompass Health (NYSE: EHC) is poised for continued expansion in its hospice segment both through same-store admissions and acquisitions. A promising trend that could support that growth is improved access to patients in nursing homes and assisted living facilities as more vaccine become available. These growth plans come at a time when the company is […]

Encompass Health Hospice Segment Stands Up to COVID-19 Headwinds

Encompass Health’s (NASDAQ: EHC) hospice segment has proven resilient to pandemic-related headwinds compared to the company’s other business lines. Hospice saw revenue and census growth during the third quarter of 2020 even as the company’s home health operations saw some declines due to reduced referrals and fallout from the patient-driven groupings model (PDGM). The company […]

Encompass Health Regains Balance Amid COVID-19 Headwinds

Referral volumes for Encompass Health’s (NASDAQ: EHC) hospice and home health businesses have returned to pre-pandemic levels, even as their inpatient rehabilitation hospital segment also regains financial ground lost to COVID-19 during the first quarter.  The company took hits in March and April due to the pandemic, which brought on declining referrals and skyrocketing costs […]

Encompass Health Rebounds After First Quarter COVID-19 Slump

Encompass Health (NASDAQ: EHC)  in the second quarter overcame the financial onslaught brought on by the COVID-19 pandemic, despite millions of dollars in increased costs for personal protective equipment (PPE), supplies, and increased paid time off and paid leave for staff.   Things started to look up for Encompass in Q2, propelled by demographic tailwinds and […]

COVID is Delaying Private Equity Hospice Transactions

While private equity interest in the hospice space remains hot, some players have abandoned or postponed plans to bring their holdings to the acquisitions market during the COVID-19 pandemic. While many expect the market to rebound by the third or fourth quarter of the year, nothing is certain as COVID cases continue to spike throughout […]

Hospices Contend with COVID Relief Funding Questions

Under the CARES Act enacted in March, many hospice providers nationwide received federal relief funding to provide monetary support as they reeled from the fallout of the coronavirus pandemic. As the U.S. Department of Health & Human Services (HHS) distributed millions of often unsolicited dollars from the Public Health and Social Services Emergency Fund, legal […]

Pandemic Slows Hospice M&A, but Resurgence Is on the Horizon

The hospice mergers and acquisitions market continued to be robust early in the first quarter of 2020 but took a sharp dive as companies shifted their attention towards responding to the COVID-19 pandemic and its economic fallout. A number of transactions, large and small, have occurred in May, which could signal a resurgence. The outlook […]