A rich mix of hospice merger and acquisition (M&A) activity at the end of 2023 is fueling trends into next year. Hospice M&A activity has diverged from the frenzied pace set in recent years. The hospice space in the last five years has seen record-breaking multiples, a prevalence of private equity-backed platform transactions and large-scale […]
Texas-based Choice Health at Home LLC has inked a deal to acquire Lumicare Hospice, growing its presence in two current markets while establishing services in a new state. Financial terms of the deal were not disclosed. Lumicare Hospice has locations in Texas and Arizona, two states in Choice’s existing service region. The hospice also has […]
Traditions Health LLC has purchased Wichita-based hospice and home health provider Serenity Health Management for an undisclosed amount, giving the company a larger foothold in Kansas. While Traditions offers hospice in the Kansas City region, this transaction marks the entry of its home health business into the state. Traditions Health is a portfolio company of […]
Traditions Health, LLC has purchased Harwood Heights, Ill.-based Heritage Hospice and Palliative Care. This has been the company’s third consecutive year of completing multiple hospice transactions, including the acquisition of Homestead Hospice in Georgia earlier this month. Financial terms were undisclosed. Private equity-backed Traditions Health is a portfolio company of the family-owned investment firm Dorilton […]
Companies seeking to acquire hospices are keenly attuned to the sellers’ leadership team dynamics when making buying decisions. Amid staffing shortages and heightened regulatory scrutiny, buyers want to work with leaders who have a similar approach to workplace culture, quality and compliance, as well as business operations like marketing and revenue cycle management. The hospice […]
Private equity investors remain bullish on hospice with no signs of slowing down. However, with a number of high-profile transactions completed or in the works during 2020 and 2021, the number of hospices of scale that are likely to come to market is dwindling. During the next few years, PE firms will likely fix their […]
Traditions Health has acquired the Kansas City locations of Lumicare Hospice for an undisclosed sum. Lumicare operates in both the Kansas and Missouri sides of that metropolitan area. The transaction marks Traditions’ entry into both of those states. Private equity-backed Traditions Health is a portfolio company of the family-owned investment firm Dorilton Capital Advisors. Headquartered […]
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