In 2022, the hospice community laid the groundwork for a transformational 2023. This year saw industry-changing acquisitions, some of the worst labor headwinds to date, the return of sequestration and a sometimes volatile national economy. During late 2021 and 2022, the U.S. Centers for Medicare & Medicaid Services (CMS) developed new approaches for enforcing hospice […]
The U.S. health care system is in a state of flux, as the home gains prominence as a care setting and value-based payment builds momentum. Recent deals by UnitedHealth Group’s (NYSE: UNH) Optum subsidiary demonstrate a willingness to change with the times. UnitedHealth Group is positioning Optum as a cornerstone of its growing home-based care […]
A recent federal court decision that cleared the way for UnitedHealth Group’s (NYSE: UNH) forthcoming purchase of Change Healthcare (NASDAQ: CHNG) is a positive sign for the insurance company’s pending acquisition of LHC Group (NASDAQ: LHCG). The U.S. Department of Justice sought to block the $13 billion Change Healthcare transaction on anti-trust grounds, alleging that […]
Walmart Inc. (NYSE: WMT) and UnitedHealth Group (NYSE: UNH) will partner to offer a range of health care services to seniors enrolled in Medicare Advantage plans. The 10-year collaboration will begin in January 2023 at 15 Walmart Health locations in Florida and Georgia and will gradually expand to new markets. The companies expect to serve […]
More hospice and palliative care providers are pursuing joint ventures with hospitals and health systems. Joint ventures offer unique advantages compared to traditional referral streams, according to Aaron Stein, COO of Contessa Health, a subsidiary of Amedisys (NASDAQ: AMED). Joint ventures allow providers to develop integrated care models that build improved transitions of care, said […]
LHC Group (NASDAQ: LHCG) shareholders overwhelmingly approved the acquisition of the company by UnitedHealth Group (NYSE: UHG) subsidiary Optum for $5.5 billion. Optum announced the forthcoming deal in April. The purchase agreement stipulates that UnitedHealth Group will acquire LHC Group’s common stock for $170 per share. The companies expect the transaction to close during the […]
As LHC Group’s (NASDAQ: LHCG) pending $5.5 billion acquisition by UnitedHealth Group (NYSE: UNH) unfolds, the home health and hospice provider is seeing resurgent admissions growth despite persistent workforce pressures. LHC Group saw a contraction in the nursing labor market across its business segments during the second half of last year, President Joshua Proffitt previously […]
Paradigm Health CEO and founder retires After nearly a decade at the helm of Paradigm Living Concepts LLC (Paradigm Health), President and CEO Jeff Jarecki is stepping into retirement. Michelle Pickering will take the reins of the Indiana-based hospice and palliative care provider. Jarecki founded Indiana-based Paradigm Health in 2013. The company cares for more […]
Deal volume in hospice and home health took a dive during the first quarter of 2022, though the dollar amounts in those acquisitions appear to be rising. A total of 30 transactions occurred during Q1 this year in the hospice and home health space, compared to 41 deals in Q4 of last year, according to […]
Value-based payment, care in the home and technology are some of the pillars on which UnitedHealth Group (NYSE: UNH) and its subsidiary Optum Health are building their future. That’s evidenced by the forthcoming $5.5 billion acquisition of LHC Group (NASDAQ: LHCG). One outstanding question, however, is where hospice will fit into this rubric. Generally speaking, […]
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