Q1-2021 Home Health & Hospice Update
The hospice market remains at an all-time high in terms of interest level and valuations, both from the private equity community and from strategic consolidators. It is no surprise that some of the larger players in the space are looking to take advantage of the heightened valuation environment. Publicly traded Encompass Health is exploring strategic alternatives for its home health and hospice business and private-equity backed Bristol Hospice recently fielded first-round offers with several private equity groups bidding upwards of $1 billion.
Given the large home health components of each business, the Abode Healthcare and Brookdale Home Health deals should be viewed as promising sign that we will see a resurgence of activity within the skilled home health segment, which has lagged behind hospice M&A considerably these past few years.
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