As M&A in the for-profit space continues its two-year slump, nonprofits are consolidating in rising numbers. Recent years have seen an uptick in consolidation activity among nonprofits in the hospice space. Increasingly, nonprofits are pursuing acquisitions and affiliations, as well as forming regional collaboratives. In addition, some nonprofits have also been acquired by for-profit companies. […]
Mission Hospice & Home Care
An increasingly diverse base of health care providers have taken an interest in the palliative care space, a trend that could be indicative of how strategic growth is taking shape in the field. As they build out their palliative care programs, many of these organizations are pursuing partnerships to foster coordination and growth. A range […]
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 […]
Three independent providers — By the Bay Health, Mission Hospice & Home Care and Hope Hospice — will merge, becoming the largest nonprofit hospice network in northern California. By the Bay and Mission in September announced their plans to merge. In the intervening months, Hope Hospice also joined the transaction. The organizations indicated that joining […]
Nonprofit hospices should consider the benefits of collaborating or combining with like-minded organizations in order to ensure sustainable growth and reach more patients, Skelly Wingard, CEO of By the Bay Health, told Hospice News. Wingard became CEO in June following the departure of her predecessor, Kitty Whitaker. Established more than 45 years ago, By the […]
Hospice of the Foothills of Nevada County has joined the California Hospice Network, a regional collaborative of nonprofit providers. Though each California Hospice Network member remains a distinct, independent organization, the partnership enables the hospices to collaborate on best practices and improve efficiency through cost sharing and shared services. Hospice of the Foothills launched in […]
By the Bay Health and Mission Hospice & Home Care recently signed a letter of intent to merge the two California-organizations. Joining forces under one umbrella is a move to beef up their combined presence in an increasingly competitive hospice market, improve access to care and improve quality, according to spokespeople for By The Bay […]
Davis, Calif.-based Yolo Hospice has become the newest affiliate of the California Hospice Network (CHN). The network is a coalition of nonprofit hospices designed to support the growth of community-based hospice care and leverage their collective scale and resources in value-based payment programs. Though each California Hospice Network member remains a distinct, independent organization, the […]
With a new arena of payment options emerging in 2021, hospice providers are honing in on strategies to deliver value-based care amid a sea of risks. A heavier focus on advance care planning could be crucial for hospices making the play to participate in the Medicare Advantage demonstration project and Primary Care First payment models. […]
California Hospice Network (CHN), a coalition of nonprofit hospices in that state, is restructuring its leadership and operations and working hard to prepare for the entry of hospice into value-based payment programs in 2021, such as Medicare Advantage. Three California-based hospices — the Elizabeth Hospice in San Diego, Mission Hospice & Home Care in San […]