Hospices are increasingly collaborating with community organizations to better address the end-of-life needs of the homeless population. Isolated homeless senior populations are reaching concerning levels nationwide. Many medical and nonmedical issues can be exacerbated at the end of life among unhoused and homeless seniors compared to others, according to James Patrick Hall, executive director of Rocky […]
A group of Wisconsin-based organizations, including hospices, are working to improve end-of-life care among homeless populations. A recent grant from local government agencies is helping to fuel these efforts. Solace Friends Inc. is among the organizations to receive $100,000 in grant funding that helped launch an adult family center. Dubbed Solace Home, the four-bed residential […]
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 […]
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 […]
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 […]
Regulatory challenges have contributed to the hospice sector’s current M&A slump, but this year’s volume nevertheless aligns with experts’ forecasts. In addition to those pressures, the industry is also in a cooling period in which companies focus on integrating the assets that many acquired during flurries of activity in 2021 and 2022, according to Mark […]
Hospice of the Chesapeake Appoints New CMO Maryland-based Hospice of the Chesapeake recently named Dr. Marny Fetzer as its new chief medical officer. Fetzer is currently system medical director for palliative care and hospice services at Illinois-based Ascension Health. She will step into the role at Hospice of the Chesapeake in July, alongside seeking a […]
Hospice merger and acquisition activity has taken a downturn in 2023, which is in line with projections from M&A experts. Approximately 14 hospice, home care and home health transactions were reported during the first quarter of 2023, according to recent data from Mertz Taggart. Less than a handful (about 4 or 5) of these were […]
Gentiva’s recent $710 million acquisition of ProMedica’s hospice and home-based care assets bucks prevailing trends in today’s M&A market. Transaction volume dipped during 2022, specifically when it came to large platform deals by private equity firms. Many in the space expect smaller deals to become more prevalent during the first half of 2023, particularly in […]
The hospice, palliative care and personal care provider Gentiva has agreed to acquire Heartland Hospice and other assets from the nonprofit health system ProMedica. Heartland is valued at $710 million, Bloomberg reported. Gentiva is a portfolio company of the private equity firm Clayton, Dubilier & Rice (CDR). The Atlanta-based provider emerged from the former hospice […]
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