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 […]
HCA Healthcare (NYSE: HCA) is expected pursue speedy growth for the hospice and home health business the company is set to acquire from Brookdale Senior Living (NYSE: BKD). Brookdale has entered into a definitive agreement to sell an 80% stake in its health care services segment to HCA for $400 million. Brookdale will retain a […]
Brookdale Senior Living Inc. (NYSE: BKD) has agreed to sell a majority stake in its hospice, home health and outpatient therapy business to HCA Healthcare (NYSE: HCA). Brookdale will sell 80% of the equity in its health services segment to HCA for a purchase price of $400 million. Brookdale in December indicated that it would […]
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 […]
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 (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 […]
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 […]
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 […]
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 […]
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 […]
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