Home Health & Hospice Week

2 powerhouse chains will offer referral sources streamlined option.

As the year wound down, so did many home health and hospice transactions nationwide.

For example: Dallas-based AccentCare Inc. and Seasons Hospice & Palliative Care in Rosemont, Illinois, have agreed to merge, Seasons says in a release. Seasons operates 29 Medicare-certified sites across 19 states and is ranked the fifth-largest hospice company in the country, it says on its website. AccentCare furnishes a range of home health, hospice, and other post-acute services in 17 states, it says on its website.

“Our vision is to simplify the current complexity that comes with navigating multiple companies across the continuum of care,” the companies say. “As a combined organization, we will help patients and families, and our health system and physician partners, access our joint expertise and high-quality, dignified care.”

AccentCare and Seasons said they hoped to combine by the end of 2020. Private equity firm Advent International bought AccentCare last year.

Take a look at more recent mergers and acquisitions:

In Oklahoma: College Station, Texas-based Traditions Health has acquired Centennial Hospice in Oklahoma City. Traditions, which is a portfolio company of private equity firm Dorilton Capital, has made multiple acquisitions in the past couple of years, including the purchase of seven-state chain Harbor Light Hospice in early December (see HCW by AAPC, Vol. XXIX, No. 44). The company serves more than 4,000 patients across 13 states, it says.

In Tennessee: Nursing home chain Brookdale Senior Living is looking to sell its home health and hospice business, reports private equity business publication PE Hub. Brookdale needs to raise cash to help stem the losses on its nursing home side, PE Hub says.

“As a matter of policy, we don’t comment on market rumors or speculation,” a Brookdale rep tells AAPC.

In Dallas: Silverstone Hospice has acquired Comfort Care Hospice, the companies say in a release. Silverstone plans to add home health and palliative care service lines as well, it says.

M&A-adjacent news includes:

In Maryland: Waldorf-based Hospice of Charles County, which is an affiliate brand of Hospice of the Chesapeake, is partnering with University of Maryland Charles Regional Medical Center to provide general inpatient level care onsite in the medical center, among other services. Hospice of the Chesapeake now has a “full-time team member onsite at UM Charles Regional to assist patients and their families in navigating these important but often difficult decisions,” the hospice says in a release.

In Iowa: St. Croix Hospice has added an eastern Iowa location in Davenport, the Oakdale, Minnesota-based chain says in a release. St. Croix operates in six midwestern states and was recently sold by investment firm The Vistria Group to an affiliate of H.I.G. Capital for undisclosed terms (see HCW by AAPC, Vol. XXIX, No. 39).

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