Top 5 Home Health & Hospice Deals of 2023
The Home Health & Hospice (HH&H) market experienced a decline in deal activity, totaling 95 transactions, compared to the 113 announced in 2022. The deals were evenly distributed throughout the year, with 47 deals announced in the first half of 2023, and 48 deals announced in the second half. However, the larger transactions were announced at the start of the year, with approximately $4.7 billion in announced spending during the first half, and only $32 million announced during the second half, when there were much smaller deals and only one disclosed price. While large buyers dominated the start of the year, smaller buyers took the lead in the latter half. Here are the top... Read More »
New Day Healthcare Acquires Compassion Hospice in Texas
New Day Healthcare has announced its first acquisition of 2024. The company has acquired Texas-based Compassion Hospice for an undisclosed amount. Founded in 2007, Compassion Hospice provides hospice care in the Southeast Texas area. New Day Healthcare was formed in 2020 by G. Scott Herman and a group of home health, home care and hospice leaders. New Day Healthcare is committed to building a home care delivery network focused on managing the fragmented home care environment and delivering a continuum of care to patients in need. New Day has 29 locations across Texas, Missouri, Kansas and Illinois. The company’s nearly 6,500 employees serve close to 100,000 patients annually across... Read More »
2023 Performance Snapshot of Home Health and Hospice Leaders
Explore the financial performance of key players in the Home Health and Hospice (HH&H) sector during 2023. From Amedisys’ steady growth to Addus’ fluctuations, discover the ups and downs, strategic moves and investor interest that defined the industry. 2023 Quarterly Stock Performance of Publicly Traded HH&H Companies: CompanyQ1 2023Q2 2023Q3 2023Q4 2023Amedisys$73.55 $91.44 $93.40 $95.06 Encompass Health$54.10 $67.71 $67.16 $66.72 The Pennant Group$14.28 $12.28 $11.13 $13.92 Addus HomeCare$106.76 $92.70 $85.19 $92.85 Enhabit$13.91 $11.50 $11.25 $10.35 Aveanna... Read More »
Q&A with Agenda Health: Pennant Group Expands with Southwestern Hospice Acquisition
The Pennant Group, Inc., a leading provider of home health, hospice, home care and senior living services, has announced the successful acquisition of Southwestern Palliative Care and Hospice (Southwestern) in Yuma, Arizona. The deal reflects Pennant’s commitment to growth in Arizona and the expansion of its ability to provide essential hospice services to the residents of Yuma and surrounding communities. Brent Guerisoli, Chief Executive Officer of Pennant, expressed enthusiasm about the acquisition, stating, “We are pleased to continue our growth in the state of Arizona, and complement our agencies in Southern Arizona. This acquisition further solidifies our commitment to these... Read More »
Residential Hospice Acquires Safe Haven Hospice in Central Illinois
Residential Hospice announced that it has acquired Safe Haven Hospice from Christian Horizons. This acquisition expands the footprint of Residential Hospice into Central Illinois serving the counties of Cass, Lenard, Macon and Menard. Based in Springfield, Illinois, Safe Haven Hospice provides compassionate, supportive care for individuals and families throughout the end-of-life journey. Residential Hospice is a division of Graham Healthcare Group, a subsidiary of Graham Holdings Company. Residential Hospice and its sister company, Residential Home Health, have provided home health, palliative and hospice care for more than 20 years. Both companies provide integrated care and... Read More »Schedule a demo
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