Hospice News September 22, 2021
Companies seeking to acquire hospices are keenly attuned to the sellers’ leadership team dynamics when making buying decisions. Amid staffing shortages and heightened regulatory scrutiny, buyers want to work with leaders who have a similar approach to workplace culture, quality and compliance, as well as business operations like marketing and revenue cycle management.
The hospice industry remains fragmented, helping to create an environment primed for M&A activity. In 2019, close to 4,840 hospices were operating in the United States, a 4.3% increase from the prior year, the Medicare Payment Advisory Committee (MEDPAC) reports.
Strategic buyers have been tucking in smaller providers to build market share and close geographic gaps in their footprints, while private equity firms move in to...
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