A group of seven nonprofit hospices has launched a palliative care organization branded as Integrity Care Partners. The founding organizations are each members of the Texas Nonprofit Hospice Alliance, a regional collaborative of which Integrity Care Partners is an extension. The partnerships’ seven initial members include Community Healthcare of Texas, Hospice Austin, Home Hospice of […]
Empath’s New Adult Day Center Empath LIFE has opened a new adult day center in Tampa, Florida, which will also provide caregiver education and respite services, among others. The LIFE program is a member of Florida-based nonprofit post-acute care provider Empath Health. Services at the program’s new facility include adult day services, primary and skilled […]
Hospice and home health care provider Addus HomeCare Corporation (NASDAQ: ADUS) has completed a $130 million purchase of Birmingham, Ala.-based Hospice Partners of American, LLC. The $130 million purchase price represents $118 million of value, net the present value of $11.6 billion of estimated tax benefits, according to Addus. The Hospice Partners transaction was funded […]
Private equity-backed Three Oaks Hospice, based in Texas, has acquired three hospice agencies in Dallas, Fort Worth and San Antonio. Three Oaks began operating in May. The three acquisitions — Total Hospice & Palliative Care, ABS Palliative and Hospice Care and Fellowship Hospice — increase the hospice’s referral network to more than 200 sources, enabling […]
The hospice mergers & acquisitions market continues to be robust. Fourteen hospice transactions took place during the second quarter of 2019, up from eight hospice-related acquisitions during the first quarter, according to a report from M&A advisory firm Mertz-Taggart. The hospice merger and acquisitions market has been thriving in recent years, with several top providers […]
Cornerstone Healthcare Inc., a subsidiary of The Ensign Group (NASDAQ: ENSG), as of May 1 acquired the assets of Texas-based Resolutions Hospice for an undisclosed amount. Cornerstone subsidiaries now operate 26 hospice operations, 25 home health operations, and nine other home care operations across 12 states. Prior to this transaction Resolutions Hospice was a family-owned […]
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