Hospice News June 21, 2024
Private equity, venture capital firms and strategic investors have had a strong appetite for hospice assets in recent years. These investment trends fostered both concerns and opportunities within the industry.
Interest in the hospice space has proliferated among nonprofit and for-profit investors alike, according to David DeGumbia, senior vice president and chief development officer at Compassus.
Common threads of sustainability and growth intersect in both of those worlds, DeGumbia said at the Elevate conference in Washington D.C. But reaching the growth potential of a hospice asset has become increasingly difficult in today’s competitive and economic climates, he indicated.
“[Investors] are committed to leaving that health care business in a better place than where they found it,” DeGumbia told Hospice News...