Hospice Providers Quickly Opening Inpatient Units for COVID-19

April 22, 2020

Hospices are adapting their inpatient facilities to care for COVID-19 patients as the number of people afflicted with the virus continues to swell. Though many, if not most, coronavirus patients receive care in their homes, in some instances the severity of symptoms necessitates inpatient care. 

Georgia-based Hospice Savannah and some locations of the national chain Compassus are among the providers who have converted existing facilities into a space suitable for potentially infection patients. Last October, private equity firm Towerbrook Capital Partners and health system Ascension Health agreed to acquire Compassus at a valuation of $1 billion, with multiples of EBITDA in the low teens.