Walmart Inc. (NYSE: WMT) and UnitedHealth Group (NYSE: UNH) will partner to offer a range of health care services to seniors enrolled in Medicare Advantage plans. The 10-year collaboration will begin in January 2023 at 15 Walmart Health locations in Florida and Georgia and will gradually expand to new markets. The companies expect to serve […]
Texas Palliative Care and CHRISTUS Good Shepherd Health recently formed a partnership to expand access to serious illness care for patients and families in growing need. The palliative care partnership was rolled out last month with a goal to improve provider coordination and quality of these services across East Texas. Through the partnership, the two […]
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 […]
Disruption in home health reimbursement has an influence on the hospice mergers and acquisitions market, particularly among the rising number of companies offering both services. The most recent example is the 2020 implementation of the Patient-driven Groupings Model (PDGM). Uncertain about how this new payment system would impact their businesses, a number of strategic buyers […]
Many hospices have relied heavily on travel nurse agencies to reinforce their clinical teams during the pandemic. Now, a pair of bills currently before Congress would require a federal study of those agencies’ impact on health care. The Travel Nursing Agency Transparency Study Act would instruct the U.S. Government Accountability Office (GAO) to study the […]
Labor pressures are bearing down on LHC Group’s (NASDAQ: LHCG) patient volumes and revenue, hitting its home health segment harder than its hospice business. Workforce strains have put pressure on many providers’ capacity to accept patients, and Louisiana-based home health and hospice provider LHC Group is no exception. Labor costs are up across the board, […]
Hospice acquisition volumes and price tags have hit record highs for several years running. Now, the companies that performed well under the pandemic’s pressure may be drawing more interest from buyers. While a sizzling hospice market saw a cooled start this year, merger and acquisition activity is still outpacing other health care sectors. Demographic tailwinds, […]
More hospice and palliative care providers are pursuing joint ventures with hospitals and health systems. Joint ventures offer unique advantages compared to traditional referral streams, according to Aaron Stein, COO of Contessa Health, a subsidiary of Amedisys (NASDAQ: AMED). Joint ventures allow providers to develop integrated care models that build improved transitions of care, said […]
The Federal Trade Commission (FTC) is seeking information from UnitedHealth Group (NYSE: UNH) and LHC Group Inc. (NASDAQ: LHCG) regarding the ways minimum wage workers in the space bargain for higher wages. The UnitedHealth Group subsidiary Optum in March announced that it would acquire LHC Group for $5.4 billion, subject to customary regulatory approvals. “As […]
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 […]
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