Trinity Health at Home recently acquired Iowa-based Above & Beyond Home Health Care and Hospice for an undisclosed sum. The two will officially join forces on July 1 in a move aimed at expanding much-needed care in local communities. The home health and hospice provider is part of Trinity Health, a large, faith-based nonprofit health […]
As LHC Group’s (NASDAQ: LHCG) pending $5.5 billion acquisition by UnitedHealth Group (NYSE: UNH) unfolds, the home health and hospice provider is seeing resurgent admissions growth despite persistent workforce pressures. LHC Group saw a contraction in the nursing labor market across its business segments during the second half of last year, President Joshua Proffitt previously […]
UnitedHealth Group (NYSE: UNH) has agreed to buy LHC Group (NASDAQ: LHCG) for a reported $5.5 billion. The insurance company will integrate LHC Group with its existing home health asset, Optum Health. The massive deal follows last year’s acquisition of Kindred at Home by United’s competitor, Humana Inc. (NYSE: HUM) for $5.8 billion. The two […]
LHC Group (NASDAQ: LHC) is pushing back against pandemic-associated labor headwinds. With hiring up and turnover down, the company hopes to build on that momentum while pursuing joint venture and acquisition opportunities. LHC Group enhanced its recruitment and retention strategies during the past two years. The company in 2020 piloted a regional approach to recruitment […]
LHC Group (NASDAQ: LHCG) is setting its strategic sights on “all things end-of-life care,” seeing further upside in its sizable hospice business. The Lafayette, Louisiana-based provider has spent the past few years building up its hospice platform through acquisitions. It plans to continue the momentum in 2022, though the company has previously suggested it will […]
HCA Healthcare Inc. (NYSE: HCA) – the big Nashville, Tennessee-based hospital network – is looking to make serious integration progress on the hospice and home health assets it purchased from Brookdale Senior Living Inc. (NYSE: BKD) last year. “We’re in the early stages of integration,” HCA CEO Sam Hazen said during a fourth-quarter earnings call […]
LHC Group (NASDAQ: LHC) had a record-breaking year when it came to acquisitions during 2021, with much of that activity leaning towards hospice. As 2022 begins, the company is focused on integrating those new assets and elevating their performance to its full potential, while fueling further growth with de novos and its joint venture strategy. […]
This year was transformational for the hospice space. The industry took its first steps towards value-based payment through the hospice component of the value-based insurance design model, or Medicare Advantage hospice carve-in. Providers also saw an overhaul of the U.S. Centers for Medicare & Medicaid Services’ (CMS) survey process, all while contending with COVID-19 headwinds […]
LHC Group (NASDAQ: LHCG) executives today announced a slowed, albeit continued, focus on hospice growth heading into 2022. The company has been bullish on the hospice market in recent years, with hospices deals making up a little more than 60% of in cash flow set aside to further boost its M&A pipeline last quarter. Heading […]
The volume of hospice mergers and acquisitions continues to rise, with more than 23 publicly announced transactions during the third quarter of the year, up from 17 in Q2. M&A advisory firm Mertz Taggart tallied these numbers in a quarterly report, indicating that Q3 saw the most hospice transactions since the final quarter of 2020, […]
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