Hospice News September 16, 2020
Consolidation is a growing trend in the hospice market, leading to a shrinking number of providers nationwide as smaller hospices get absorbed by larger organizations.
Hospice topped other health care sectors in merger and acquisition activity this year, despite economic downturn during the COVID-19 pandemic. While M&A transactions slowed significantly early in 2020 as providers swung against the pandemic’s financial hits, industry professionals anticipate growth to surge in the hospice space.
“Hospice continues to be the most sought after area within the post-acute care sector,” said Kevin Palomara, managing director of investment firm Provident Healthcare Partners in a recent webinar. “I think there’s a lot of blue sky in terms of consolidation activity. Private equity consolidation, along with some of...