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Webinar Caring Smarter

People who choose a life of caring — and the organizations and communities they serve — deserve a special kind of support.

M&A trends in home health & hospice: Winning strategies for providers and investors

Presented by Bobby Guy, Shareholder, Polsinelli, Ross Sallade, Shareholder, Polsinelli, Linda Murphy, COO, Concierge Home Care, and Preston Brice, Partner, Grant Avenue Capital

Our health system is rapidly evolving toward value-based care models. With heightened focus on improving care quality and reducing costs, and more patients preferring to receive healthcare at home, spending on home-based care is at an all-time high. The home health and hospice sectors have become a major focus for investors, and many providers are poised to benefit. The opportunity is amplified for those with a track record of efficient and effective care that lowers costs and improves outcomes.

While value-based care has been a major driver for merger and acquisition activity, the pandemic accelerated this trend. Some organizations have struggled with operational challenges, such as changing referral patterns and clinician burnout, while others are capitalizing on partnership and consolidation opportunities.

Join our panel of M&A experts for this important discussion on transactional trends in the home health and hospice market and learn what providers and aggregators must consider to be successful in the years ahead.

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Revenue Cycle Management

Recorded Oct 23, 2018

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Bobby Guy, Shareholder, Polsinelli

Bobby Guy believes that the uncertainty surrounding the US healthcare market presents the greatest investment opportunity in healthcare for the last half century. He is a healthcare deal lawyer, and he spends his time focused on growing, buying and selling healthcare companies. In 2016 and 2017, he led the two largest skilled nursing spinoffs in the country each year, involving more than 30 buyers in 25 states in those deals. In the post-acute and behavioral space, his team has bought and sold more than 500 healthcare facilities in the last four years.


Bobby is the host of The 10 Minute HealthBizCast, and he chairs the national Healthcare Dealmaker’s Conference in Dallas each May. He is also a frequent speaker and author on healthcare investing and healthcare-related topics. He has appeared on Fox News, and has been published or quoted in The New York Times, The Wall Street Journal, CNN Money, The Deal, McKnight’s Senior Living, Healthcare Mergers & Acquisitions, Senior Housing News, HealthLeaders, The Journal of Corporate Renewal, and HFM, among others.

Ross Sallade, Shareholder, Polsinelli

Ross Sallade provides value to clients by tackling the complex legal regulatory, operational, reimbursement and enrollment matters that others might be reluctant to handle. Ross does so by drawing upon specialized knowledge for each matter which enables him to quickly evaluate urgent issues and provide practical recommendations. He also leverages a unique skill set that enables him to identify and work with the right federal and state regulators to pinpoint the heart of the issue and make recommendations to reach appropriate resolution. His previous experience strengthens his ability to provide counsel rooted in an understanding of not only the law, but also how legal issues or regulatory changes can impact clients’ business goals.


Ross works with clients to help them navigate through the myriad of state and federal health care regulatory challenges facing them. He regularly counsels clients to aid in structuring their business transactions and relationships in compliance with federal and state regulations, including change of ownership requirements, as well as federal anti-kickback statute and federal physician self-referral (or “Stark”) laws.

Linda Murphy, COO, Concierge Home Care

Linda Murphy, RN, BSN, COS-C, CDP, RN-BC is currently the COO of Concierge Home Care, a regional home health care consortium. She has been in the healthcare arena since 1987, and her experience has spanned a variety of clinical, operational, and leadership roles. In June of 2015, Linda had the opportunity to apply her wealth of knowledge in post-acute care as the CEO of Concierge Home Care. Concierge has offices throughout Florida, and in a short 5 years has become one of the largest providers in all the areas that they service. Their reputation as innovators and delivery of quality outcomes has allowed them partnerships with all their local hospitals as preferred providers. Linda has been involved with multiple bundling projects and ACO’s and initiated several pilot programs that have yielded reduced re-hospitalization rates while optimizing symptom management. She has been published multiple times and spoken on behalf of Home Health Quality Improvements National Campaign for best practices to improve Patient Outcomes.

Preston Brice, Partner, Grant Avenue Capital

Preston Brice is a Partner with Grant Avenue Capital and has spent his career focused on the healthcare services and HCIT sectors. Prior to Grant Avenue Capital, Preston was a Managing Director with MBF Healthcare Partners, which is a middle market healthcare-focused private equity fund. At MBF, Preston served on the Board of Directors for Carisk (Behavioral Health/ Catastrophic Care Management), Acorn Health (Autism Services in Home and Clinic), Strive Dental Management (Dental Service Organization), and Affinity Hospice.


Prior to MBF, Preston was with Apple Tree Partners (“ATP”), a $1.5 billion healthcare focused growth equity fund. During his time at ATP, he served as the interim CEO and a board member at Cure Forward (precision medicine technology platform) in addition to being actively involved with Clean Slate Addiction Treatment Centers, TripleCare (telemedicine for SNFs), and QualDerm Partners (dermatology practices). Preston has held other roles in private equity and investment banking (both M & A as well as leveraged finance) including time at The Beekman Group, a middle-market private equity fund, and CIT Group, a middle-market investment bank.


Preston earned an MBA from Columbia Business School, where he achieved Dean’s Honors and Distinction, and holds a BS in business administration from Boston University’s School of Management, where he graduated magna cum laude.

Presenter

Presenter: Jill Dyer, BSN, RN, HCS-D, HCS-O

People who choose a life of caring — and the organizations and communities they serve — deserve a special kind of support. So we help them to care smarter. Liberating them to focus on the people they serve. Providing solutions that make work flow, integrate insights, and update effortlessly.

Presenter

Presenter: Jill Dyer, BSN, RN, HCS-D, HCS-O

People who choose a life of caring — and the organizations and communities they serve — deserve a special kind of support. So we help them to care smarter. Liberating them to focus on the people they serve. Providing solutions that make work flow, integrate insights, and update effortlessly.

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About WellSky®

WellSky is a technology company leading the movement for intelligent, coordinated care. Our next-generation software, analytics, and services power better outcomes and lower costs for stakeholders across the health and community care continuum. In today’s value-based care environment, WellSky helps providers, payers, health systems, and community organizations solve tough challenges, improve collaboration for growth, harness the power of data analytics, and achieve better outcomes by further connecting clinical and social care. WellSky serves more than 20,000 client sites — including the largest hospital systems, blood banks, cell therapy labs, blood centers, home health and hospice franchises, post-acute providers, government agencies, and human services organizations. Informed by more than 40 years of providing software and expertise, WellSky anticipates clients’ needs and innovates relentlessly to ultimately help more people thrive. For more information, visit wellsky.com.


About WellSky

People who choose a life of caring — and the organizations and communities they serve — deserve a special kind of support. So we help them to care smarter. Liberating them to focus on the people they serve. Providing solutions that make work flow, integrate insights, and update effortlessly. So they're able to anticipate — and exponentially increase — the impact of care.

People who choose a life of caring — and the organizations and communities they serve — deserve a special kind of support. So we help them to care smarter. Liberating them to focus on the people they serve. Providing solutions that make work flow, integrate insights, and update effortlessly. So they're able to anticipate — and exponentially increase — the impact of care.