Home Health & Hospice Week

Mergers & Acquisitions:

PE-Backed Hospice Chain Makes Midwest Buys

Plus: Non-profit hospice affiliates with non-acute health system in Florida.

Troy, Michigan-based Residential Hospice has entered two new states via acquisitions for undisclosed amounts.

Residential, a division of Graham Healthcare Group, has acquired Comfort Hospice in St. Louis and Grace Hospice in Maumee, Ohio, from U.S. Medical Management, it says in a release. GHG is a subsidiary of Graham Holdings Company, which owned The Washington Post and was called The Washington Post Company until it sold its flagship newspaper to Jeff Bezos in 2013 for $250 million.

GHG companies include Residential Home Health, Residential Hospice, Allegheny Health Network (AHN) Healthcare@Home, and Mary Free Bed at Home, the release notes. They employ more than 2,800 staff serving 13,000 patients in Florida, Illinois, Kansas, Michigan, Pennsylvania, and now Missouri and Ohio.

“We are poised for expansion throughout the Midwest as we continue our mission of making hospice care more accessible to our communities,” Justin DeWitte, CEO of Residential Hospice, says in the release.

Other recent deals include:

In New Mexico: Jet Health Inc. has opened a new location in Santa Fe, operating under its Klarus Home Health brand, the Fort Worth, Texas-based regional chain says in a release. “Klarus Home Health in Santa Fe intends to double its staff over the next six months,” Jet Health says. It “is working toward quickly expanding to provide services in Santo Domingo Pueblo, Cochiti Pueblo, Pena Blanca and El Dorado,” it adds. Jet Health operates in Texas, New Mexico, Colorado and Idaho, with Klarus in the first three of those states.

In Florida: Hospice of Marion County in Ocala plans to affiliate with non-acute health system Empath Health. The nonprofit companies have signed a Memorandum of Understanding to begin the process, Empath says in a release. Clearwater-based Empath operates Tidewell Hospice, Suncoast Hospice, Suncoast Hospice of Hillsborough, as well as home health, physician, pharmacy, durable medical equipment, and other services. It merged with Stratum Health System last year (see HCW by AAPC, Vol. XXX, No. 3). Empath Home Health also recently acquired Heal at Home Healthcare in Marion County, Empath President Jonathan Fleece notes in the release.

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