Literature Review

Healthcare trends & transactions Q3 2025 JD Supra; by Delaney Durst, Ali Gallagher, Angela Humphreys, Ben Kelly, Zoebedeh Malakpa, Mariah R. Rhodes, Marc Rigsby, Morgan Tandy, David Wilson; 10/29/25  [Scroll down to "Home Health, Hospice Care & Personal Care Services"]The home health and hospice sector saw a modest decline in deal activity since Q2, as the industry faced changes in Medicare reimbursement rates and ongoing regulatory uncertainty. The most notable transaction in the space occurred in August when, following two years of regulatory scrutiny, UnitedHealth closed its $3.3 billion acquisition of Amedisys, a provider of home health and hospice services.  ... In the hospice sector, LifeCare Home Health announced in September its acquisition of St. Gabriel’s Hospice & Palliative Care, a hospice care provider serving approximately 300 patients in Texas, and BaneCare Management, a senior care services provider in Massachusetts, announced its acquisition of Longwood Hospice.

New diligence challenge: Uncovering AI risks and opportunities Bain & Company; by Benjamin Farmer, Gene Rapoport, Richard Lichtenstein, Emmanuel Coque, Amy Wall, and Parker DeRensis; 10/27/25 At a Glance:

Health care in the USA: money has become the missionThe Lancet; by Adam Gaffney, Steffie Woolhandler, David U Himmelstein, Danny McCormick; 10/21/25Despite extraordinary scientific and medical resources, the US health-care system underperforms. In this Review we consider the damage wrought by decades of market-based policies that have stimulated profit-seeking by insurers and health-care providers.

Hospital - and private equity – affiliated specialty physicians negotiate higher prices than independent physiciansHealth Affairs; by Alexander P. Philips, Nandita Radhakrishnan, Christopher M. Whaley, Yashaswini Singh; 10/25Hospital and private equity (PE) consolidation in health care is altering the physician practice landscape, with more than three-quarters of physicians employed by these corporate entities as of 2023. We examined practice affiliation patterns for specialist physicians and those patterns’ association with commercial prices for cardiology and gastroenterology services... Hospital-affiliated specialists negotiated prices that were 16.3 percent higher for cardiology procedures and 20.7 percent higher for gastroenterology procedures compared with specialists in independent practices. PE-affiliated specialists negotiated prices that were 6.0 percent higher for cardiology and 10.0 percent higher for gastroenterology procedures.

CommonSpirit Health to acquire Good Samaritan Hospice WTWO/WAWV, Vincennes/Terre Haute, IN; by Brayton Riley; 10/16/25 ... As we have previously reported, Good Samaritan planned on closing its hospice program at the end of 2025. However, leadership began looking at ways that would allow hospice services to continue. During that process, Good Samaritan said CommonSpirit Health was identified as the best organization to assume ownership of the services. ... Rob McLin, CEO of Good Samaritan [said,] “After announcing the planned closure, our goal was to find a qualified organization that could continue this vital service for our community. CommonSpirit Health at Home’s acquisition of our hospice program ensures that care will continue seamlessly, delivered by the same trusted caregivers who have supported patients and families for years.” ... The transition is anticipated to take effect in February of 2026.

Press Ganey to be sold to Qualtrics in $6.75B deal Modern Healthcare; by Gabriel Perna; 10/6/25 Press Ganey Forsta, which provides patient surveys and engagement tools for hospitals, is set to be sold to data company Qualtrics in $6.75 billion deal. The companies on Monday announced the deal, which is subject to customary closing conditions. Qualtrics plans to use a combination of cash and equity to pay for Press Ganey. Qualtrics, which is owned by private equity firm Silver Lake, creates software to help companies across multiple sectors receive feedback from their employees and customers. The company said in a news release that acquiring Press Ganey will bolster its offerings to healthcare companies while giving it more data to train its artificial intelligence models.

Uplift Hospice acquires Grace Hospice, Medical Group Hospice News; by Jim Parker; 10/2/25 Uplift Hospice has acquired Tucson, Arizona-based Grace Hospice & Palliative Care and Grace Medical Group for an undisclosed amount. The transaction not only boosts the company’s average daily census and builds density in their Arizona service region, it will also help them scale their small but growing home-based primary care and palliative care businesses. Uplift currently has one medical group active in Nevada and is seeking to expand those services across their footprint, which also extends into Texas. 

Pennant Group completes strategic acquisition of operations Investors Hangout; by Ryan Hughes; 10/2/25 ... Pennant Group is set to integrate operational assets worth approximately $146.5 million, encompassing various home health, hospice, and personal care services primarily situated in the Southeast. This acquisition includes 54 locations across multiple states, primarily focusing on the healthcare needs of communities in the region. ... An important aspect to highlight is that about two-thirds of the total revenue is associated with home health services, while the remaining third is linked to hospice care. 

Adobe Population Health expands footprint through acquisition of clinical programs from MedZed Physician Services Adobe Population Health; by PRNewswire/PRWeb; 9/26/25 Adobe Population Health, an innovative care management company, proudly announces the acquisition from MedZed Physician Services of certain assets related to MedZed Physician Services' California based In-Home Primary Care and Palliative Care services. The acquisition of such assets, contracts, and employees supports Adobe's expansion into California, reinforcing Adobe's commitment to closing care gaps and addressing the needs of the most vulnerable populations. Adobe Population Health offers proactive care management services through a tech-enabled, hybrid care model delivering whole-person care.

Elara Caring and National HME announce exclusive partnership to provide durable medical equipment services nationwide Business Wire (BW), Dallas & Irving, TX; Press Release; 9/23/25 Elara Caring, a leading national home health provider offering high-quality clinical and personal care services, and National HME, a leading provider of durable medical equipment (DME) solutions and services, today announced that they have entered into an exclusive agreement under which National HME will deliver its best-in-class DME services to Elara Caring’s 49 hospice locations across the United States. 

UnitedHealth Group in the headlines: 10 updates Becker's Payer Issues; by Andrew Cass; 9/19/25 From a judge denying a bid to limit discovery in an AI denial case to boosting lobbying efforts, here are 10 headlines about UnitedHealth Group and its subsidiaries that Becker’s has reported on since Sept. 5: ...

Uplift Hospice acquires Stoneridge in Arizona Hospice News; by Jim Parker; 9/17/25 Uplift Hospice has acquired Stoneridge Hospice in Arizona for an undisclosed amount. Uplift’s footprint stretches across the southwest and into the mountain states with locations in Texas, Arizona and Nevada. The Stoneridge transaction adds density to its Arizona operations and brings the company’s average daily census up to 500 patients. The owners of Stoneridge were looking to exit the business and were more concerned about cultural alignment than the financial terms, according to Uplift CEO Owen Lawrie. 

Healthcare Dealmakers—UHG, Amedisys close merger; Walgreens acquired and more Fierce Healthcare; by Dave Muoio; 9/5/25 Healthcare mergers and acquisitions are in no short supply as providers, health tech companies, retailers and other industry players look to expand their businesses and gain a competitive edge. Here’s a roundup of new deals that were revealed, closed, rumored or called off during the month of August.