Private Equity Acquisitions Of Hospices Are Increasing; Ownership Remains Opaque - PubMed (original) (raw)

Private Equity Acquisitions Of Hospices Are Increasing; Ownership Remains Opaque

Melissa D Aldridge et al. Health Aff (Millwood). 2024 Sep.

Abstract

Private equity ownership across the US health care system is rapidly increasing, yet ownership structures are complex and opaque. We used an economic data set tracking mergers and acquisitions linked to Medicare data to identify private equity hospice acquisitions. Given the influence of for-profit ownership on hospice quality, transparent data on private equity investment are fundamental to ensuring high-quality end-of-life care.

Keywords: Private Equity; hospice; ownership.

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Figures

Exhibit 1

Exhibit 1. Number of hospices acquired by private equity (PE), by year and by concentration of PE hospice acquisition, 2015–22

SOURCE LevinPro HC database, which captures details regarding all publicly reported PE transactions in which a majority stake in an organization is acquired.

Exhibit 2

Exhibit 2. Number of years acquired hospices had participated in the Medicare hospice benefit at the time of private equity (PE) acquisition, 2015–22

SOURCE LevinPro HC database, which captures details regarding all publicly reported PE transactions in which a majority stake in an organization is acquired, linked to Medicare Provider of Services files.

Exhibit 3

Exhibit 3. Hospices acquired by private equity (PE), by state, 2015–22

SOURCE LevinPro HC database, which captures details regarding all publicly reported PE transactions in which a majority stake in an organization is acquired.

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