CEO Keith Myers: LHC Group Creating Health Care Ecosystem

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 […]

Towerbrook, Ascension Health to Acquire Compassus for $1 Billion

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. […]

Admissions Spur 18% Jump in Brookdale’s Hospice Revenue

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 […]