As M&A in the for-profit space continues its two-year slump, nonprofits are consolidating in rising numbers. Recent years have seen an uptick in consolidation activity among nonprofits in the hospice space. Increasingly, nonprofits are pursuing acquisitions and affiliations, as well as forming regional collaboratives. In addition, some nonprofits have also been acquired by for-profit companies. […]
BrightSpring Health Services (NASDAQ: BTSG) has completed its acquisition of the Florida-based nonprofit Haven Hospice for $60 million. The transaction includes the purchase of two brands, North Central Florida Hospice Inc. and Haven Medical Group LLC. BrightSpring anticipates that Haven will grow into a $15 million EBITDA business, CEO Jon Rousseau indicated in a second […]
In a time of workforce shortages, hospices are seeking the “secret sauce” that will help keep employees on board and bring new people into their fold. To find the right mix, hospice providers that have achieved national recognition for employer best practices point to a particular secret ingredient — a supportive culture with open lines […]
BrightSpring Health Services’ (NASDAQ: BTSG) growth strategy rests on three pillars. First, the company targets patient populations with complex needs in large, growing markets. This is coupled with a drive towards volume growth and increasing recurring revenue through quality, sales and marketing efforts and the establishment of de novos and acquisitions. Third, the company works […]
BrightSpring Health Services (NASDAQ: BTSG) has penned a definitive agreement to acquire the assets of Haven Hospice in a $60 million deal. The transaction includes the purchase of two brands, North Central Florida Hospice Inc. and Haven Medical Group LLC. The nonprofit holds hospice certificates of need (CON) for hospice care in 18 Florida counties. […]
Avow, Haven, St. Francis Reflections Lifestage Care and Treasure Coast Hospice have established the Synthase Collaborative in part to leverage their collective scale in value-based contract negotiations. The move is part of a growing trend among nonprofit providers. The collaborative is not a merger. Each of the hospices involved in Synthase will maintain its autonomy. […]
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