Questions over which services are deemed related to patients’ terminal diagnosis in hospice care are crucial, and physicians’ determinations of those factors may be growing more complex. Medicare Conditions of Participation (CoPs) allow health care providers to receive payments for services and items that are considered unrelated to a hospice patient’s terminal illness and related […]
The Pennant Group (Nasdaq: PNTG) expects integration of its newly acquired assets from Amedisys and UnitedHealth Group (NYSE: UNH) to proceed without a hitch and become accretive in 2026. The Pennant Group in October closed its acquisition of former Amedisys and UnitedHealth Group hospice and home health locations in Tennessee, Alabama and Georgia. The deal […]
The Pennant Group (Nasdaq: PTNG) has closed its acquisition of former Amedisys and UnitedHealth Group (NYSE: UNH) hospice and home health locations in Tennessee, Alabama and Georgia. The deal includes 54 locations for a purchase price of $146.5 million. Most of these care centers are located in Tennessee, a certificate of need state. Approximately two-thirds […]
BrightSpring Health Services’ (Nasdaq: BTSG) health care provider businesses are undergoing a growth spurt, a trend that the company’s forthcoming acquisition of divested Amedisys locations may accelerate. The sale has been contingent on the closure of the UnitedHealth Group’s (NYSE: UNH) own acquisition of Amedisys, which had been delayed by an investigation and lawsuit by […]
The nation’s largest hospice companies are seeing significant hospice growth amid executive changes and rising interest in M&A. These are the key themes that emerged during this year’s second quarter earnings season, in which publicly traded home health and hospice companies report their financial results, guidance for the remainder of the year and other key […]
The Pennant Group (Nasdaq: PTNG) is expanding into the southeastern United States with the forthcoming purchase of agencies divested by Amedisys (Nasdaq: AMED) and UnitedHealth Group (NYSE: UNH). The sale has been contingent on the closure of the UnitedHealth Group’s own acquisition of Amedisys, which has been delayed by an investigation and lawsuit by the […]
Amedisys Inc. (Nasdaq: AMED) saw hospice revenue-per-day and costs-per-day both rise during the second quarter of the year. The company released its Q2 results on Wednesday with no associated conference call. Amedisys is in the process of being acquired by the insurance giant UnitedHealth Group (NYSE: UNH), which has been gummed up by legal and […]
Hospice has emerged as a growth engine for publicly traded home-based care companies, several of which are on the hunt for acquisitions. Hospice has buoyed growth for several companies as they battle home health-related headwinds, including reimbursement pressures. Companies like VITAS Healthcare, which only provide hospice and palliative care, also saw substantial growth. VITAS is […]
The U.S. Department of Justice (DOJ) has rejected the sale of Amedisys’ (Nasdaq: AMED) home health and hospice assets to BrightSpring Health Services Inc. (Nasdaq: BTSG) and The Pennant Group (Nasdaq: PNTG) as a remedy to an ongoing lawsuit. Amedisys earlier this month announced the divestiture of a number of its home health and hospice […]
The Pennant Group (Nasdaq: PNTG) saw home health and hospice reach an “all-time high” during the first quarter of 2021, as the company awaits the outcome of a potential deal to acquire divested locations from Amedisys (Nasdaq: AMED) and UnitedHealth Group (NYSE: UNH). The Pennant Group’s total revenue for Q1 reached $209.8 million, up 33.7% […]
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