Amedisys’ (Nasdaq: AMED) has halted the divestiture of some of its home health and hospice locations to Texas-based VitalCaring. Amedisys in June announced an agreement to sell some of its locations to the private equity-backed home health and hospice provider VitalCaring. The agreement included potentially more than 100 locations. The VitalCaring transaction was contingent on […]
Rising demand and demographic tailwinds are propelling rapid growth in both the hospice and palliative care markets. But ongoing labor pressures remain a risk point. A large concern is whether there will be enough hospice and palliative care providers to keep pace with demand, according to Brian Tanquilut, equity analyst in health care services at […]
Encompass Health (NYSE: EHC) may be inching closer to spinning off its home health and hospice segment. Encompass announced last December that it was mulling a strategic repositioning of its home health and hospice business. The company has not yet announced a final decision but has indicated that preparations have begun for a possible separation […]
The recent appointments of a new C-suite executive team at Encompass Health’s (NYSE: EHC) hospice and home health business is a likely indicator that the company will spin off that segment into a separate company according to an analysis from the financial services company Jeffries. Encompass announced last December that it was considering a strategic […]
Addus HomeCare Corporation (NASDAQ: ADUS) plans to continue growing through acquisitions, devoting approximately $100 million to cover deals this year. The company’s current strategy is focused on co-locating its clinical hospice and home health operations in markets in which they already have a foothold with its personal care business. Addus launched as a personal care […]
Brookdale Senior Living’s (NYSE: BKD) is considering selling off its home health and hospice businesses. The company may seek a private equity-backed, a strategic buyer or a combination of the two, according to a report by PE Hub. Whispers of a potential sale come on the heels of a troubled year for the senior housing […]
LHC Group (NASDAQ: LHCG) is leveraging its separate business lines to create a health care ecosystem focused on developing long-term relationships with patients and families. The company providers hospice, home health and home- and community-based services nationwide. A cornerstone of this effort is LHC Group’s strategy of co-locating its home health and hospice businesses in […]
Private equity firm Towerbrook Capital Partners and health system Ascension Health have agreed to purchase the Nashville-based hospice provider Compassus at a valuation of $1 billion, with multiples of EBITDA in the low teens, PEHub.com reported. The two companies will split ownership of Compassus down the middle, each holding an equal stake, according to PEHub.com. […]
Hospice revenues at Brookdale Senior Living (NYSE: BKD) are up nearly 18% in the second quarter largely due to same-store admissions growth and de novo activity, the company reported in an earnings conference call. Hospice accounted for much of growth in the company’s Health Care Services segment, outstripping quarterly percentage gains for its home health […]
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