Top 10 Largest Hospice Providers of 2020

Despite facing forceful pandemic-related headwinds from COVID-19, mergers and acquisitions and organic growth are fueling market share growth among the organizations listed in the LexisNexis 2020 Top Hospice Providers report. VITAS Healthcare, a subsidiary of Chemed Corp. (NYSE: CHE), led the charge as the largest hospice provider in the United States last year, with 4.42% […]

Hospice M&A Gained Momentum in Fourth Quarter 2020

The hospice, home health and home care sector saw a significant uptick in merger and acquisition transactions during the fourth quarter of 2020. About 51 deals took place in Q4 among those industries, according to a quarterly report by M&A advisory firm Mertz Taggart. Among the various segments of the health care industry, hospice continues […]

Webster Equity Partners Plans Sale of Bristol Hospice

Private equity firm Webster Equity Partners is considering the sale of Bristol Hospice, which operates 35 locations across 10 states, PE Hub has reported. Bristol’s EBITDA is in excess of $70 million, indicating that the company is about seven times larger than when Webster first acquired it in 2017, according to PE Hub. That degree […]

Hospice M&A Must Adapt to a Virtual World

Deals used to be sealed with handshakes and ink on a dotted line, but COVID-19 has turned these old-school practices into risky propositions. With little opportunity for travel or face-to-face meetings, the COVID-19 pandemic has impacted the ways hospice providers do business when it comes to mergers and acquisitions. Hospice M&A is striding forward at […]

P.E. Firm The Vistria Group Seeking Buyers for St. Croix Hospice

The Chicago-based private equity firm The Vistria Group is seeking a buyer for its portfolio company St. Croix Hospice, headquartered in Minnesota, according to a report from the Wall Street Journal. A spokesperson representing Vistria Group made no comment to Hospice News about its plans for St. Croix. St. Croix operates locations throughout Kansas, Minnesota, […]

Traditions Health Purchases Hospice with Grace for Undisclosed Sum

Hospice and home health provider Traditions Health, LLC has acquired Tomball, Texas-based Hospice with Grace, expanding the company’s footprint in the Houston region. Financial terms of the transaction were not disclosed. Traditions is a portfolio company of family-owned investment firm Dorilton Capital Advisors that operates in Texas, California and Arizona. The hospice provider has been on […]

Pandemic Slows Hospice M&A, but Resurgence Is on the Horizon

The hospice mergers and acquisitions market continued to be robust early in the first quarter of 2020 but took a sharp dive as companies shifted their attention towards responding to the COVID-19 pandemic and its economic fallout. A number of transactions, large and small, have occurred in May, which could signal a resurgence. The outlook […]

Hospice M&A Flourishes in Q1 Despite Outbreak

The first quarter of 2020 has borne out the expectation that the COVID_19 pandemic would have little impact on hospice mergers and acquisitions, at least in the short term. Close to 15 M&A transactions occurred during Q1. This slightly exceeds the 14 transactions that occurred during the fourth quarter of 2019 and beats the total […]

Rising Employee Insurance Costs Due to COVID-19 Could Hit Hospices

Analysts project that employer health insurance costs could rise by as much as 12% during 2020 as a result of the COVID-19 outbreak. A jump of that size could hit the hospice industry hard, with smaller, community-based organizations being most vulnerable.  The firm of Willis Towers Watson conducted an actuarial analysis of self-funded employers to […]

Experts Predict No COVID-19 Impact on Hospice M&A

During the last several years, the hospice mergers and acquisitions market has luxuriated in an upsurge in volume and valuations. The market strength displayed throughout 2016-2018 continued through the boom quarters of 2019, and the M&A advisory firms’ outlook for 2020 was positive. As 2019 closed, however, the firms’ partners could not have anticipated the […]