Hospital, Home-Based Admissions Rise for Vitas Healthcare

Hospital and home-based admissions for Vitas Healthcare — the hospice business of Chemed Corporation (NYSE: CHE) — increased during the third quarter of 2018, while nursing home and assisted-living facility admissions declined. Gains in hospital and home-based admissions largely overshadowed losses from the two other care settings, however, leading to sturdy Q3 financial results for […]

M&A and Financing Newsflash: Vitas Acquires Florida Hospice, Catawba Regional Hospice Rebrands

Vitas Healthcare Acquires Florida’s Hospice of Citrus and The Nature Coast Vitas Healthcare, one of the largest hospice providers in the United States, has acquired Hospice of Citrus and the Nature Coast (HOCNC) in Florida. Terms of the deal were not disclosed. Vitas Healthcare is an end-of-life care provider operating across 14 states and Washington, D.C. Vitas — […]

M&A and Finance News: Humana Completes Curo Purchase

Humana, PE Firms Finalize Curo Purchase Humana Inc. (NYSE: HUM) and private equity firms TPG Capital and Welsh, Carson, Anderson & Stowe have competed their previously announced $1.4 billion acquisition of Curo Health Services. Louisville-based based Humana and the two PE firms plan on combining Mooresville, North Carolina-based Curo with the hospice business of Kindred […]

VNSNY, Vitas Want to Fix the Racial Disparity in Hospice Care

Hospice has been a popular target on the mergers-and-acquisitions front, but the industry faces a demographic challenge when it comes to minority patients. The sector is plagued by very low utilization rates for minority patients, and the numbers appear only to be getting worse. About 87% of hospice patients are white, according to the most recent […]

Top 10 Home Health and Hospice Providers

Despite regulatory and operational challenges within the home health and hospice industries, competition remains strong, as evidenced in Chicago-based research firm LexisNexis’ 2017 Top 100 Home Health and Hospice Agencies Rankings. The 2017 rankings were compiled by LexisNexis Risk Solutions utilizing 2016 medical claims and patient volume data from the company’s proprietary “MarketView” claims database, […]

Movers & Shakers: VITAS, AngMar Holdings

VITAS Healthcare Appoints New COO VITAS Healthcare, an end-of-life care provider based in Miami, has named Joel Wherley as chief operating officer. In this role, Wherley reports to VITAS CEO Nick Westfall and oversees the operations of the company’s 44 hospice programs in 14 states, which reach more than 16,300 patients daily. Wherley has 30 years […]