Literature Review

Why Northwell wants to buy Nuvance Modern Healthcare, by Caroline Hudson; 3/6/24 The deal would create a system with 28 hospitals and more than 1,000 care sites across New York and Connecticut.Editor's Note: Access to this article requires a subscription.

IntellaTriage strengthens position as market leader through NurseLine acquisitionFOX WTNZ TV 43; 2/29/24IntellaTriage, the leading provider of after-hours nurse-first triage services for hospice and home health, is excited to announce its strategic acquisition of NurseLine, a prominent nationwide provider of hospice and home health triage services. The transaction was completed for an undisclosed sum and marks a significant step in IntellaTriage's commitment to enhancing patient care and streamlining healthcare delivery.

(Private Equity Issue) Anesthesiology group must cut ties with 5 hospitals: Colorado AGBecker's Hospital Review, by Alan Condon; 2/27/24Colorado Attorney General Phil Weiser has announced an agreement with U.S. Anesthesia Partners that resolves the private equity-backed company's alleged anticompetitive business practices that drove up prices for consumers receiving surgical anesthesia services.Publisher's note: Private equity concerns have impacted hospices the past few years. Private equity concerns in other fields are also catching our attention.

Legislation aims to increase scrutiny of private equity healthcare acquisitionsMcKnights Senior Living, by Lois A. Bowers; 2/27/24Legislation introduced ... in [California] would give the attorney general oversight of private equity and hedge fund acquisitions of long-term care and other healthcare facilities. Backers of AB 3129 say that it would “safeguard fair competition and root out anticompetitive practices by dominant corporations” as well as “ensure that the acquisitions are in the public interest.” Under the bill, the AG could grant, deny or impose conditions to a change of control or acquisition between a private equity group or hedge fund and a long-term care or other healthcare facility.

Top home health & hospice investors of 2023Levin Associates; 2/20/24The most active Home Health & Hospice investor during 2023 was The Pennant Group, which completed the year with five deal announcements across the home hospice, home health and multi-service specialties. The company made acquisitions in Arizona, Idaho, Oklahoma, Texas and Colorado. [Click on the title's link for more investors and extensive details.]

Centrica Care Navigators affiliates with NorthStar Care CommunityHospice News, by Jim Parker; 2/5/24Michigan-based Centrica Care Navigators has affiliated with the NorthStar Care Community, which also operates Hospice of Michigan and Arbor Hospice. ... Post-transaction, the combined nonprofit organization will care for more than 1,800 hospice patients across 60 Michigan counties, as well as nearly 900 palliative care patients, making it one of the largest nonprofit operators in the United States, according to Kelly McCormick, CEO of Centrica.

Predicting private equity’s involvement in home health care in 2024Home Health Care News, by Patrick Filbin; 2/2/24Health care’s share of global private-equity (PE) deal count peaked at 13.7% in 2020. Three years later, that number fell to 10.8% — its lowest level since 2015. Compared to the bustling activity of 2021, home-based care dealmaking was mostly sluggish in 2023 and has followed that same trend.

SSM Health assumes ownership of Visiting Nurse Association of Greater St. LouisSSM Health; 2/1/24SSM Health and Visiting Nurse Association of Greater St. Louis (VNA) announced today they’ve successfully completed a transfer of ownership of VNA’s health care services. Effective immediately, the exceptional services VNA is known for – including hospice care, Advanced Illness Management (AIM),community-based palliative care, private duty care, Visit-A-Bit, vaccination, wellness, and music appreciation programs – will now operate as part of SSM Health at Home.

Scrutinize private equity's involvement in health care: Higher prices, worse outcomes don't serve patients or providersThe Boston Globe, by The Editorial Board; updated 1/17/24... Private equity is not necessarily a bad form of ownership. It is often used to make companies more efficient. But it creates pressure to obtain short-term returns, and the strategies that pull profits from health care companies may not serve patients.

Fortis Health Further Grows Midwest Footprint With Latest AcquisitionHome Health Care News, by Joyce Famakinwa; 1/11/24Fortis Health has purchased Physiocare Home Health and Hospice, a Medicare-certified home health and hospice provider that operates in Indiana. Grant Avenue Capital — a middle-market private equity firm — provided the equity financing for the transaction.

New Day Healthcare acquires Compassion HospiceHospice News, by Jim Parker; 1/8/24The home health and hospice provider New Day Healthcare has acquired Texas-based Compassion Hospice for an undisclosed amount. The transaction expands New Day’s footprint to 29 locations, concentrated in Texas, Missouri, Kansas and Illinois. The company’s nearly 6,500 employees serve close to 100,000 patients annually across all of its business lines, including home health, hospice, pediatrics, clinical decision support and personal care. Compassion Hospice will not rebrand and will retain its current leadership.

St. Luke's merger will be 'the first of many' M&A deals in the hospital sector this yearMedCity News, by Katie Adams, 1/4/24On New Year’s Day, two Missouri health systems — St. Louis-based BJC HealthCare and Kansas City-based St. Luke’s Health System — officially completed their merger. The deal, which was first announced last May, combines the two organizations into one integrated academic health system. The merger was one of the biggest hospital M&A deals announced last year. The combined health system comprises 28 hospitals and hundreds of clinics serving 6 million people across Missouri, Illinois and Kansas. It is expected to generate $10 billion in annual revenue.

Pennant and John Muir Health enter into a home health joint venture in the Bay Area, CaliforniaGlobe Newswire; 1/2/24The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice, home care and senior living companies, today announced that it has closed on a home health joint venture with John Muir Health, a leading nonprofit integrated health system that serves communities throughout San Francisco’s East Bay Region. ... "Muir Home Health will bring together the deep experience of one of the Bay Area’s premier health systems with Pennant’s deep experience in managing and supporting the delivery of life-changing home health services, ..." said Brent Guerisoli, Pennant's Chief Executive Officer.