Hospice & Home Health
Hospice care, home health agencies, and palliative services
What PE Ownership Means for This Industry
67% higher fraud rate
PE-owned hospice providers have higher rates of Medicare fraud
A JAMA study found that PE-acquired hospice agencies had significantly higher rates of billing irregularities, including enrolling non-terminally-ill patients and providing minimal care.
Source: JAMA Internal Medicine, 2023 →
PE-Owned Brands
Addus HomeCare
Home and community-based care services, publicly traded after PE backing
9 locations tracked
Amedisys
Major home health and hospice provider, UnitedHealth/Optum acquisition target
8 locations tracked
BrightSpring Health Services
Owned by KKR (Kohlberg Kravis Roberts)
KKR-backed home and community health services provider. IPO in 2024
6 locations tracked
Elara Caring
Owned by Kelso & Company
Kelso & Company-backed home health and hospice provider with 200+ locations
8 locations tracked
Gentiva
Owned by Clayton, Dubilier & Rice (CD&R)
Home health and hospice provider with 550+ locations. CD&R acquired 60% from Humana for $2.8B
7 locations tracked
Kindred at Home (Humana)
Largest home health provider, acquired by Humana. Previously PE-owned by TPG and Welsh Carson
7 locations tracked
VITAS Healthcare
Largest hospice provider in the US, owned by Chemed Corp. FTC scrutiny over billing practices
8 locations tracked