Home Health & Hospice Week

Mergers & Acquisitions:

Hospice Deals Dominate Year End

Chains focus on hospice development.

Home care and hospice companies didn’t take a holiday break from mergers and acquisitions. Take a look at three recent deals:

In Louisiana: Baton Rouge-based Amedisys Inc. has closed its acquisition of Asana Hospice, with eight locations in Pennsylvania, Ohio, Texas, Missouri, and Kansas. Amedisys now has 146 hospice locations in 33 states, providing care to more than 12,000 patients daily, making it the third-largest hospice network in the country, the company says in a release.

In Texas: VITAS Healthcare has opened a new office in San Marcos, marking the second location in the San Antonio area, the Miami-based chain says in a release. VITAS operates 48 hospice programs in 14 states and the District of Columbia.

In Nevada: The Pennant Group Inc., the parent company of Cornerstone Healthcare Inc., has acquired the assets of Desert View Home Health in Clark County for undisclosed terms. A Cornerstone subsidiary will combine Desert View with other operations to form Comfort Home Health and Hospice.

“We have been eager for some time to pair home health services with our hospice operations in Las Vegas and the surrounding communities,” Pennant CEO Daniel Walker says in a release. The Pennant Group, which operates in 12 states, has “at least” 64 home health and hospice agencies, it says.  

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