Changes in the marketplace have made further acquisitions by VITAS Healthcare more likely. VITAS, a subsidiary of Chemed Corp. (NYSE: CHE), recently announced its first deal in several years, the $85 million purchase of hospice assets from Covenant Health. While the company does not comment on its specific acquisition plans or its pipeline, VITAS may […]
Addus HomeCare Corporation (NASDAQ: ADUS) has acquired Chicago-based Apple Home Healthcare, Ltd., for an undisclosed sum. Texas-based Addus has more than 200 locations across 22 states, including Illinois. The state is one of three in which Addus offers its trifecta of business lines — personal care, home health and hospice. The company’s growth sights have […]
Addus HomeCare Corp (NASDAQ: ADUS) is gaining traction in its integration of JourneyCare as it works to build a larger continuum of coordinated care. Addus completed its $85 million acquisition of Illinois-based nonprofit JourneyCare last month. Serving 750 patients daily in 13 counties, the organization is among the largest hospice providers in that state. The […]
Hospice providers now compete for new hires as fiercely as they do for market share. And with that competition heating up this year, the largest home health and hospice companies are streamlining their recruitment and onboarding processes to enable more clinicians to hit the ground running. In tandem with those initiatives, hospice employers are enhancing […]
This will be another active year for acquisitions at Addus HomeCare Corp (NASDAQ: ADUS), as the company seeks to build out its care continuum from personal care to home health and hospice. A goal for Addus is greater coordination between its three business lines to allow for timely and smooth transitions of care, according to […]
Merger and acquisition activity in the hospice and home health care space has been exploding in recent years as investors from all walks dive into these markets. Hospice deals have been moving forward at a record pace. As providers contend with widespread workforce shortages, buyers are paying close attention to leadership teams, staffing levels and […]
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