St. Francis Reflections Lifestage Care and Treasure Coast Health on Tuesday completed their affiliation, a move nearly a year in the making after the two Florida-based nonprofits signaled they would join forces. Combined, the two organizations provide hospice and palliative care to more than 7,000 patients annually across Brevard, Martin, St. Lucie and Okeechobee counties […]
UnitedHealth Group’s President, COO Change UnitedHealth Group (NYSE: UNH) has announced the retirement of President and COO Dirk McMahon. The company has not yet named his predecessor. McMahon will step down on April 1 after more than two decades with the insurance giant reported in a recent Securities and Exchange Commission (SEC) filing. He most […]
A rich mix of hospice merger and acquisition (M&A) activity at the end of 2023 is fueling trends into next year. Hospice M&A activity has diverged from the frenzied pace set in recent years. The hospice space in the last five years has seen record-breaking multiples, a prevalence of private equity-backed platform transactions and large-scale […]
Investment trends in the hospice industry have meandered in recent years, impacting providers’ approaches to growth in 2024. The mix of hospice buyers has become more diverse during the past five years to include more private equity investors, large health and hospital systems and home health companies, along with payers. These trends will have lasting […]
Two Florida nonprofit hospice providers have signaled their intention to affiliate — St. Francis Reflections Lifestage Care and Treasure Coast Hospice. Combined, the two organizations serve patients in Brevard, Martin, St. Lucie and Okeechobee counties in their home state. Executives from St. Francis Reflections and Treasure Coast Hospice leadership expect the affiliation to complete in […]
Avow, Haven, St. Francis Reflections Lifestage Care and Treasure Coast Hospice have established the Synthase Collaborative in part to leverage their collective scale in value-based contract negotiations. The move is part of a growing trend among nonprofit providers. The collaborative is not a merger. Each of the hospices involved in Synthase will maintain its autonomy. […]
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