Hospice agencies have been in high demand in the health care mergers-and-acquisition market in recent years, particularly among private equity firms. As that trend continues, some hospices themselves are considering their own investments in businesses that can bolster their current services and bottom lines, including private-duty and non-medical home care care. A few factors are […]
Last year finished with a flurry of hospice transactions, with private equity groups continuing to show ample interest in the space. Overall, there were at least 23 hospice-related deals in 2021’s fourth quarter, according to a recently released report from M&A advisory firm Mertz Taggart. That total is on par with the 23 that came […]
Caring Brands International (CBI) subsidiary Interim HealthCare recently bought back Interim HealthCare of Sacramento Hospice in California in its third acquisition this year. The purchase of the in-home hospice provider from its owner was driven by rising demand for care in this setting, according to Interim Healthcare and CBI President and CEO Jennifer Sheets. The […]
Research conducted by Interim HealthCare has found that 82% of adults ages 18 or older would choose to receive care in their homes as they near the end of life. However, misconceptions about home-based care among providers in other settings could pose a barrier for some patients, who typically need a referral to seek out […]
Private equity firm Wellspring Capital Management has acquired Caring Brands International, parent company of home health and hospice franchise company Interim Healthcare, for an undisclosed amount. The seller, PE outfit Levine Leichtman Capital Partners, purchased the company in 2015. Caring Brands is the seventh largest home-based care provider in the United States, in addition to […]
Caring Brands International subsidiary Interim HealthCare has purchased one of its franchise locations from its owner. The company also bolstered its international presence with home health acquisitions in Australia and Ireland. The company’s acquisition of its California-based Interim HealthCare of San Diego was prompted by the former owner’s retirement. The San Diego operations will continue […]
Hospice and home health franchise company Interim HealthCare’s staffing segment is gearing up to assist with COVID vaccinations. The company will provide additional personnel to support health departments, health care providers and senior communities with administering vaccines to help reduce wait times. To date, three large drugmakers have produced COVID-19 vaccines: British-based pharmaceutical and biopharmaceutical […]
Senior care provider Interim HealthCare began a national staff recruiting campaign this month targeted at expanding education and training in clinical, caregiving and service-related roles, including hospice and home care personnel. Staffing has remained a top concern in 2020 among hospice providers, with the coronavirus pandemic straining an already shrinking workforce. Interim HealthCare is a […]
Amid industry-wide staffing shortages, hospices are progressively focusing on strategies to reduce turnover and improve employee satisfaction. Recent research indicates that providers can do more to support hospice staff work/life balance needs and boost morale to mitigate burnout and grow their workforce as they contend with added pressures resulting from the COVID-19 pandemic. Staffing issues […]
The rising tide of evolving payment models forthcoming in 2021 have hospice providers nationwide bracing for waves of change in end-of-life and serious illness care. As the move towards value-based care takes effect, providers will need to expand referral partnerships and enhance data analysis efforts to improve access to patients and families who could benefit […]
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