VITAS Launches New Florida Location VITAS Healthcare has opened a new location in Florida, expanding the hospice provider’s footprint in its home state. The Chemed Corp (NYSE: Chem) subsidiary recently announced the new office’s opening, located in Wesley Chapel, Florida. The location will serve as a hub for staff providing hospice services across Pasco County, […]
Improved patient and staff satisfaction are among the most significant returns on investment for hospices that are pouring greater resources into trauma-informed training. The ability to build a trusting relationship with patients and their families is a key skill set for any hospice professional to possess, but one that takes on a profoundly different meaning […]
VITAS Healthcare,a subsidiary of Chemed Corp. (NYSE: CHE), has expanded in California with two new locations. The company opened de novos in the Bakersfield and Fresno communities. VITAS first moved into California in 1995. In addition to hospice and palliative care, the new offices will provide veterans services, music therapy, pet visits, memory bears and […]
In a time of workforce shortages, hospices are seeking the “secret sauce” that will help keep employees on board and bring new people into their fold. To find the right mix, hospice providers that have achieved national recognition for employer best practices point to a particular secret ingredient — a supportive culture with open lines […]
VITAS Healthcare, a subsidiary of Chemed Corp. (NYSE: CHE), is reaping the benefits of this recent $85 million purchase of Covenant Health and Community Services hospice business, along with one assisted living facility location. The deal is structured as an asset purchase, which allows the buyer to assume liability for assets included in the transaction. […]
Legislators recently proposed to extend the telehealth flexibilities temporarily granted during the pandemic. These efforts come at a time when telehealth utilization is making waves in hospice staff and patient engagement, as well as operational efficiency and care coordination. Hospices have leveraged telehealth to a greater extent in recent years, with some seeing a range […]
When it comes to hospice acquisitions, buyers’ and sellers’ expectations on price tags are becoming more aligned. A surge of deals in 2021 and 2022 led to record-high valuations in the space with multiples reaching in excess of 30x in some instances. While many buyers were willing to pay that premium, some stepped out of […]
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 […]
VITAS Healthcare, a subsidiary of Chemed Corp. (NYSE: CHE), is gearing up for potential acquisitions. The company recently completed its $85 million acquisition of Covenant Health and Community Services’ hospice operations and one assisted living facility location. This was VITAS’ first deal in several years, largely due to record-high valuations in the space, Chairman and […]
Chemed Corp. (NYSE: CHE) subsidiary VITAS Healthcare is ramping up its strategic growth plans in both hospice and palliative care amid rising demand for these services. VITAS earlier this month completed its $85 million acquisition of Covenant Health and Community Services’ hospice operations and one assisted living facility location. Announced in March, the deal marked […]
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