Hospice News September 12, 2024
As M&A in the for-profit space continues its two-year slump, nonprofits are consolidating in rising numbers.
Recent years have seen an uptick in consolidation activity among nonprofits in the hospice space. Increasingly, nonprofits are pursuing acquisitions and affiliations, as well as forming regional collaboratives. In addition, some nonprofits have also been acquired by for-profit companies.
Driving this trend are reimbursement and regulatory pressures, as well as a need to compete with larger, well-capitalized for-profit entities, according to Mark Kulik, senior managing director for the M&A advisory firm The Braff Group.
“Reimbursement rules and oversight rules and compliance rules, this is bringing to the forefront just the challenge of successfully operating in this marketplace on a sustained basis,” Kulik told Hospice...
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