Hospice & Palliative Care Today

Walmart Reportedly Interested In Reviving Humana Deal Talks

12/03/23 at 04:00 AM

Walmart 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 AM

Medical 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 AM

Community 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 AM

The 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.]

InnovAge Acquires ConcertoCare PACE Programs

12/03/23 at 04:00 AM

InnovAge 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 AM

Principles 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.