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All posts tagged with “Hospice Provider News | For-profit News.”
Pennant and Hartford HealthCare partner to transform home care services
06/21/24 at 03:00 AMPennant and Hartford HealthCare partner to transform home care services CBS News 13, Eagle, Idaho; by Pennant Group, Inc.; 6/18/24 The Pennant Group, Inc., the parent company of the Pennant group of affiliated home health, hospice and senior living companies, announced today that it has entered into a management and consulting services agreement to provide operational support to Hartford HealthCare at Home (HHCAH), the home health and hospice business of Hartford HealthCare. Hartford HealthCare is the highest ranking in quality, comprehensive non-profit integrated health system in Connecticut, and HHCAH’s home-based care spans the state, with eight locations, more than 1,000 employees, and more than 33,000 home health admissions and approximately 4,000 hospice admissions over the trailing 12 months. Hartford HealthCare has provided home-based care for over a century, and this engagement of Pennant reflects its continued commitment to home-based care as an essential and growing part of the care continuum and a central component of Hartford HealthCare’s future. Hartford HealthCare at Home remains owned by Hartford HealthCare and is a critical part of Hartford HealthCare’s ecosystem of care.
Circle of Life Hospice opens guest house
06/21/24 at 03:00 AMCircle of Life Hospice opens guest house ABC KOLO 8 NewsNow, Reno, Nevada; by Emily Benito; 6/19/24The Circle of Life Hospice Foundation has just opened their first hospice care guest house for those that cannot afford room or board or end of life care. President of The Circle of Life Hospice Foundation Michelle Cagle says that if they had 10 to 15 beds in the house, they could help around 271 patients a year. The guest house currently has three beds for patients but with more land to build on, there are plans to build a second guest house on the property. “Whether they are homeless or just elderly or their wife can’t take care of them or they’re just not able to afford it or they don’t have any family or children, that’s what we do and opened this house to care for those people.”
NAHC, NHPCO ink deal completing affiliation
06/21/24 at 03:00 AMNAHC, NHPCO ink deal completing affiliation Hospice News; by Holly Vossel; 6/18/24 The National Hospice and Palliative Care Organization (NHPCO) and the National Association for Home Care & Hospice (NAHC) have announced the completion of their affiliation agreement. The affiliation joins two of the largest organizations representing, educating and advocating for home health and hospice providers that serve millions of disabled, elderly and dying Americans across the country. Board chairs and c-suite executives at NAHC and NHPCO recently met in Washington D.C. to ink the deal. The affiliation is rooted in a shared belief that unification will benefit their respective members and ultimately the patients and families they serve, according to NAHC President and CEO William Dombi.
Interim HealthCare Inc. recognized on Forbes list: America’s Best Employers for New Grads 2024
06/17/24 at 03:00 AMInterim HealthCare Inc. recognized on Forbes list: America’s Best Employers for New Grads 2024 Morningstar; by Business Wire; 6/13/24 Interim HealthCare Inc. ... is recognized as one of the best places to work for recent college graduates on the Forbes America’s Best Employers For New Grads 2024 list. ... For the America’s Best Employers For New Grads list, more than 100,000 professionals with 10 or fewer years of work experience were surveyed at companies with 1,000 or more employees in the United States. The young professionals responded to questions about compensation, benefits, advancement opportunities, working conditions, flexibility, company image, and inclusion, along with whether they would recommend the employer to others. This award is presented by Forbes and Statista Inc.
Top News Stories of the Month May 2024 - TCN Podcast
06/14/24 at 03:00 AMTop News Stories of the Month May 2024 - TCN Podcast TCN Talks - Teleios Collaborative Network; Mark Cohen, Cordt Kassner and Joy Berger; 6/13/24In this week’s podcast, Mark Cohen, Cordt Kassner, and Joy Berger discuss the top news stories in the Hospice community for the month of May. Additionally, they take you behind the scenes of how newsletters like Hospice News Today was assembled each day and how Hospice & Palliative Care Today is produced for your leadership to use, each day.
Northrim Horizon completes acquisition of Noble Hospice
06/13/24 at 03:00 AMNorthrim Horizon completes acquisition of Noble HospiceInvestors Observer; PR Newswire; 6/11/24Northrim Horizon L.P. ("Northrim"), an Arizona -based permanent capital investment firm, today announced its acquisition of Noble Hospice and Palliative Care ("Noble" or the "Company"), a leading provider of hospice services in Arizona. Noble becomes Northrim's fourth acquisition in its broader platform offering a full spectrum of essential home care and hospice services across Arizona.
NPHI: Increase scrutiny of PE hospice transactions
06/13/24 at 02:00 AMNPHI: Increase scrutiny of PE hospice transactions Hospice News; by Jim Parker; 6/11/24 Federal regulators should increase scrutiny of private equity activity in the hospice space, according to the National Partnership for Healthcare and Hospice Innovation (NPHI). NPHI is a membership organization comprising more than 100 nonprofit, community-integrated hospice and palliative care providers from 38 states and the District of Columbia. The organization recently submitted comments in response to a Request for Information from the U.S. Department of Justice (DOJ), Department of Health and Human Services (HHS) and the Federal Trade Commission (FTC).
Addus to buy Gentiva’s personal care assets for $350 million
06/12/24 at 03:00 AMAddus to buy Gentiva’s personal care assets for $350 million Home Health Care News; by Andrew Donlan; 6/10/24 Addus HomeCare Corp. is set to acquire Gentiva’s personal care assets for about $350 million.Those assets amount to over 16,000 home care patients per day, in Arizona, Arkansas, California, Missouri, North Carolina, Tennessee and Texas. Addus – which just left the state of New York – will fund the acquisition through its existing revolving credit facility. “We believe this acquisition is a great strategic fit for Addus, and we are excited about the opportunity to expand our personal care market coverage in seven states, including Texas and Missouri, which are new markets for Addus,” Addus CEO Dirk Allison said. ... Addus currently provides home care, home health care and hospice services to over 49,000 consumers through 214 locations spanning 22 states.
Compassus announces new partnership for home care and hospice
06/12/24 at 03:00 AMCompassus announces new partnership for home care and hospice.InvestorsObserver; by PR Newswire; 6/10/24Compassus , a leading national provider of integrated home-based health care services, announced today they have formed a partnership with Columbus, Ohio -based OhioHealth for home health and hospice services. "We're proud to collaborate with OhioHealth to deliver high-quality, patient-centered home health and hospice care to ensure patients and families have the support they need wherever they call home," said Compassus CEO Mike Asselta . "As our teams come together, we'll continue to focus on patients, partnership and innovation to deliver superior care." The company's nearly 7,000 team members serve more than 120,000 patients annually across more than 270 touchpoints across 30 states.
AccentCare expands hospice care business to Rhode Island
06/11/24 at 03:00 AMAccentCare expands hospice care business to Rhode Island HomeCare; 6/7/24 AccentCare, a nationwide provider of home health, hospice and personal care services, announced the opening of its Warwick hospice location and its expansion into Rhode Island after being awarded a Certificate of Need (CON) license in the state. “We are excited to expand our footprint in New England and to provide hospice services to more patients and families in the region,” said Andy Johnston, president of hospice & PCS, AccentCare. “We know the critical role hospice plays in extending the continuum of care to patients and adding dignity to the end of life. We are honored to begin providing high-quality, compassionate care in Rhode Island.”
Why private equity hospice investors need to re-focus on patients
06/10/24 at 03:00 AMWhy private equity hospice investors need to re-focus on patients Hospice News; by Jim Parker; 6/7/24 As private equity investors seek out hospice and other health care transactions, they should retrain their sights on potential benefits for patients in addition to financial metrics. Driving this is a changing regulatory environment as scrutiny heats up for both hospices and the private equity firms themselves. Tightened regulation in the hospice space has led to longer, more stringent diligence processes when it comes to buying and selling provider companies. This means that potential buyers are looking hard at compliance and quality metrics before completing a deal, along with the seller’s financials.
Dover Health acquires Chicago-area hospice, home health agencies
06/07/24 at 03:00 AMDover Health acquires Chicago-area hospice, home health agencies Hospice News; by Jim Parker; 6/6/24St. Louis-based Dover Health has expanded into the Chicago region with the purchase of Centered Care Hospice and Palliative Care and Cornerstone Home Health. With this deal, Dover expands to nine Illinois counties to complement its five-county footprint in Missouri. The transaction will enable Dover Health to expand its scale and offer enhanced benefits and technology to clinical staff and patients, according to a press release. “We are committed to giving our caregiving team the time and resources needed to truly engage with each patient,” said Steven Burghart, president of Dover Health, in a statement. “Our mission is to help every senior and their family thrive through personalized, holistic health and wellness.”
Oregon reviews UnitedHealth deal for Amedisys home health, hospice
06/06/24 at 03:00 AMOregon reviews UnitedHealth deal for Amedisys home health, hospice The Lund Report; by Nick Budnick; 6/4/24State officials are asking members of the public to weigh on the proposed acquisition of Amedisys — a hospice and home health and company that operates in Roseburg, Salem and Portland — by an increasingly controversial health care giant called UnitedHealth Group. Inc. UnitedHealth operates Optum, a subsidiary whose takeover of a clinic chain in the Eugene area has sparked numerous complaints. The state recently approved the company's acquisition of The Corvallis Clinic, an 11-clinic company operating in three counties. Now, it proposes to take over the Oregon offices of a Amedisys, a publicly traded firm, and the transaction has federal officials contemplating a lawsuit to block it. UnitedHealth and Optum are under increasing scrutiny for their market dominance and allegations of anticompetitive conduct.
UnitedHealth Group continues to leverage home-based care to drive value-based strategy
06/04/24 at 03:00 AMUnitedHealth Group continues to leverage home-based care to drive value-based strategy Home Health Care News; by Robert Holly; 5/30/24 Value-based care has long been a core focus for UnitedHealth Group and its Optum arm. Recently, however, the health care giant has started to view value-based care as a sustainable business model that it can lean into to drive growth across its operations. ... “Although it’s a topic that has been talked about for probably 30 years as a theme, I would say, really, only within UnitedHealth Group and Optum are you seeing value-based care now on a scale and presence [that] allows it to operate truly as a business model,” UnitedHealth Group CEO Andrew Witty said Wednesday, speaking at an investor conference.
Publicly traded hospice companies poised for deals
05/29/24 at 03:30 AMPublicly traded hospice companies poised for dealsHospice News; by Jim Parker; 5/24/24The nation’s publicly traded hospice companies are primed for more acquisitions after a 2023 slump, fueled by census and growth. Transaction volume declined in the hospice and home-based care space in 2023, following the two record-breaking prior years. [Examples include:]
Hospice and the care continuum: Achieving Age-Friendly Care
05/28/24 at 03:00 AMHospice and the care continuum: Achieving Age-Friendly CareHospice News; by Jack Silverstein; 5/23/24When Jennifer Hale thinks of age-friendly care in hospice, her mind goes first to what might seem an unusual place: man’s best friend. As the VP of Clinical Quality and Standards of hospice provider Compassus, Hale views age-friendly care as an approach to care that is “focused specifically on the needs of people as they age in their home setting,” she says. That means hospice providers listen to what their patients need and want to make them comfortable and give them dignity at the end of life. Compassus uses its clinical assessment not just to capture a patient’s health information but also to inform their goals, hopes and fears. “Age-friendly care certification was another way for us to validate our care model,” Hale says. “We worked with Homecare Homebase to implement their person-centered care plan which actually further validated the approach to care that we were already taking.”
Heart to Heart Hospice of San Antonio opens new hospice house
05/28/24 at 02:35 AMHeart to Heart Hospice of San Antonio opens new hospice housePress release; by Kimberly Dellinger; 5/23/24Heart to Heart Hospice plans to expand inpatient services with the opening of the only freestanding Hospice House in the San Antonio area. Heart to Heart Hospice, a leader in hospice services since 2003, is currently building a Hospice House as an extension of its service offerings to patients and families in the San Antonio community, opening Summer of 2024.
Experts urge Legislature to pass bill preventing for-profit and private equity hospice in New York
05/27/24 at 03:00 AMExperts urge Legislature to pass bill preventing for-profit and private equity hospice in New York Spectrum News 1; by Susan Arbetter; 5/21/24The FBI has issued public warnings about hospice fraud in four states — Texas, Arizona, Nevada and California. The bureau is alerting consumers to a wide-spread scam in which patients are enrolled in hospice without their knowledge by recruiters who “sell” hospice care to people who aren’t actually eligible. ... One reason fraudsters have yet to gain a foothold in New York is that new hospices here go through a “Certificate of Need” process (CON) which reviews applications, provides for public comment and ensures that hospice operators don’t have a history of fraud or abuse. But according to Jeanne Chirico, president and CEO of the Hospice & Palliative Care Association of NYS (HPCANYS), and Kara Travis, president and CEO of Mountain Valley Hospice & Palliative Care, and a trustee of HPCANYS, there’s more that New York can do to protect consumers. They are urging lawmakers to pass a bill carried by state Sen. Liz Krueger and Assemblymember Amy Paulin that would prohibit the establishment of new for-profit hospices in the state (A6032 - Paulin / S6460 – Krueger).
Steward proposes timeline for selling assets in bankruptcy
05/24/24 at 03:00 AMSteward proposes timeline for selling assets in bankruptcy Modern Healthcare; by Caroline Hudson; 5/20/24Steward Health Care is seeing interest from potential buyers of its 31 hospitals, particularly in Massachusetts and Arizona, and it hopes to complete sales this summer. The health system, which filed for Chapter 11 bankruptcy protection earlier this month, also is in advanced discussions with UnitedHealth Group's Optum to buy physician network Stewardship Health. Optum, which had been negotiating with Steward before the bankruptcy filing, submitted a "stalking horse" bid. A stalking horse bid is the initial bid on a bankrupt company's assets that helps set the minimum price for other potential buyers. Steward also is in discussions with "various third parties" for its northern Massachusetts facilities, the health system said in a bankruptcy court filing last week.
Resurgia Health Solutions and Ennoble Care's Georgia Housecalls Practice finalize combination to strengthen healthcare access in Georgia
05/23/24 at 03:00 AMResurgia Health Solutions and Ennoble Care's Georgia Housecalls Practice finalize combination to strengthen healthcare access in Georgia KSN.com News - Cision PR Newswire; by PR Newswire; 5/20/24 Resurgia Health Solutions and Ennoble Care have united to strengthen healthcare access in Georgia. ... Under the regional leadership of Kevin Charles and Dr. Mark Bradshaw, Ennoble's Georgia home-based primary care practice will be integrated into Resurgia's regional operations and Ennoble's national operations. Renee Brack, FNP, will work closely with Mr. Charles and Dr. Bradshaw in Georgia, as the operational leader of palliative and hospice care in Georgia, ensuring continuity. ... "We are thrilled to combine our strong programs to expand home-based primary and palliative care access in Georgia." said Molly Viscardi, PhD, RN, Chief Operating Officer of Ennoble Care.
The Pennant Group acquires hospice provider Nurses on Wheels
05/22/24 at 02:10 AMThe Pennant Group acquires hospice provider Nurses on WheelsHospice News; by Jim Parker; 5/16/24The Pennant Group, Inc. (NASDAQ: PNTG) has acquired the Corpus Christi, Texas-based hospice provider Nurses on Wheels Inc. for an undisclosed amount. This is the latest in a string of acquisitions for Pennant. Earlier this month Pennant acquired Utah-based South Davis Home Health and South Davis Hospice. The company in December 2023 picked up Arizona-based Southwestern Palliative Care & Hospice after acquiring five Medicare hospice providers in multiple states the prior month. Financial terms were not disclosed in these deals.
Addus CEO: Hospice headwinds starting to abate
05/20/24 at 03:00 AMAddus CEO: Hospice Headwinds Starting to AbateHospice News; by Jim Parker; 5/16/24Addus Homecare Corp. (NASDAQ: ADUS) is seeing constrictions on growth start to ease in its hospice business. Many of those headwinds were associated with lingering effects of the pandemic. Like many hospice providers, Addus has faced COVID-19 challenges that include reduced patient volumes and shorter length of stays. Now, the company’s hospice rebound is starting to accelerate, CEO Dirk Allison said during the Bank of America Securities Health Care Conference.
Compassus taps Fresenius veteran Michael Asselta as next CEO
05/20/24 at 03:00 AMCompassus Taps Fresenius Veteran Michael Asselta As Next CEOHome Health Care News; by Joyce Famakinwa; 5/7/24There’s a new leader at the helm of Compassus. The company’s board of directors has named Michael J. Asselta as CEO. Compassus is one of the largest home-based care providers in the country. The Brentwood, Tennessee-based company provides home health, hospice, palliative and home infusion services across more than 270 locations in 30 states.
Aveanna is looking to grow in its ‘rightsized’ home health segment again
05/17/24 at 03:00 AMAveanna is looking to grow in its ‘rightsized’ home health segment again Home Health Care News; by Andrew Donlan; 5/14/24 Aveanna Healthcare Holdings leaders believe the company is back at a place where it can bank on near-term growth in its Medicare-certified home health business. It first entered into a business “transformation” in January 2023, and that transformation is already paying dividends, according to CEO Jeff Shaner. But much of the turnaround has been led by the private-duty services segment. Now, Shaner sees a path for the company to begin accelerating its home health and hospice lines.
Vitas’ acquisition pipeline likely growing
05/17/24 at 03:00 AMVitas’ acquisition pipeline likely growing Hospice News; by Jim Parker; 5/15/24 Vitas Healthcare, a subsidiary of Chemed Corp. is gearing up for potential acquisitions. ... VITAS is targeting its home state of Florida and other Certificate of Need (CON) states for potential deals, Michael Witzeman, vice president, CFO and controller at Chemed said during the Bank of America Securities Health Care Conference. “We certainly think that there’s a pipeline growing, and we have the resources on our balance sheet with cash and no debt to be able to really be a player in any of these,” Witzeman said. “We would like to be in states that have CON restrictions much more than an unrestricted state, but we certainly have the interesting inability when things come available to be able to jump on them.” ...