The volume of hospice mergers and acquisitions continues to rise, with more than 23 publicly announced transactions during the third quarter of the year, up from 17 in Q2. M&A advisory firm Mertz Taggart tallied these numbers in a quarterly report, indicating that Q3 saw the most hospice transactions since the final quarter of 2020, […]
As health care providers face staffing shortages in nearly all disciplines, home-based care providers are leveraging their mission of service to help employees remain engaged and fulfilled in their work. In addition to the dearth of clinicians who have hospice or palliative care training, those providers find themselves in tight competition with other care settings […]
A joint venture between UMC Health System and home health and hospice provider Amedisys (NASDAQ: AMED) has opened a de novo in Lubbock, Texas. UMC owns 50% and Amedisys owns 50% of the new location, branded as UMC Home Health and Hospice, an Amedisys partner, LLC. The new location is located within the UMC Business […]
LHC Group, Inc. (NASDAQ: LHCG) has signed on the dotted line to acquire Freda H. Gordon Hospice and Palliative Care, located in Virginia Beach, Va. The company also purchased Generations Home Health, also headquartered in that community. Purchasing a home health provider and a hospice in the same market makes sense for LHC Group. The […]
LHC Group (NASDAQ: LHCG) will acquire home health and hospice operations in 22 states from the joint venture between Brookdale Senior Living (NYSE: BKD) and hospital system HCA Healthcare (NYSE: HCA). Brookdale sold an 80% stake in its home health, hospice and outpatient therapy business to HCA earlier this year in a $400 million deal. […]
LHC Group (NASDAQ: LHCG) has completed its acquisition of South Carolina-headquartered Heart of Hospice from the family-owned investment firm Evening Post Industries (EPI) Group. The deal furthers a streak of hospice transaction by LHC Group that is unlikely to abate in the near term. Financial terms were undisclosed. LHC Group’s M&A activity has hit an […]
With the hospice mergers and acquisitions market showing no sign of slowing down, providers with high performance on quality measures, scale and size are anticipated to attract investors’ eyes. Even as strategic, private equity and non-traditional buyers continue to snap up hospices, those providers are themselves increasingly investing in more diversified assets, such as home […]
While hospices have been focusing efforts to recruit, retain and rebuild their ranks during a financially choppy time, some providers are furrowing their brows over minimum wage increases in the absence of a corresponding raise to Medicare reimbursement. While federal efforts to boost the minimum wage have stagnated for the time being, action is underway […]
Amedisys (NASDAQ: AMED) has been among the many home health and hospice providers taking financial and operational hits as the coronavirus pandemic continues its spread. Despite facing headwinds, the company remains steadfast in its position on hospice as it seeks to further build up its presence in the market. Another recent uptick of cases stemming […]
LHC Group Inc. (NASDAQ: LHCG) leadership revealed in an earnings call Thursday morning that its merger-and-acquisition activity has hit an all-time high this year. Additionally, hospice deals currently make up just above 60% of the $400 million the company currently has set aside to further boost its M&A pipeline as 2021 unfolds. Hospice will remain […]
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