Gentiva Leaning Into Staff Development, Advanced Illness Management Business

Gentiva in 2024 and 2025 is laser-focused on staff retention and building out its advanced illness management platform Illumia Health. Workforce shortages have plagued the hospice community for years, along with the health care sector at large. This has led to a sharpened focus among many providers on hiring and keeping employees, particularly when it […]

Addus Pulling Back on Hospice Deals

Strategic priorities for Texas-headquartered Addus HomeCare Corporation (NASDAQ: ADUS) continue to focus on personal care and home health and less on hospice as the company waits for the dust to settle following its Gentiva personal care acquisition. Improvements in hospice valuation trends have not come far enough in recent years to make the market a […]

Gentiva Settles FCA Claims Against Kindred at Home

Gentiva has agreed to pay $19.4 million to resolve False Claims Act complaints that predate the company’s acquisition of Kindred at Home. The U.S. Justice Department alleges that Kindred at Home and related entities knowingly submitted false claims and retained overpayments for hospice services provided to patients who were ineligible. The federal government and the […]

VITAS, Gentiva, Home Health & Hospice Care Expand Inpatient Services; Banner Health Shutters Hospice Programs in Phoenix

VITAS Healthcare Expands Hospital-Based Inpatient Hospice Center Chemed Corp. (NYSE: CHE) VITAS Healthcare recently expanded its inpatient hospice care unit at the Florida-based Broward Health Medical Center. The inpatient facility now has 12 patient beds, up from eight prior to the renovations. VITAS expects to serve roughly 550 patients annually at the center. “VITAS is […]

How PE Firms Are Adjusting Hospice Exit Strategies in a Shifting Market

Private equity firms typically turn around and sell an asset within three to five years post-acquisition. However, some may slow that cycle down in today’s economic environment. The presence of private equity firms in the hospice arena has expanded exponentially during the past several years. But this year, deal volume slowed across the board. While […]

2023’s Most Impactful Hospice Deals

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 […]

ProMedica Scales Down Operations; New Inpatient Facilities Open at Beacon Hospice, Holy Name Medical Center, The Hansen House

ProMedica Shutters Two Home Health Locations ProMedica is shuttering two home health and hospice programs in Ohio and Michigan. The closures will take effect in November. The closures are part of the nonprofit health system’s strategic plans to divest its home health care services, the company indicated in a letter penned to the Ohio Department […]

The Most Significant Hospice Deals So Far in 2023

Thus far in 2023, hospice merger and acquisition activity has deviated from prior years. This year is distinctive because of factors such as valuations, asset sizes and the mix of buyers. A number of trends have shifted. The last five years saw record-breaking multiples in the hospice space and private equity-backed platform deals were among […]

Gentiva Expands with Mississippi De Novo

On the heels of its $710 million acquisition of Heartland Hospice, Gentiva has opened a do novo in Mississippi. The new location will serve 10 Mississippi counties, adding to the company’s more than 430 locations across 38 states. “It is amazing and today it is groundbreaking to come out here in the community,” the location’s […]