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 […]

Hospices Reevaluate Staff PTO Policies During Pandemic

As the COVID-19 pandemic puts new pressures on hospice staff, providers are reevaluating and revising their policies to accommodate and maintain their workforce. Hospices nationwide have restructured and adapted telecommuting policies to transition employees into working remotely from home, easing some of the childcare issues for staff. Reallocating vulnerable or exposed staff to non-patient facing […]

Alacare Purchase Boosts Encompass Hospice Despite COVID-19 Woes

Encompass Health’s (NYSE: EHC) hospice business saw positive growth during the first quarter of 2020 despite the company suffering some blows due to the COVID-19 pandemic. The 2019 acquisition of Alacare Home Health & Hospice for $217 million continues to bear fruit, offering major contributions to the company’s hospice revenue during the first quarter, which […]

Tailwinds May Shield Hospice Bottom Lines from Coronavirus Fallout

Despite recent hits on the overall markets, hospice company revenues may be protected by the growing demand for their services. The U.S. stock markets took a major blow due to turmoil stemming from volatile oil prices and the continuing economic impact of the global COVID 19 outbreak. Monday’s drop — the worse since 2008 — caused […]

Encompass Health’s 2020 M&A Strategy Leans Towards Hospice

Encompass Health (NYSE: EHC) will be targeting large acquisitions in the home health and hospice space during 2020 with an emphasis on hospice, due to disruption in the home health sector resulting from the Patient Driving Groupings Model (PDGM).  Effective Jan. 1, 2020 Medicare began reimbursing home health care providers through PDGM, which classifies patients […]

Alacare Purchase Pays Off for Encompass Health

Encompass Health Corp.’s (NYSE: EHC) recently closed acquisition of Alacare Home Health & Hospice for $217.5 million spurred significant revenue growth in the third quarter. The company’s hospice segment earnings rose 53.7% between Q3 2019 and Q3 2018. A nearly 6% rise in same-store admissions also boosted Encompass Health’s third quarter performance. The company’s average […]