Death Nurse

Because this is a blog about living and dying, and because I'm a nurse.

Tuesday, February 28, 2023

Masters of the universe playing in the hospice sandbox

 



screenshot headline from Home Healthcare News: [Updated] CD&R-Backed Gentiva Agrees To Acquire ProMedica’s Home Care, Hospice Assets For $710M By Andrew Donlan | February 27, 2023

white text on black background reads: “Gentiva – the company comprised of the hospice and personal home care assets of what was formerly Kindred at Home* – has agreed to acquire ProMedica’s Heartland home health and hospice assets for $710 million.**   Led by the former CEO of Kindred, David Causby, Gentiva is backed by both Humana Inc. (NYSE: HUM) and the private equity firm Clayton, Dubilier & Rice (CD&R). Specifically, CD&R owns 60% of the business, with Humana holding onto a 40% stake post-divestiture.  CD&R paid $2.8 billion*** for the ownership stake last year.”  * don’t forget Curo is also in that stew ** seems cheap, place must have been in shambles *** for those keeping track at home

screenshot of lexisnexis table - top ten hospices by market share, it's annotated and a real mess from all the M&A activity, shows Gentiva leaps ahead of Vitas to grab #1 spot now with 6.4% share while Vitas has 4%+

Press release and stenography here

Posted by Jerry at 9:10 AM
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About Me

Jerry
Expert nurse for patients and families facing serious illness and end of life. Certified in palliative care and hospice. Experienced in multiple settings, including specialty intensive care (high-risk bone marrow transplant, neuroscience), hemodialysis, inpatient palliative care, and hospice care in the community. Services: case management, consultation, advocacy, and education for clinicians, caregivers, and the community.
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