There’ve been some big moves in the hospice market this year, the largest being the $1.4 billion acquisition of Curo Health Services LLC by Humana (NYSE: HUM), TPG Capital and Welsh, Carson, Anderson & Stowe back in April. Curo Health is one of the nation’s leading hospice operators providing care to patients in 245 location in 22 states.
Undeterred by the competition, Amedisys, Inc. (NASDAQ: AMED) moved itself into third place in the U.S. hospice industry with its $340 million acquisition of Compassionate Care Hospice Group. The Parsippany, New Jersey-based company operates 53 locations across 24 states, and cares for approximately 3,300 patients daily.
Post-closing, Amedisys’ hospice operations will include 136 care centers in 34 states, with approximately 11,000 patients and 5,700 hospice employees. This deal is expected to close by February 1, 2019.
