Hospices are beginning to leverage technologies used to identify eligible patients in need to recruit and retain staff amid ongoing workforce shortages. Systems like artificial intelligence (AI), predictive analytics, and machine learning have helped providers identify eligible patients sooner in their disease process. Hospices are now applying those tools to help relieve industry-wide labor pressures. […]
Agape Care Group Appoints M&A VP Alex Ferguson has stepped into the role of senior vice president of mergers and acquisitions at Agape Care Group. The South Carolina-based hospice and palliative care provider is a portfolio company of the private equity firm Ridgemont Equity Partners. In his new role, Ferguson will assess and prioritize M&A […]
Philadelphia-based First Docs is poised for multi-state expansion after securing new investment dollars from the private equity firm Webster Equity Partners. First Docs is a physician-led internal medicine practice that offers a range of health care services and frequently collaborates with hospice, palliative care, and home health providers, among others. The amount of Webster’s investment […]
Former Landmark Health CEO Nick Loporcaro recently joined the Chicago-based private equity firm The Vistria Group as a senior operating partner. Vistria currently counts hospice provider Mission Healthcare in its portfolio. While Mission is Vistria’s only current hospice asset, the firm is a long-time investor in the hospice space. Late last year, Vistria sold Agape […]
Favorable demographics and rising demand are attracting a range of investors to the hospice space, with private equity leading the way in terms of deal volume. However, the fee-for-service payment model within the Medicare Hospice Benefit is also a key driver of buyers’ interest. Value-based payment programs have opened up to hospices in 2021. This […]
San Diego-based Mission Healthcare has purchased three hospice and home health agencies in its continuing push for multi-state expansion. The company’s newly acquired assets include Tender Care Home Health & Hospice and Sun Tree Hospice in Utah, as well as Hands of Hope Home Care & Hospice in Idaho. Financial terms were undisclosed. Mission is […]
California-based Mission Healthcare has acquired the multi-state home health provider Healthy Living Network. This will add 5,000 patients to Mission’s daily census as well as 36 new locations. The transaction furthers Mission’s growth trajectory, which includes the purchase of the Utah, San Francisco-area, and Ventura County, Calif., locations of Silverado Hospice last month for an […]
St. Croix Hospice has made its second acquisition in Illinois, a location of Silverado Hospice. St. Croix, a portfolio company of the private equity firm H.I.G. Capital, first entered the Illinois market with the purchase of Hospice Care of America in April. Financial terms of the transaction were not disclosed. California-headquartered Silverado Hospice is currently […]
San Diego-based Mission Healthcare has signed a definitive agreement to acquire Silverado Hospice locations in Ventura and San Mateo, Calif., and Salt Lake City. Mission’s footprint historically has been concentrated in southern California, but this year the home health and hospice provider is starting to push north. Financial terms of the transaction were undisclosed. Silverado […]
Chicago-based private equity firm The Vistria Group has agreed to recapitalize and invest in the growth of the post-acute data analytics and machine learning companies Muse Healthcare and Medalogix. Joining Vistria as minority investors are the home health and hospice providers LHC Group (NASDAQ: LHCG), Amedisys (NASDAQ: AMED), and Encompass Health (NYSE: EHC). The dollar amount […]
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