Hospital, Health System Activity a ‘Very Disruptive Point’ in Hospice M&A Landscape

More hospitals and health systems are stepping into the home-based hospice space, often seeing joint ventures as a promising route to a return on their investment. While there are several factors driving facility-based health care organizations to eye home-based care, more than anything, hospices and other providers should simply be aware that the “normal” look […]

Amedisys ‘On the Hunt’ for Deals, with PE Firms as Top M&A Competitors

Private equity (PE) firms represent the strongest competitors for strategic buyers in the hospice mergers-and-acquisitions market.  Hospice M&A activity cooled off across the board during the first quarter of 2022. In part, this is because a range of buyers scrambled to complete deals during late 2021 and are now focused on integrating those assets. But […]

[UPDATED] Humana to Sell 60% of Kindred at Home Hospice to CDR for $2.8B

Humana Inc. (NYSE: HUM) has signed a definitive agreement to sell a 60% stake in Kindred at Home’s (KAH) hospice and personal care business to the private equity firm Clayton, Dubilier & Rice (CDR) for $2.8 billion. Humana will retain the remaining 40%. Kindred at Home has been on a circuitous journey with Humana. The […]

Hospice M&A Slips in Q1, Valuations Stay High

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 […]

Payers Can ‘Feed Their Own Machine’ With Hospice, Home Health Deals

Recent acquisitions of large hospice and home health providers by insurance companies suggest a drive among payers to reduce financial risk and improve cost outcomes in value-based care arrangements. These deals include two of the largest in recent memory for the home-based care space. UnitedHealth Group (NYSE: UNH) recently agreed to purchase LHC Group (NASDAQ: […]

Hospice M&A to Stay Hot as Home Health Picks Up Steam

Mergers-and-acquisition activity continues to boom in the hospice space this year. Deal volume may exceed the record number from the prior two years. As many as 61% of the 203 hospice care professionals who responded to a recent Hospice News Outlook Survey and Report said they anticipate that hospice M&A activity will increase during 2022. […]

Aveanna, Advent International Reportedly Interested in Encompass Health’s ‘Enhabit’ Spinoff

Encompass Health Corporation (NYSE: EHC) last week announced it was keeping its options open on the potential sale or merger of its home health and hospice segment, Enhabit Home Health & Hospice. The spinoff saga continues to evolve, with new reports Monday naming Aveanna Healthcare Holdings (NASDAQ: AVAH) and global private equity firm Advent International […]

Hospice Operators Hunting for Non-Medical Home Care Deals

Hospice agencies have been in high demand in the health care mergers-and-acquisition market in recent years, particularly among private equity firms. As that trend continues, some hospices themselves are considering their own investments in businesses that can bolster their current services and bottom lines, including private-duty and non-medical home care care. A few factors are […]

Hospice M&A May Cool Down in 2022, Private Equity Influence to Expand

Mergers-and-acquisition activity in the hospice market has run hot in recent years, with valuations reaching another year of record-highs in 2021. Meanwhile, private equity activity hit record levels as well, with an affluence of investors that flowed into hospice waters during 2021. Despite these factors, the market may be cooling down this year as investors […]

HCA Healthcare Aiming to Make ‘Significant Strides’ on Hospice, Home Health Integration in Early 2022

HCA Healthcare Inc. (NYSE: HCA) – the big Nashville, Tennessee-based hospital network – is looking to make serious integration progress on the hospice and home health assets it purchased from Brookdale Senior Living Inc. (NYSE: BKD) last year. “We’re in the early stages of integration,” HCA CEO Sam Hazen said during a fourth-quarter earnings call […]