Towerbrook, Ascension Health to Acquire Compassus for $1 Billion

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. […]

Hospice Sees Uptick in M&A Activity During Q2 2019

The hospice mergers & acquisitions market continues to be robust. Fourteen hospice transactions took place during the second quarter of 2019, up from eight hospice-related acquisitions during the first quarter, according to a report from M&A advisory firm Mertz-Taggart.  The hospice merger and acquisitions market has been thriving in recent years, with several top providers […]

Proposed Ensign Spin-Off Won’t Slow Acquisitions Activity

The Ensign Group, Inc. (Nasdaq: ENSG), will not stop or slow its acquisition efforts while awaiting the finalization of their forthcoming hospice and home health spin-off, the Pennant Group. Ensign, a rehabilitation and health care services company, announced that it would spin off its hospice, home health, and senior living operations into a publicly traded […]

Ensign Group Spins Off Hospice and Home Health Segment

The Ensign Group, Inc. (Nasdaq: ENSG), will separate its hospice and home health segments into a publicly traded entity called The Pennant Group, Inc., with the split expected to complete in the 4th quarter of the year, pending regulatory, legal and board approval. Pennant will include 60 home health and hospice agencies, 51 senior living […]

Cornerstone Acquires Resolutions Hospice

Cornerstone Healthcare Inc., a subsidiary of The Ensign Group (NASDAQ: ENSG), as of May 1 acquired the assets of Texas-based Resolutions Hospice for an undisclosed amount. Cornerstone subsidiaries now operate 26 hospice operations, 25 home health operations, and nine other home care operations across 12 states. Prior to this transaction Resolutions Hospice was a family-owned […]

Cornerstone Buys San Antonio-Area Hospice

Cornerstone Healthcare, Inc., a subsidiary of the Ensign Group (ENSG), has purchased the assets of Boerne, Tex.-based All County Home Care and Hospice for an undisclosed sum, furthering the company’s strategy of acquiring well-performing and struggling hospice and home health care providers nationwide. With this acquisition, Cornerstone now operates 25 hospice locations in addition to […]