BrightSpring Moves Into Hospice Space with Abode Healthcare Acquisition

BrightSpring Health Services has purchased Abode Healthcare from Summit Partners with a reported valuation of $775 million, PE Hub reported. The transaction is projected to bring the combined company roughly $6 billion in annual revenue. Louisville, -based BrightSpring’s total value currently rests at approximately $10 billion. Brightspring is a portfolio company of the global investment […]

LeadingAge Expands Hospice Reach with VNAA, ElevatingHome Affiliation

Senior care association LeadingAge has completed its affiliation with the Visiting Nurse Associations of America (VNAA) and its offshoot organization, ElevatingHOME. This move expands LeadingAge’s reach into the home health and hospice sectors. The groups announced their intent to merge in Feb 2019. In the interim the organizations have undergone a transition period in which […]

Hospices Leverage Palliative Services in VBID Arena

Hospice providers are increasingly expanding palliative services as a bridge to end-of-life care and engage patients further upstream. With the forthcoming value-based insurance design (VBID) demonstration, hospices that have robust palliative care business lines will have a leg up on competitors in demonstrating their value to participating insurance plans. Many hospice providers see palliative care […]

Amedisys Expanding Palliative Care Operations

Amedisys Inc. (NASDAQ: AMED) has continued to grow its hospice segment despite facing COVID-19 headwinds earlier this year. This expansion deepens an industry-wide trend toward service diversification and a lean towards value-based programming. The company is citing rising demand for palliative care as an impetus for moving into that space. “Palliative care is a nice […]

Rising Costs Put Hospice in Regulatory Crosshairs

In the midst of rising demand, costs, and sharpened regulatory scrutiny, many hospice providers are facing Medicare recertification review challenges that can seriously harm patients and families, as well as their own bottom lines. The U.S. Centers for Medicare & Medicaid Services (CMS) requires hospices to recertify patients who have survived beyond their initial estimated […]