Interim Healthcare CEO Jennifer Sheets: CMS, OIG Should Want Longer Hospice Stays

When Interim HealthCare and Caring Brands International CEO Jennifer Sheets speaks about hospice length of stay, it “strikes a nerve.” A disconnect exists between the ways providers perceive hospice lengths of stay and the views of regulators. Generally, providers point out the research showing that stays of six months or longer correlate with improved patient […]

St. Croix Hospice Moves Into Indiana with Adaptive Deal

Minnesota-based St. Croix Hospice has been on a quest to conquer the Midwest through acquisitions and de novos. The company today announced its purchase of Adaptive Hospice from Help at Home, which brings St. Croix three new locations and a foothold in Indiana — the 10th state in their footprint. The hospice provider is a […]

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 Dealmaking Could Slow After Strong Q4

Last year finished with a flurry of hospice transactions, with private equity groups continuing to show ample interest in the space. Overall, there were at least 23 hospice-related deals in 2021’s fourth quarter, according to a recently released report from M&A advisory firm Mertz Taggart. That total is on par with the 23 that came […]

Wellspring Capital Acquires Caring Brands International

Private equity firm Wellspring Capital Management has acquired Caring Brands International, parent company of home health and hospice franchise company Interim Healthcare, for an undisclosed amount. The seller, PE outfit Levine Leichtman Capital Partners, purchased the company in 2015. Caring Brands is the seventh largest home-based care provider in the United States, in addition to […]