Hospice News November 20, 2020
While a growing demand for end-of-life care has been a major force pushing hospice to the forefront of the health care mergers and acquisitions marketplace, evolving payment models and COVID-19 headwinds have been hurdles to building up investor interest in 2020. Despite the unknowns ahead, hospice market is expected to burgeon.
Among the various sectors of the health care industry, hospice continues to be the one to watch as valuations soar and multiples continue to hit record highs. For example, Addus HomeCare Corporation (NASDAQ: ADUS) recently entered into an agreement to acquire Queen City Hospice, LLC, and its affiliate Miracle City Hospice for a cash purchase of $192 million. In June, Amedisys, Inc. (NASDAQ: AMED) completed its acquisition of Homecare...
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