November 11, 2022
Forecasts show that hospice M&A deals will finish 2022 up 20% from 2020. What does this sharp increase mean for the hospice industry?
There is a greater demand for hospice now than there has been in the past due to the steady increase of people aging.
“Greater demand for hospice care is fueled by the steady aging of the population. For example, some 51% of all Medicare deaths in 2019 were enrolled in hospice at the time. That’s up from 48% in 2017 and 50% in 2018. That growth is expected to continue, as the U.S. Census Bureau projects that 25% of Americans will be 65 and older by 2060, up by 17% from 2020.
The increased appetite for hospice care is also a function of the cost savings that comes from discharging more hospital patients directly into hospice care. Roughly 20 years ago, hospice was primarily used for cancer patients. Now it’s being used for nearly every cause of death, including heart disease, dementia, and lung disease.” This is driving the M&A market to skyrocket.
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