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. […]
An increasingly diverse base of health care providers have taken an interest in the palliative care space, a trend that could be indicative of how strategic growth is taking shape in the field. As they build out their palliative care programs, many of these organizations are pursuing partnerships to foster coordination and growth. A range […]
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 […]
Three independent providers — By the Bay Health, Mission Hospice & Home Care and Hope Hospice — will merge, becoming the largest nonprofit hospice network in northern California. By the Bay and Mission in September announced their plans to merge. In the intervening months, Hope Hospice also joined the transaction. The organizations indicated that joining […]
Agape Care Group has acquired two hospices for undisclosed sums — Birmingham, Alabama-based Hope Hospice and Assured Hospice in Cartersville, Georgia. Agape is a portfolio company of Ridgemont Equity Partners. With the addition of Hope Hospice, the company’s footprint has expanded across 20 Alabama counties. Through the Assured Hospice deal —coupled with a recent de […]
Bristol Hospice has acquired Hospice Select in the Dallas-Fort Worth area for an undisclosed sum. Bristol is a large multi-regional player that has grown seven times larger since private equity firm Webster Equity Partners purchased the company in 2017. The hospice operates more than 45 locations across 13 states, with EBITDA that exceeds $70 million, […]
Bristol Hospice has acquired Missouri-based Hope Hospice for an undisclosed sum in the company’s first deal of the year. This follows nine acquisitions during 2020 and 14 in total since private equity firm Webster Equity Partners purchased the agency in 2017. Hope Hospice in St. Louis was established in the early 2000s. Discussions of a […]
The number of dementia patients is expected to rise by 40%, or 139 million people globally, by 2050, according to new data from the World Health Organization (WHO). Hospices have been caring for dementia patients in larger numbers in recent years and will have a significant role to play as rates of cognitive decline continue […]
Dublin, Calif.-based Hope Hospice has launched a caregiver respite program designed for the families of dementia patients. The service is designed to ease the burden of caregiving on low- to middle-income families, offering as many as 16 hours of home-based respite care. The program is not limited to the families of Hope’s hospice patients. Families […]
The National Partnership for Healthcare and Hospice Innovation (NPHI) has named its new board chair: Samira Beckwith, president and CEO of Florida-based hospice provider Hope Healthcare. As Beckwith told Hospice News, value-based payment models will be a primary focus in 2021 and beyond as the future of end-of-life and serious illness care evolves and a […]
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