Labor shortages and other headwinds have battered hospices during 2022, including large companies. Some of these providers are making near-term investments that cut into revenue but are expected to pay off in the long run. Providers are seeing troubles on multiple fronts, as reflected in third quarter earnings reports. This year brought the return of […]
Addus HomeCare Corporation’s (NASDAQ: ADUS) is shifting its M&A strategy away from hospice deals to focus on its home health and personal care businesses. Texas-based Addus provides personal, home health and hospice care across 207 locations in 22 states, reaching roughly 46,500 patients annually. Though hospice will still be an important part of the company’s […]
Addus HomeCare Corporation (NASDAQ: ADUS) has acquired Chicago-based Apple Home Healthcare, Ltd., for an undisclosed sum. Texas-based Addus has more than 200 locations across 22 states, including Illinois. The state is one of three in which Addus offers its trifecta of business lines — personal care, home health and hospice. The company’s growth sights have […]
The HAP Foundation has officially begun operations. The foundation is an independent, nonprofit hospice and palliative care research and advocacy organization. The foundation aims to identify and address gaps in the health care continuum to help improve the quality of life for the seriously and terminally ill. It will serve as a hospice and palliative […]
A turbulent economy and slight cool-down in deal activity early in the year have led some to question whether the record-high valuations for hospice assets will start to tumble. Like most business sectors, health care has felt the aftershocks of global economic trends such as rising inflation, supply chain disruption, and the continued effects of […]
Joliet, Illinois-based Lightways Hospice and Serious Illness Care has nearly tripled the capacity of its pediatric palliative care program, expanding in geography, staff, and patient census. The nonprofit’s pediatric program now has capacity for 120 patients. Lightways’ current pediatric census has risen to 100 patients, up from 40. Additionally, the program’s service area has extended […]
Bolstered by recent acquisitions, Addus Homecare’s (NASDAQ: ADUS) hospice segment is holding its own against labor headwinds and inflation. For example, the company’s $85 million acquisition of Illinois-based hospice provider JourneyCare Inc., earlier this year added $25 million to its second quarter revenues. Addus also counted its first full quarter of revenue from its 2021 […]
Despite hitting a brief slump at this year’s start, hospice merger and acquisition activity still managed to outpace other health care sectors. Strong hospice and home health consolidation continued during the first quarter of 2022, according to a recent report from Provident Healthcare Partners. Both private equity firms and strategic investors remained “bullish” on home-based […]
As Addus HomeCare Corp (NASDAQ: ADUS) gears up for expansion, the company is focused on ensuring its workforce can absorb the growing capacity. Addus has not been immune to the labor headwinds plaguing the industry. This includes shortages tied to the COVID-19 variant surge that persisted through the first half of the year, as well […]
Addus HomeCare (NASDAQ: ADUS) has gone all-in on building out its care continuum. Launched as a personal care provider, the company in 2016 began offering hospice and home health to enhance its value proposition for payers by further reducing hospitalizations and emergency department visits. “If you realize that our average patients are in their 70s, […]
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