Charter Health Care Group Acquires Providence Home Health & Hospice

Charter Health Care Group has acquired Providence Home Health & Hospice in Houston, Texas, for an undisclosed sum. This is the company’s sixth acquisition since early 2020. Charter is a portfolio company of Pharos Capital Group, based in Dallas and Nashville. Charter provides a range of senior care services that includes hospice, home health complex […]

Health System Investment in Hospice Unlikely to Become A Trend

Despite recent hospice and home-based care acquisitions involving health systems, such transactions are unlikely to become a common practice during 2021 and 2022. However, health systems are taking a closer look at companies that provide non-medical assistance to help seniors age in place.  Firms that guide providers through the mergers and acquisitions processes are not […]

SPACs Build Momentum in Hospice M&A Market

Rising interest from special-purpose acquisition companies (SPACs) could make competition in an already active hospice M&A market more fierce in coming years. Like private equity and other investors, SPACs are drawn to hospice by surging demographic tailwinds from the aging population.  SPACs are formed with the sole intent of raising capital for the purpose of […]

Bristol Hospice Sale Moves Into Second Round of Bids

The sale of Bristol Hospice by private equity backers Webster Equity Partners is moving into the second face of the acquisition process. The remaining bidders are all private equity firms, with strategic buyers stepping out of the process after the first round, which took place last week, PE Hub reported. Bids are reportedly reaching as […]

Private Equity Investment in Hospice Hits All-Time High, Valuations Rising

Private equity interest in the hospice sector has been gaining momentum in recent years, raising the stakes in hospice deals and stepping up competition for acquisition targets. Private equity transactions and an influx of new deals during 2021 could drive up hospice valuations that have already reached record highs. The hospice market remained extremely active […]

Webster Equity Partners Plans Sale of Bristol Hospice

Private equity firm Webster Equity Partners is considering the sale of Bristol Hospice, which operates 35 locations across 10 states, PE Hub has reported. Bristol’s EBITDA is in excess of $70 million, indicating that the company is about seven times larger than when Webster first acquired it in 2017, according to PE Hub. That degree […]

Rising Demand, Value-Based Payment Reshaping Hospice Landscape

While a growing demand for end-of-life care has been a major force pushing hospice to the forefront of the health care mergers and acquisitions marketplace, evolving payment models and COVID-19 headwinds have been hurdles to building up investor interest in 2020. Despite the unknowns ahead, hospice market is expected to burgeon. Among the various sectors […]

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 […]

Hospice Mergers and Acquisitions Outlook for 2020

Demographic growth and the availability of capital are among a handful of forces driving a robust mergers and acquisitions market in the hospice space, motivating companies to make acquisitions at a relatively brisk pace. From 2016 to 2018, the hospice M&A space saw more than 10 transactions of $250 million or more in total enterprise […]