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 […]
The hospice workforce has been dwindling even as demand for care rises. Factors such as retirement and burnout are leading some clinicians to leave the field, and the limited number of health care workers with hospice and palliative care training have made the industry an employee’s market. Becoming an employer of choice in their markets […]
Hospice and home health provider LHC Group (NASDAQ: LHCG) is partnering with acute unscheduled care company SCP Health to develop skilled nursing and hospital services in the home setting. The two companies plan to leverage their existing hospital and Accountable Care Organization (ACO) relationships to build out their SNF- and hospital-at-home services. LHC Group is […]
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