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



10 of the largest US healthcare companies by revenue - 2024

02/15/24 at 03:00 AM

10 of the largest US healthcare companies by revenue - 2024Becker's Hospital Review, by Laura Dyrda; 2/9/24Below is a list ranking 10 of the largest healthcare copmanies, including health plans and systems, by revenue over the most recent four quarters.

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Hospice provider BrightSpring begins trading on NASDAQ

02/07/24 at 03:30 AM

Hospice provider BrightSpring begins trading on NASDAQHospice News, by Jim Parker; 1/29/24BrightSpring Health Services, Inc. has begun trading on the NASDAQ under the stock symbol BTSG. BrightSpring is a home- and community-based health care services platform that serves more than 400,000 patients daily.Notable mentions: Jon Rousseau, CEO BrightSpring.

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Hospice providers must be better regulated

01/25/24 at 03:00 AM

Hospice providers must be better regulatedScientific American, 2/1/24 (also ran last week)Too many hospice providers in the U.S. are run by private equity and for-profit corporations. A lack of regulation allows them to provide abysmal end-of-life care.

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Coastal Hospice & Palliative Care hit with data breach of patient information

01/25/24 at 03:00 AM

Coastal Hospice & Palliative Care hit with data breach of patient informationThe Daily Record (MD); 1/23/24Salisbury-based Coastal Hospice & Palliative Care on Tuesday reported a data security incident that involved some of its patient data including certain personal and protected health information. Coastal Hospice has sent notification of this incident to potentially affected individuals and provided resources to assist them.

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Hospice investors to watch in 2024

01/23/24 at 04:00 AM

Hospice investors to watch in 2024Hospice News, by Jim Parker; 1/19/24Though the number of hospice M&A deals plummeted in 2023 compared to prior years, deals are still being made, and the industry may see a rebound in 2024.

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'Snow was up to my knees': Iowa hospice nurse walks through blizzard to reach patient

01/22/24 at 04:00 AM

'Snow was up to my knees': Iowa hospice nurse walks through blizzard to reach patientKETV (NE), by Maddie Augustine; 1/20/24Iowa — Communities across Nebraska and Iowa have felt the impact of recent snowfall and below-zero temperatures, but that weather didn't stop one Iowa hospice nurse. Tiffany McArdle, hospice nurse for St. Croix Hospice, told KETV that in her seven years of working as a hospice nurse, she never imagined she would be walking through a blizzard to reach a patient, but she said she never doubted she would find a way to make it to the family in need on Sunday.

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KKR-backed BrightSpring targets $3 billion valuation for long-awaited US IPO

01/19/24 at 04:00 AM

KKR-backed BrightSpring targets $3 billion valuation for long-awaited US IPOReuters; 1/17/24KKR-backed BrightSpring Health Services set a target of an around $3.01 billion valuation on Wednesday for its long-awaited initial public offering in the United States. The company, which caters to patients facing complex or chronic medical conditions, is moving towards a listing after previously pursuing it in 2021.

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New Day Healthcare acquires Compassion Hospice

01/10/24 at 04:00 AM

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.

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To affiliate or acquire: Trends in nonprofit hospice consolidation

01/08/24 at 03:00 AM

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.

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Pennant and John Muir Health enter into a home health joint venture in the Bay Area, California

01/04/24 at 03:55 AM

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.

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Brookdale Sells 20% Stake in Hospice, Home Health JV with HCA

12/29/23 at 03:47 AM

Brookdale Sells 20% Stake in Hospice, Home Health JV with HCAHospice NewsDecember 27, 2023Brookdale Senior Living has sold its remaining 20% stake in its hospice, home health and therapy joint venture with HCA Healthcare for $27 million. The company did not name the buyer. The joint venture formed in 2021 when the senior housing operator sold an 80% stake in its health care services segment to HCA, a large hospital operator, in a $400 million transaction. 

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Hospice brings holiday joy to senior center residents

12/27/23 at 03:20 AM

Hospice brings holiday joy to senior center residentsNewburyport (MA) NewsDecember 25, 2023Lorraine Kawiecki’s nursing home room was decorated with tinsel, a shiny elf and a wreath. The 93-year-old received gifts of a stuffed dinosaur comfort toy, a yellow-and-white handmade blanket and—of course, her favorite snack—animal crackers. Santa’s helpers this year, though, looked a little different. Compassus, a North Andover-based hospice organization, paid Kawiecki and others a visit for the holidays, making sure that even the people with family far away or maybe without any at all still have a merry Christmas. ... "Companionship through hospice programs like Compassus are integral to a senior’s Christmas season," [Joe] Peterson [the area executive of clinical operations at Compassus] said. “Volunteers really bring life to our program and to our patients,” he said.

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NAHC and NHPCO Announce Transition Board of Directors

12/23/23 at 03:20 AM

NAHC and NHPCO Announce Transition Board of DirectorsNews ReleaseDecember 21, 2023Alexandria, VA, and Washington, DC—The National Association for Home Care & Hospice and the National Hospice & Palliative Care Organization jointly announced today that they have developed a proposed slate of Transition Board of Directors and officers for 2024. The Transition Board will oversee the transition to a new, consolidated organization pursuant to its ratification by both associations’ Boards of Directors in an agreement to combine which is contemplated in early 2024. ... The proposed Transition Board was selected collaboratively by the boards of NAHC and NHPCO and represents the full breadth of the patient-centered healthcare sector providing care in homes and communities nationwide, with wide-ranging expertise, demographic and geographic diversity, varied organizational tax statuses, and other criteria. The Transition Board includes equal representation from NAHC and NHPCO ... The proposed Transition Board is as follows:

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LCHD head defends hospice program budget

12/21/23 at 03:40 AM

LCHD head defends hospice program budgetPen City Current (Fort Madison, IA)December 19, 2023Fort Madison, IA—It would appear that a push by some on the Lee County Board of Supervisors to get out of the hospice business is at a stand still. At Monday’s regular meeting of the board, Keokuk resident Mary Jo Reisberg and an employee of the health department advocated for the county staying in the hospice business to make sure that every county resident has a choice for care. ... Several members of the board, including Chairman Garry Seyb, said they don’t think the county should be engaged in business that competes with private for-profit companies. 

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VITAS® Healthcare Wins Award for Best-in-Class Employee Experience Across Healthcare in North America

12/20/23 at 03:48 AM

VITAS® Healthcare Wins Award for Best-in-Class Employee Experience Across Healthcare in North AmericaNews ReleaseDecember 18, 2023Miami, FL—VITAS Healthcare is once again setting the standard for employer excellence within the healthcare and hospice community. The nation’s leading provider of end-of-life care for 45 years achieved the Best-in-Class Award in the category of employee experience in healthcare for North America, presented at the 2023 HRO Today Association Conference on December 1, 2023. 

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Chemed Corporation Announces the Appointment of Michael D. Witzeman as CFO

12/20/23 at 03:02 AM

Chemed Corporation Announces the Appointment of Michael D. Witzeman as CFOBusiness WireDecember 18, 2023Cincinnati, OH—Today Chemed Corporation’s Board of Directors has appointed Michael D. Witzeman as Chief Financial Officer, effective January 1, 2024, following the retirement of David P. Williams from that role. Mr. Witzeman is currently Chemed’s Vice President and Controller and serves as Chemed’s principal accounting officer. 

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Halfacre Construction Company Celebrates Groundbreaking for Gulfside Hospice

12/19/23 at 03:48 AM

Halfacre Construction Company Celebrates Groundbreaking for Gulfside HospiceSRQ Magazine (Sarasota, FL)December 18, 2023New Port Richey, FL—Halfacre Construction Company, a Lakewood Ranch-based commercial construction company, recently broke ground on Gulfside Hospice, a non-profit organization offering hospice, skilled home health care and palliative care for serious, chronic and late stage illnesses. Located at 5299 Deer Park Drive in New Port Richey, the $11 million project includes a single-story hospice facility that has 24 private beds, new sitework, parking and landscaping. 

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Baptist Health Baptist Hospital Launches Inspirational Space for Patients and Visitors

12/16/23 at 03:25 AM

Baptist Health Baptist Hospital Launches Inspirational Space for Patients and VisitorsSouth Florida Hospital NewsDecember 14, 2023Baptist Health Baptist Hospital launched the Inspiration Hall, powered by national leader in hospice and palliative care services, VITAS Healthcare. Located on the first floor near the hospital’s imaging center waiting room, the Inspiration Hall is an immersive experience where patients, visitors and hospital team members can submit, read or watch messages of comfort and support that will inspire others in their health journey. 

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Contessa’s Lessons Learned on Risk-Based Palliative Care

12/15/23 at 03:17 AM

Contessa’s Lessons Learned on Risk-Based Palliative CarePalliative Care NewsDecember 13, 2023As Contessa Health pioneers a growing value-based palliative care-at-home program, they’ve encountered some learning curves when it comes to operating within a new payment system. Contessa is a subsidiary of Amedisys, which the home health and hospice provider acquired in 2021 for $250 million. 

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Gentiva Opens De Novo in Tennessee

12/15/23 at 03:15 AM

Gentiva Opens De Novo in TennesseeHospice NewsDecember 13, 2023Gentiva has opened a new hospice in Greeneville, Tennessee, the latest move in the company’s growth trajectory. The de novo opened earlier this month, and will serve patients, families and facilities across both Greene and Cooke counties in eastern Tennessee. ... Gentiva is a portfolio company of the private equity firm Clayton, Dubilier & Rice. 

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VITAS Healthcare Expands Hospital-Based Inpatient Hospice Center

12/15/23 at 03:12 AM

VITAS Healthcare Expands Hospital-Based Inpatient Hospice CenterHospice NewsDecember 13, 2023Chemed Corp. VITAS Healthcare recently expanded its inpatient hospice care unit at the Florida-based Broward Health Medical Center. The inpatient facility now has 12 patient beds, up from eight prior to the renovations. VITAS expects to serve roughly 550 patients annually at the center. 

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VyncaCare CEO Schulte—Redesign Serious Illness Care for Patients’ Changing Needs

12/14/23 at 03:18 AM

VyncaCare CEO Schulte—Redesign Serious Illness Care for Patients’ Changing NeedsHospice NewsDecember 12, 2023The needs of today’s seriously ill patients necessitates the development of new, longitudinal care models that integrate the patient-centered principles of hospice and palliative care, Dr. Darren Schulte, CEO of VyncaCare, told Hospice News. Vynca launched as an advance care planning technology platform and expanded into the palliative care provider space through its 2021 acquisition of California-based Resolution Care. 

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Compassus Looking For More AI Use Cases, Risk-Bearing Partners In Near-Term Future

12/14/23 at 03:15 AM

Compassus Looking For More AI Use Cases, Risk-Bearing Partners In Near-Term FutureHome Health Care NewsDecember 12, 2023As artificial intelligence becomes more applicable in health care, home-based care providers are finally diving into use cases that may work for them. The Brentwood, Tennessee-based Compassus is a prime example of that. A forward-thinking provider, it has been utilizing RPM and telehealth for years, even prior to COVID-19. Now, it’s looking at ways it can fit AI into its operations. 

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Aveanna Healthcare Appoints Matt Buckhalter as New CFO

12/13/23 at 03:59 AM

Aveanna Healthcare Appoints Matt Buckhalter as New CFOHospice NewsDecember 11, 2023Aveanna Healthcare Holdings Inc. has appointed Matt Buckhalter as its new CFO effective Jan 1. Buckhalter has served as CFO in an interim capacity since July 2023, when his predecessor, David Afshar, left the company. Afshar moved on to pursue “other opportunities,” and his departure was not a result of any disagreements with Aveanna management, policies or practices, the company indicated in a press release. ... Buckhalter joined Aveanna in 2016 ...

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CVS to start rebranding its healthcare services segment this year

12/08/23 at 03:44 AM

CVS to start rebranding its healthcare services segment this yearMcKnight’s Home Care DailyDecember 6, 2023CVS disclosed Tuesday that it will begin to roll out its newly rebranded healthcare services segment this month. The new brand, called CVS Healthspire, includes CVS’ suite of care delivery businesses: Caremark, Cordavis, Oak Street Health, MinuteClinic and the company’s home care entity Signify Health.  ... Evidence of the rebrand will soon be visible, according to the company; the five businesses within Healthspire will soon incorporate “Part of CVS Healthspire” to their assets.

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