Hospice CEOs Voice Misgivings on Medicare Advantage

The top executives for companies in the hospice space have expressed serious concerns about the forthcoming inclusion of hospice in Medicare’s value-based insurance design model, often called the Medicare Advantage hospice carve-in. Through Medicare Advantage, CMS contracts with private insurance companies to provide coverage for Medicare beneficiaries. CMS earlier this year announced that it would […]

Tailwinds May Shield Hospice Bottom Lines from Coronavirus Fallout

Despite recent hits on the overall markets, hospice company revenues may be protected by the growing demand for their services. The U.S. stock markets took a major blow due to turmoil stemming from volatile oil prices and the continuing economic impact of the global COVID 19 outbreak. Monday’s drop — the worse since 2008 — caused […]

Hospices Gear Up to Face COVID 19

The health care community is bracing itself for a potential widespread outbreak of the COVID 19 coronavirus strain, and hospices are no exception. While hospice patients are in their final days, preventing infections that could cause greater suffering remains essential to the hospice mission. Patients infected with COVID 19 have presented in nearly 70 locations […]

LHC Group Poised for 2020 Hospice Acquisitions

After an active 2019 in the mergers and acquisitions market Louisiana-based home health and hospice provider LHC Group (NASDAQ: LHCG) has fixed its eyes on further growth in 2020 and beyond. LHC Group engages in M&A primarily through joint ventures with hospitals and health systems, which has been the company’s most active growth front. Though […]

LHC Group Completes Two Hospice Acquisitions

LHC Group, Inc. (NASDAQ: LHCG) and its joint venture partner Ochsner Health System have completed the acquisitions of five Egan Home Health and Hospice locations in Louisiana, as well as the purchase of Bryant, Ark.-based Saline Memorial Hospice with its joint venture partner LifePoint Health. Financial terms for both transactions were not disclosed. LHC Group […]

LHC Group to Purchase Egan Home Health & Hospice

LHC Group, Inc. (NASDAQ: LHCG) and its joint venture partner Ochsner Health System have agreed to acquire five Egan Home Health and Hospice locations in Louisiana. Financial terms of the transaction were not disclosed.   The companies launched the joint venture, called Southeast Louisiana HomeCare, in 2009. The Egan deal is expected to close on Jan. […]

LHC Group Looks to Double Its Hospice Footprint Within 12-18 Months

Hospice and home health care provider LHC Group (NASDAQ: LHCG) plans to expand its hospice operations to twice the number of locations it currently operates within 12 to 18 months, primarily through acquisitions. The company’s strategy has been to acquire hospices through its extensive joint venture partnerships to build hospice density in markets in which […]

LHC Group, LifePoint Joint Venture Acquires Saline Memorial Hospice

LHC Group (NASDAQ: LHCG) and its joint venture partner LifePoint Health have acquired Bryant, Ark.-based Saline Memorial Hospice, as well as Saline Memorial Home Health, for an undisclosed amount. Both agencies are affiliated with Saline Memorial Hospital, also in Bryant, Ark.  LHC Group anticipates that the transaction, expected to close on Jan. 1, 2020, would […]

LHC Group Acquires Hospices in Arizona, Idaho

Hospice and home health care provider LHC Group (NASDAQ: LHCG) and its joint venture partner Lifepoint Health has agreed to acquire two hospices — Casa de la Paz Hospice in Sierra Vista, Arizona; and St. Joseph Family Hospice in Lewiston, Idaho — in separate transactions for undisclosed amounts.  The companies expect to close the transactions […]

Hospice M&A Market Goes Strong in Third Quarter

The hospice space saw at least 10 hospice merger & acquisition transactions during the third quarter, a slight dip from the second quarter in which 14 transactions took place. Despite this decline, the hospice M&A market continues to go strong. The hospice merger and acquisitions market has been thriving in recent years, with several top […]