The home health, home care and hospice industries are barely exhibiting signs of life when it comes to M&A, sans a few active companies. Transactions were again historically low in the first quarter. Overall, only 12 total home-based care deals have been reported from the first quarter, according to data provided by the M&A firm […]
Category: Hospice
Home-based care dealmaking remains in a lull, one it hasn’t been able to shake since the historical M&A highs of 2020 and 2021. “We didn’t expect it to be that flat and that consistent for 2023,” Mark Kulik, senior managing director at M&A firm The Braff Group, said during a presentation at Home Health Care […]
At Addus HomeCare Corp. (Nasdaq: ADUS), the more recent ability to hire caregivers has been a major tailwind. “Being able to hire caregivers has turned around what we saw for a period of time during the pandemic, which was very little volume growth, but a lot of revenue growth from increases from states because of […]
Grand opening, grand closing. Hospice providers began to work with Medicare Advantage (MA) via the Value-Based Insurance Design (VBID) demonstration in 2021. At the end of 2024, the “hospice carve-in” model will cease. This will have an impact on home health providers who offer hospice services, obviously. But the failure of hospice’s fit within VBID […]
People who receive home health care during the last three years of their lives are more likely to utilize hospice care at the end of life. That’s according to a recent Rutgers Health study that was published in the Journal of Palliative Medicine. As part of the study, researchers examined a sample of over 2 […]
AccentCare’s new CMO AccentCare has promoted Dr. Balu Natarajan to the roles of executive vice president and chief medical officer (CMO), effective immediately. “In his almost two decades with our company, Dr. Natarajan has been an invaluable asset to our team, demonstrating exceptional leadership and medical expertise,” AccentCare CEO Laura Tortorella said in a statement. […]
Three California-based providers — By the Bay Health, Mission Hospice & Home Care and Hope Hospice — announced they will merge, creating the largest nonprofit hospice network in northern California. Leaders of all three agencies said the merger will make them stronger competitors in the marketplace, and also improve access to care in the communities […]
In October, National Association for Home Care & Hospice (NAHC) President William A. Dombi announced that his organization and the National Hospice and Palliative Care Organization (NHPCO) were planning to merge. The plan came with what Dombi described as an “aggressive timeline,” hoping the merger would be done by 2024. “It’s an aggressive timeline even […]
Best Life Brands names CFO Best Life Brands has appointed Kevin Vesely as its new chief financial officer. “We enthusiastically welcome Kevin to the Best Life Brands family to execute our continued success and financial health,” Best Life Brands CEO J.J. Sorrenti said in a press release. “His diverse experience, including private equity success and […]
Honor make four new additions to its leadership team Four new executives recently joined Honor’s leadership team. The new additions to the team include: Linn Free, who was named senior vice president of operations; Stefan Haney, who was named senior vice president of growth technology; Mark Privett, who was named vice president of design; and […]
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