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.

What the UnitedHealth Group Antitrust Investigation means for Amedisys, home health industry Home Health Care News, by Andrew Donlan; 3/1/24 Since the news surfaced Tuesday that the Department of Justice had opened an antitrust investigation into UnitedHealth Group (NYSE: UNH), additional questions have bubbled up. Namely, those questions surround the home health provider Amedisys Inc. (Nasdaq: AMED), which agreed to be acquired by UnitedHealth Group’s Optum in June of last year.

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.]

Gabelli & Co Investment Advisers Inc. grows position in Amedisys, Inc.MarketBeat; 2/5/24Gabelli & Co Investment Advisers Inc. lifted its holdings in shares of Amedisys, Inc. ... by 405.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 162,973 shares of the health services provider's stock after buying an additional 130,723 shares during the period. Amedisys makes up 2.5% of Gabelli & Co Investment Advisers Inc.'s portfolio, making the stock its 12th biggest position. Gabelli & Co Investment Advisers Inc. owned about 0.50% of Amedisys worth $15,222,000 as of its most recent SEC filing.

Facing the future: Home health providers gear up for 2024’s value-based care, M&A landscapesHome Health Care, by Andrew Donlan; 2/1/24Home-based care providers have faced many headwinds over the past few years. They’ll continue to do so in 2024. But uncertainty has also plagued providers, and there may be less of that this year. Providers know the threat of fee-for-service Medicare cuts. They know Medicare Advantage (MA) penetration is an unstoppable force. They know staffing woes will be a mainstay, even if the labor market nominally improves.

StateServ announces acquisition of Delta Care RxPR Newswire; 1/22/2024StateServ, a leading provider of durable medical equipment ("DME") benefit management solutions to the post-acute care market in the United States, has completed its acquisition of Delta Care Rx ("Delta Care"), a national pharmaceutical care provider. Delta Care offers integrated pharmacy benefit management, mail order prescription, sterile/non-sterile compounding, and clinical pharmacist consulting to the hospice and palliative care markets. ... The unique combination forms a leading care-at-home data, technology, and service platform and the industry's first scaled DME and pharmacy solution.

Report adds to scrutiny of private equity-owned hospitalsModern Healthcare, by Mari Devereaux; 1/16/24Lifepoint Health and ScionHealth's ownership by Apollo Global Management is the focus of a report by a nonprofit formed to hold private equity buyers accountable for the impact their acquisitions have on services and communities.

PE firms adapting hospice 'roll-up' strategies Hospice News, by Jim Parker; 1/8/24Private equity firms in the hospice space are adapting their “roll-up” strategies as economic uncertainties persist. Roll ups are a common approach to private equity investment. This occurs when a firm buys a larger platform company and then gradually acquires smaller organizations to foster growth.

To affiliate or acquire: Trends in nonprofit hospice consolidationHospice News, by Jim Parker; 1/5/24Recent years have seen an uptick in consolidation activity among nonprofits in the hospice space. Increasingly, nonprofit s are pursuing acquisitions and affiliations, as well as forming regional collaboratives. To achieve these kinds of growth, hospices must consider whether they should affiliate or buy another company outright. Each approach comes with benefits and risks.

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.