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All posts tagged with “Hospice Provider News | For-profit News.”



Ascension Living residents, employees among 6 million affected by data breach

01/07/25 at 03:00 AM

Ascension Living residents, employees among 6 million affected by data breach McKnights Senior Living; by Kathleen Steele Gaivin; 1/6/24 Senior living and care residents and employees are among the six million people Ascension said Dec. 19 that it was notifying of potential stolen personal information in the wake of a May 8 ransomware attack. The St. Louis-based nonprofit healthcare network, which includes Ascension Living, operator of three dozen senior living and care communities and also a provider of home care and hospice services, announced Dec. 19 that a review by third-party experts of the attack was complete. On that date, Ascension began notifying individuals whose personal information was involved and is providing them with free credit monitoring and identity protection services.

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Pennant completes acquisition of Signature Healthcare at Home assets

01/06/25 at 03:00 AM

The Pennant Group Closes $80M Signature acquisition Hospice News; by Jim Parker; 1/3/25 The Pennant Group Inc. (Nasdaq: PNTG) completed its $80 million acquisition of Signature Healthcare at Home’s hospice and home health assets. Pennant closed the deal on seven of Signature’s Oregon locations on Jan. 1. The company previously completed the purchase of Signature’s Idaho and Washington assets on August 1, 2024. Acquiring Signature will boost Pennant’s existing presence across three states. The purchase adds seven locations to the company’s footprint in Oregon, as well as multiple locations in four Washington cities and two cities in southwest Idaho. 

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Hospice M&A market to ‘return to sanity’ in 2025

01/06/25 at 03:00 AM

Hospice M&A market to ‘return to sanity’ in 2025 Hospice News; by Holly Vossel; 1/2/25The hospice mergers and acquisitions market has seen a host of changes in recent years, with buyers and sellers examining a range of risks and opportunities in the field this year. The industry saw a flurry of M&A activity in 2019 and 2020, with record high valuations and deal volume. Subsequent years saw cooling periods that left many operators wondering what’s next in store as 2025 unfolds. The previous “buy, buy, buy” mentality among hospice investors has morphed into a more disciplined strategic approach, according to New Day Healthcare LLC CEO G. Scott Herman. Certain lessons learned are driving future hospice investment decisions, particularly those around valuations and keys to sustainable growth, Herman said during a recent Hospice News Elevate podcast. [Click on the title's link to continue reading.]

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Now open: VITAS Healthcare inpatient hospice unit in Fort Worth

01/06/25 at 03:00 AM

Now open: VITAS Healthcare inpatient hospice unit in Fort Worth South Florida Hospital News and Healthcare Report; by cfelixcpa; 1/3/25Easier access to compassionate end-of-life care is now available for patients and families in Fort Worth and surrounding communities. The new freestanding VITAS Healthcare Inpatient Hospice Unit (IPU), located within five miles of the medical district, provides high-quality hospice services in a homelike environment for patients nearing the end of life. The IPU is expected to care for more than 500 patients each year, particularly those whose pain and symptoms cannot be managed effectively at home. A grand opening celebration was held to commemorate the addition to the Fort Worth community. 

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UnitedHealth Group waives deadlines to complete $3.3B home health acquisition

12/30/24 at 03:00 AM

UnitedHealth Group waives deadlines to complete $3.3B home health acquisition The MInnesota Star Tribune; by Brooks Johnson; 12/27/24 UnitedHealth Group has filed for more time to complete a $3.3 billion deal to buy Amedisys, a home health care and hospice company, after the companies agreed to waive deadlines in the face of antitrust scrutiny. The U.S. Department of Justice and several states last month sued to block the deal, alleging the merger would give the Minnetonka-based health care conglomerate a commanding stake in many areas. “ ... UnitedHealth and Amedisis agreed to waive two deadlines to complete the deal, according to a Securities and Exchange Commission document filed Friday. One would have given 10 days after a court ruling to complete the deal; the other gave the companies until the end of 2025. UnitedHealth will now have to pay $275 million if the company backs out of the deal, a $25 million increase, and that figure could rise to $325 million.

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Joining forces: 2024’s hospice investment, consolidation trends

12/20/24 at 03:00 AM

Joining forces: 2024’s hospice investment, consolidation trendsHospice News; by Holly Vossel; 12/18/24 Hospice investment trends took myriad routes this year, seeing a few common threads occurring among nonprofit and for-profit entities that hint at where the market may be heading. The scope of hospice deals in 2024 encompassed joint ventures and collaborative affiliations in addition to acquisitions. Some of these transactions were fueled by value-based reimbursement and unmet needs among underserved patients. Rising demand, workforce growth and organizational culture are three significant pieces driving much of the recent hospice merger and acquisition (M&A) activity, according to Andrew Molosky, president and CEO of Chapters Health System, a large Florida-based nonprofit hospice provider. 

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Providence’s joint venture with Compassus likely delayed amid concerns about patient care and rural access

12/20/24 at 03:00 AM

Providence’s joint venture with Compassus likely delayed amid concerns about patient care and rural access Home Health Care News; by Audri Martin; 12/19/24Oregon’s Health Care Market Oversight (HCMO) program is reviewing a proposal to spin off Providence’s home health and hospice services into a joint venture supported by private equity. ... OHA’s HCMO program evaluates health care business transactions to ensure they do not negatively impact citizens or communities. The program also empowers state regulators to impose conditions on acquisitions and mergers or reject deals they find anti-competitive. Critics of the deal argue that the joint venture will result in cost-cutting measures, increased staff workloads and reduced patient services. Providence is the fifth largest nonprofit health care provider in the United States, while Compassus is a private equity-backed provider of home-based care services operating in more than 30 states. 

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Oregon will review Providence's handoff of hospice, home health to private equity-backed firm

12/19/24 at 03:00 AM

Oregon will review Providence's handoff of hospice, home health to private equity-backed firm The Lund Report; by Nick Budnick; 12/17/24Providence Health’s plan to hand over hospice and home health services affecting thousands of patients to private equity-backed Compassus Health will undergo state review following questions raised by the Oregon Nurses Association, workers and members of the public. ... Now, after the Oregon Nurses Association sent a letter to the health authority’s director, Sejal Hathi, and members of the public weighed in with public comment, the Oregon Health Authority has decided to review the joint venture to see if it will hurt costs of care, access or employment and working conditions. The health authority’s decision to wade in on the latest deal is significant because the merger affects thousands of patients across multiple states, and yet Oregon has stronger legal authority than most states to stop it. The decision by the health authority represents the highest-profile known instance in which the agency has stepped in to require companies to formally apply for approval after they’d previously opted not to. 

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Cherish Hospice celebrates new location in Springfield

12/19/24 at 03:00 AM

Cherish Hospice celebrates new location in Springfield Springfield News-Sun; by Brooke Spurlock; 12/17/24 Cherish Hospice celebrated its new headquarters location at 1929 E. High St. in Springfield [OH] on Tuesday. Cherish officials said that since 2021, they have served hundreds of patients in Southwest Ohio, with a staff of more than 25 caregivers and a volunteer program. “This is a great symbol of us, how we’ve grown,” said Jason Casto, administrator for Cherish Hospice. “This is a ribbon cutting event to celebrate our growth and the fact that we plan to remain here in Springfield as a staple.”

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VITAS Healthcare unveils inpatient hospice unit at Lee Memorial Hospital

12/18/24 at 03:15 AM

VITAS Healthcare unveils inpatient hospice unit at Lee Memorial Hospital South Florida Hospital News and Healthcare Report, fort Myers, FL; by cfelixcpa; 12/16/24 Residents of Lee County now have access to dedicated end-of-life care at the new VITAS Healthcare Inpatient Hospice Unit at Lee Memorial Hospital, offering expert, patient-centered hospice services in the comfort of a homelike setting. This inpatient unit (IPU) is the only hospital-based hospice facility in the county and is the first VITAS IPU in Lee County and second in Southwest Florida. It is expected to serve more than 400 patients annually. ... The VITAS hospice unit at Lee Memorial features eight private patient rooms with internet access, flatscreen TVs, private bathrooms and overnight accommodations for loved ones. A shared family room provides space for visiting guests, and children’s activities keep little ones occupied.

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Santa Paula doctor sentenced to 2 years in federal prison for role in hospice fraud that bilked Medicare out of $3.2 million

12/18/24 at 03:00 AM

Santa Paula doctor sentenced to 2 years in federal prison for role in hospice fraud that bilked Medicare out of $3.2 million United States Attorney's Office - Central District of California; Press Release, Los Angeles, CA; 12/16/24 A Ventura County physician who worked for two Pasadena hospices was sentenced today to 24 months in federal prison for defrauding Medicare out of more than $3 million through claims for medically unnecessary hospice services. Dr. Victor Contreras, 69, of Santa Paula, was sentenced today by United States District Judge André Birotte Jr., who also ordered him to pay $3,289,889 in restitution. Contreras pleaded guilty on July 24 to one count of health care fraud. From July 2016 to February 2019, Contreras and co-defendant Juanita Antenor, 62, formerly of Pasadena, schemed to defraud Medicare by submitting nearly $4 million in false and fraudulent claims for hospice services submitted by two hospice companies: Arcadia Hospice Provider Inc., and Saint Mariam Hospice Inc. Antenor controlled both companies. Editor's note: This press release follows-up on the post we recently posted: Glendale woman and Lakewood man found guilty of $3.2 million hospice fraud scheme involving kickbacks for patient referrals. 

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Hospice utilization rebounds to pre-pandemic levels, but fraud casts a shadow

12/18/24 at 03:00 AM

Hospice utilization rebounds to pre-pandemic levels, but fraud casts a shadow Hospice News; by Jim Parker; 12/17/24 The nation’s hospice utilization rate among Medicare decedents has once again surpassed 50%, for the first time since the pandemic. However, fraud issues in the space create questions around the quality of care patients are receiving. Hospice utilization reached 51.7% in 2023, up more than two percentage points from the prior year, according to recent data from the Medicare Payment Advisory Commission (MedPAC). This is the highest rate since 2019. MedPAC observed increases in utilization across the board, even when stratified into subgroups by age, sex, race and rural or urban location. ... Despite these positive trends, an influx of new hospices continued in states considered hotbeds for Medicare fraud, including Arizona, California, Nevada and Texas. Many of these new additions came in areas where additional hospices were likely not necessary based on the needs of the patient population. Georgia also saw a large spate of new providers emerge in 2023.

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Why private equity healthcare investment may rise in 2025

12/17/24 at 03:00 AM

Why private equity healthcare investment may rise in 2025 Modern Healthcare - Mergers & Acquisitions; by Alex Kacik; 12/12/24 Private equity investment in healthcare is expected to pick up in 2025 but still fall short of the highs of 2021, merger and acquisition advisers said. Private equity-linked healthcare transaction volume is poised to rebound after a sluggish 2024 as interest rates cool, state-led oversight bills lose momentum and a new presidential administration begins. Corporate investors will likely prioritize deals that involve healthcare information technology and other administrative support services over physician practices, industry observers said. 

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Anvoi Hospice now serving Tangipahoa Parish

12/17/24 at 03:00 AM

Anvoi Hospice now serving Tangipahoa Parish The Daily Star, Hammond, LA; 12/13/24 Anvoi Hospice has announced that they are bringing their specialized hospice care to Hammond, Ponchatoula and the surrounding area. Their goal is to provide care for the patient and the whole family with an emphasis on dignity, compassion and comfort, according to a press release. Anvoi Hospice was founded in 2013 and serves the Greater New Orleans area, including Tangipahoa and St. Tammany parishes. “We are honored to bring our services to this community,” said Angelique Richardson, Anvoi Health Care CEO. ... Anvoi Hospice has been named one of the “Best Places to Work” by New Orleans City Business Magazine.

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2023 hospice index scores, by state

12/17/24 at 02:00 AM

2023 hospice index scores, by state Becker's Hospital Review; by Elizabeth Gregerson; 12/11/24 In 2023, the District of Columbia had the lowest hospice care index score among states while Maryland had the highest, according to CMS data released Nov. 26.  CMS collected state data between Jan. 1 and Dec. 31, 2023, on the quality of patient care measures, including facility observed rates of hospice care. Hospices earn points for each of the 10 claims-based indicators they meet between admission and discharge. Here are the hospice care index overall scores for each state: [listed in alphabetical order].

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Humana in the headlines: 10 updates

12/16/24 at 03:00 AM

Humana in the headlines: 10 updates Becker's Payer Issues; by Andrew Cass; 12/10/24 From Cigna quashing merger speculation to naming a new CFO, here are 10 updates on Humana that Becker's has reported since Oct. 30: 

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Glendale woman and Lakewood man found guilty of $3.2 million hospice fraud scheme involving kickbacks for patient referrals

12/16/24 at 03:00 AM

Glendale woman and Lakewood man found guilty of $3.2 million hospice fraud scheme involving kickbacks for patient referrals United States Attorney's Office - Central District of California, Los Angeles, CA; Press Release; 12/12/24A Glendale woman and a Lakewood man have been found guilty by a jury of paying and receiving hundreds of thousands of dollars in illegal kickbacks for patient referrals that resulted in the submission of approximately $3.2 million in fraudulent claims to Medicare for purported hospice care, the Justice Department announced today. Nita Palma, 75, of Glendale, was found guilty late Wednesday of 12 counts of health care fraud and 16 counts of paying illegal kickbacks for health care referrals. Percy Abrams, 74, of Lakewood, also was found guilty late Wednesday of six counts of receiving illegal kickbacks for health care referrals. ... Consistent with instructions provided by Palma, Abrams falsely represented to prospective patients that they did not need to be dying to be on hospice. After collecting personal identifying information from prospective patients that were not dying, Abrams sent the information to Nita Palma so she could bill Medicare for purported hospice care.Editor's note: Caution. How many hospices have misused information about President Jimmy Carter's long Length of Stay (LOS) to purport similar messaging that "hospice is not about dying"? Too often, articles we would review used "not about dying" language and never mentioned anything about ongoing clinical review for hospice appropriateness, 6-month Face to Face visits, et al. 

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ONA accuses Providence of trying to sidestep state regulators as it partners with private equity

12/16/24 at 03:00 AM

ONA accuses Providence of trying to sidestep state regulators as it partners with private equity Oregon Nurses Association; by ONA; 12/12/24 The Oregon Nurses Association (ONA) sent a letter to the Oregon Health Authority asking them to intervene in the recently proposed joint venture between Providence Health and private equity-backed Compassus to manage Providence’s home health and hospice program. The full letter is included below. Providence announced the so-called joint venture in October but has failed to file the proper paperwork with Oregon’s Healthcare Market Oversight (HCMO) to allow state regulators time to review the sale. Concerns from patients and caregivers have already been raised about transparency, patient care, and the potential negative effects on health outcomes in Oregon’s vulnerable communities with this joint venture.

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Vitas Healthcare unveils inpatient hospice unit at Franciscan Health Olympia Fields

12/13/24 at 03:15 AM

Vitas Healthcare unveils inpatient hospice unit at Franciscan Health Olympia Fields GlobeNewswire, Chicago, IL; Press release; 12/12/24 Residents of Olympia Fields and Chicagoland’s surrounding southern suburban communities can now access quality end-of-life care at the VITAS Healthcare Inpatient Hospice Unit at Franciscan Health Olympia Fields. Located on the second floor of the hospital at 20201 South Crawford Ave., this new facility is expected to serve more than 500 seriously ill patients each year. “We are grateful to have this hospice unit as part of our hospital campus, where we can provide compassionate care to patients and families during one of life’s most sacred and challenging times,” said Raymond Grady, president and chief executive officer of Franciscan Health Olympia Fields. “This unit meets a critical need in our community, offering comfort, dignity and spiritual support to those at the end of life.”

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New Day Healthcare acquires Good Samaritan Society’s hospice operations

12/13/24 at 03:00 AM

New Day Healthcare acquires Good Samaritan Society’s hospice operations Hospice News; by Holly Vossel; 12/11/24 Texas-based New Day Healthcare LLC has announced its acquisition of Good Samaritan Society’s hospice operations in its home state. The financial terms of the deal were undisclosed. The transaction includes Good Samaritan’s hospice assets in El Paso, Texas, expanding New Day’s existing presence in that market. The deal marks an important strategic move as New Day Healthcare ramps up M&A activity in the near future, according to CEO and Founder G. Scott Herman.

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Hospice's legacy carried on by new local ownership

12/13/24 at 03:00 AM

Hospice's legacy carried on by new local ownership PRLOG Press Release Distribution, Meridian, ID; by Doctor's Hospice of Idaho; 12/11/24 The locally owned and operated hospice facility known for its dedication to celebrating the lives of patients and providing exceptional care, Doctor's Hospice of Idaho, announced that they have been acquired by Kristopher Stice, Capital Eleven and Willowbridge Group. This strategic move marks a significant step towards further enriching the local hospice care landscape while continuing the legacy established by Cody Freston. "We are thrilled to embark on this journey with Doctor's Hospice of Idaho, a facility deeply rooted in the community it serves. Our vision is to build upon the legacy established by Cody Freston and bring a renewed focus on patient care and employee well-being." said Ashley Copeland, newly appointed CEO/Administrator of Doctor's Hospice of Idaho. "By combining our years of experience in hospice care with the values upheld at Doctor's Hospice of Idaho, we aim to create a world-class hospice that starts from within."

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Coaching and caring for others with Meredith Damore

12/12/24 at 03:00 AM

Coaching and caring for others with Meredith Damore Teleios Collaborative Network (TCN); podcast hosted by Chris Comeaux; 12/11/24 In this episode of the Anatomy of Leadership podcast, Meredith Damore, Elevate’s SVP of Organizational Effectiveness and Managing Director, Consulting for Elevate Talent, and Chris discuss various topics related to leadership and organizational effectiveness. Meredith has spent a large portion of her career taking coaching and leadership into the private equity world to help start ups be more successful.  A great quote from their time together was a definition of culture that Meredith uses from Carolyn Taylor, “Culture is the patterns of behavior that are encouraged, discouraged, tolerated and not tolerated, most often starting with a leadership team and exhibited broadly by people and systems within an organization over time.” Editor's note: Telios Collaborative Network (TCN) is a sponsor of our newsletter.

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Gentiva Hospice sues Bristol Hospice over noncompete violations in Maine

12/11/24 at 03:00 AM

Gentiva Hospice sues Bristol Hospice over noncompete violations in Maine PressHerald.com; 12/7/24 Gentiva Hospice has filed a federal lawsuit against Bristol Hospice, claiming that a former employee shared confidential information to help Bristol establish a competing operation in Bangor, Maine. The lawsuit alleges violations of noncompetition and confidentiality agreements.

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VitalCaring’s PE backers considering appeal of Encompass, Enhabit lawsuit

12/09/24 at 03:00 AM

VitalCaring’s PE backers considering appeal of Encompass, Enhabit lawsuit Hospice News; by Jim Parker; 12/6/24 Nautic Partners and The Vistria Group, the private equity backers of home health and hospice provider Vital Caring, are mulling a potential appeal of a federal court’s recent decision in a dispute with Encompass Health (NYSE: EHC) and Enhabit Inc. (NYSE: EHAB). A federal judge in Delaware on Monday ordered VitalCaring, Nautic and Vistria to share 43% of future profits Encompass Health and Enhabit Inc. The two companies allege that the founders of VitalCaring, including CEO April Anthony, used unethical practices to get the company off the ground, adversely affecting the two plaintiffs. Anthony previously served as CEO of Encompass Health’s home health and hospice segment. The two private equity firms, co-defendants in the lawsuit, are now considering their legal options.

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Killing of UnitedHealthcare CEO brings resentment of the health care system to the fore

12/09/24 at 03:00 AM

Killing of UnitedHealthcare CEO brings resentment of the health care system to the fore STAT Business, Boston, MA; by Bob Herman and Tara Bell; 12/6/24 The targeted killing of UnitedHealthcare CEO Brian Thompson has become a defining moment in the zeitgeist of American health care. The attack was a tragedy that adds to the country’s grim tally of gun deaths. But instead of eliciting sympathy, it opened the floodgates for an outpouring of rage, captured across social media and online forums, over the health care system — one that charges people the highest prices in the world, erects financial and bureaucratic barriers to getting care, and has plunged millions of people into debt. Social media posts have ranged from mournful to apathetic to joyful, including morbid celebrations of Thompson’s death. That deluge has forced people across the country to grapple with two heavy subjects at once: the callousness of a slaying, and an undercurrent of deep-seated anger at a health care industry that makes a lot of money by exploiting Americans. ... [Click on the title's link to continue reading.]

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