Publicly Traded Hospice Companies Poised for Deals

The nation’s publicly traded hospice companies are primed for more acquisitions after a 2023 slump, fueled by census and growth. Transaction volume declined in the hospice and home-based care space in 2023, following the two record-breaking prior years. Many expect a rebound in 2024, and stirrings in the public company space signal that may come […]

As Headwinds Rage, Large Hospice Companies Lay Groundwork for Potential 2023 Growth

Labor shortages and other headwinds have battered hospices during 2022, including large companies. Some of these providers are making near-term investments that cut into revenue but are expected to pay off in the long run. Providers are seeing troubles on multiple fronts, as reflected in third quarter earnings reports. This year brought the return of […]

Pennant Group Purchases Open Heart Hospice

The Pennant Group, Inc. (NASDAQ: PNTG) has acquired Amarillo,Texas-based Open Heart Hospice. The organization will rebrand as Kinder Hearts Hospice of Amarillo. Financial terms are confidential. The Pennant Group’s  (NASDAQ: PNTG) acquisition strategy is fueling growth in both the near- and long-term for the company’s home health and hospice segment. Pennant has been very active in […]

Pennant Group’s Acquisition Strategy to Fuel Long-Term Hospice Growth

The Pennant Group’s  (NASDAQ: PNTG) acquisition strategy is fueling growth in both the near- and long-term for the company’s home health and hospice segment. Pennant has been very active in the M&A market during the past two years, with additional transactions waiting in its pipeline.  Pennant, which owns and operates hospice provider Cornerstone Healthcare, was […]

Pennant Group Seeks Acquisitions Amid Record Hospice Growth

The Pennant Group (NASDAQ: PNTG) has a number of hospice and home health transactions in its pipeline as the company steps away from senior living acquisitions due to pandemic headwinds. While pursuing these deals, Pennant has seen substantial growth in its hospice and home health segment. Pennant in February increased its revolving line of credit […]

Pennant Bullish on Hospice, Home Health Acquisitions

The Pennant Group (NASDAQ: PNTG) plans to be an active acquirer during 2021 with an emphasis on hospice and home health targets. The hospice, home health and senior living provider increased its revolving line of credit by $75 million to a total $150 million this week, pledging to apply those resources to buying new operations. […]

Pennant Group Boosts Credit Facility to Fuel Acquisitions

The Pennant Group (NASDAQ: PNTG) has increased its revolving line of credit by $75 million to a total $150 million. The company indicated the bulk of the additional credit would be used for acquisitions, including hospice and home health assets.  Pennant, which owns and operates hospice provider Cornerstone Healthcare, was spun in 2019 off from […]

Encompass to Reposition Hospice, Home Health Business, Considering Spin Off

Encompass Health (NYSE: EHC) is considering a strategic repositioning of its business lines that could lead to a spin off of their home health and hospice services to a new, separate company. Other options under consideration include a potential merger, sale, initial public offering or other transaction. Encompass provides both facility-based and home-based patient care […]

Pennant Group Purchases Harmony Hospice in Nevada

The Pennant Group (NASDAQ: PNTG) has purchased Harmony Hospice in Las Vegas. Harmony was one of three affiliated hospices. Pennant Group acquired the other two earlier this year. The transaction closed on Oct. 1, and financial terms were kept confidential.  Pennant, which owns and operates hospice provider Cornerstone Healthcare, in 2019 was spun off from The […]

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 […]