Literature Review
All posts tagged with “Mergers & Acquisition News.”
National HME Acquires Hospice Source
12/07/23 at 04:00 AMNational HME Acquires Hospice SourceBusiness WireDecember 5, 2023Irving, TX—National HME, a leading provider of durable medical equipment solutions and services to hospice and alternate sites of care, today announced that it has acquired Hospice Source, a provider of medical equipment to hospice patients and facilities.
Lifepoint Health and Ascension Saint Thomas announce joint venture
12/06/23 at 04:00 AMLifepoint Health and Ascension Saint Thomas announce joint ventureHealthcare DiveDecember 4, 2023Rural hospital chain Lifepoint Health and Ascension Saint Thomas announced a joint venture last week to co-own Highpoint Health, a four-hospital system in Tennessee currently operated by Brentwood, Tennessee-based Lifepoint. The hospitals and care sites will be co-branded with Ascension Saint Thomas, but will be majority-owned and operated by Lifepoint, according to the release.
Hospice 36-month rule work-around not worth the risk, financial experts warn
12/05/23 at 04:00 AMHospice 36-month rule work-around not worth the risk, financial experts warnMcKnight’s Home Care DailyDecember 4, 2023Though the recently enacted 36-month rule presents another obstacle for hospice transactions, mergers and acquisitions experts encouraged buyers to play by the rules rather than push the boundaries of the new regulation. This so-called 36-month rule, which requires re-enrollment for providers that undergo a change in majority ownership within 36 months of initial Medicare certification, now covers hospice as part of the 2023 home health final rule. It had previously only applied to home health facilities.
Three historic California hospices to merge
12/05/23 at 03:55 AMThree historic California hospices to mergeMcKnight’s Home Care DailyDecember 4, 2023A blockbuster merger of three long-standing providers will create the largest independent nonprofit hospice network in northern California. By the Bay Health, Mission Hospice & Home Care and Hope Hospice, three providers with deep roots in their communities, disclosed the deal in a statement Friday.
InnovAge Acquires ConcertoCare PACE Programs
12/03/23 at 04:00 AMInnovAge Acquires ConcertoCare PACE Programs.Home Health Care NewsDecember 1, 2023InnovAge (Nasdaq: INNV), one of the largest providers of the Program of All-Inclusive Care for the Elderly (PACE) model, is expanding its footprint even further. On Friday, InnovAge announced it is acquiring two PACE programs in California from ConcertoCare, which is also a provider of home care and home-based primary care.[Editor’s Note: To read the InnovAge news release, click here.]
Principles Underlying Optum’s Home-Based Care Deals
12/03/23 at 04:00 AMPrinciples Underlying Optum’s Home-Based Care DealsHospice NewsNovember 29, 2023Optum Health’s home-based care acquisitions are designed to support an overarching goal of expanding value-based care and diversifying clinical capabilities. The UnitedHealth Group subsidiary in June penned an agreement to acquire Amedisys in an all-cash transaction of $101 per share, or about $3.3 billion. This followed its $5.4 billion acquisition of LHC Group, which closed in February. Company-wide, value-based care is a driving force behind UnitedHealth Group’s growth strategy, according to the company’s CEO, Andrew Witty. To further expand this model, the company will need to leverage scale and an expanded suite of services within its health care and insurance businesses. ... UnitedHealth Group is positioning Optum as a cornerstone of its growing home-based care infrastructure and expansion of value-based service delivery.
Walmart Reportedly Interested In Reviving Humana Deal Talks
12/03/23 at 04:00 AMWalmart Reportedly Interested In Reviving Humana Deal TalksHome Health Care NewsDecember 1, 2023Humana Inc. remained in the headlines Friday, this time after being linked to Walmart in potential deal talks.
Medical City Healthcare buys Wise Health System, increasing D-FW footprint
12/03/23 at 04:00 AMMedical City Healthcare buys Wise Health System, increasing D-FW footprintDallas Morning NewsDecember 1, 2023Dallas-based Medical City Healthcare has again expanded in North Texas with the purchase of Wise Health System, bringing the health system giant to 19 in-patient hospitals. Medical City, a division of HCA Healthcare in Nashville, announced the acquisition Friday, nearly a year after word surfaced of discussions with the Decatur, Texas-based hospital system.
Community Health Systems sells three Florida hospitals for $294M
12/03/23 at 04:00 AMCommunity Health Systems sells three Florida hospitals for $294MModern HealthcareDecember 1, 2023Community Health Systems sold three Florida hospitals to Tampa General Hospital in a $294 million cash deal that closed Friday, the for-profit health system announced. The transaction involves the 120-bed Bravera Health Brooksville in Brooksville, the 128-bed Bravera Health Seven Rivers in Crystal River and the 124-bed Bravera Health Spring Hill in Spring Hill, in addition to clinics and outpatient services.
The Pennant Group Buys Southwestern Palliative Care & Hospice
12/03/23 at 04:00 AMThe Pennant Group Buys Southwestern Palliative Care & HospiceHospice NewsDecember 1, 2023The Pennant Group Inc. has inked a deal to acquire Arizona-based Southwestern Palliative Care & Hospice for an undisclosed amount, adding to its existing presence in the state. Southwestern Palliative Care & Hospice provides home-based end-of-life and serious illness care to communities in Yuma, Arizona.[Editor’s Note: To read The Pennant Group news release, click here.]
HCA to buy bankrupt Texas hospital
12/02/23 at 04:00 AMHCA to buy bankrupt Texas hospital
CT presents draft settlement in YNHH-Prospect hospitals sale
12/02/23 at 04:00 AMCT presents draft settlement in YNHH-Prospect hospitals sale
By the Bay Health, Mission Hospice & Home Care, Hope Hospice to Complete Triple Merger
12/02/23 at 04:00 AMBy the Bay Health, Mission Hospice & Home Care, Hope Hospice to Complete Triple Merger
BJC, Saint Luke’s of Kansas City merger to close soon
12/01/23 at 04:00 AMBJC, Saint Luke’s of Kansas City merger to close soon
Cigna, Humana in talks for merger this year—WSJ
12/01/23 at 04:00 AMCigna, Humana in talks for merger this year—WSJ