2018 was a banner year for mergers & acquisitions in the home health, private duty home care, and hospice industries. We saw more deals announced and closed than any year in recent history.
For hospice organizations looking to sell, the market has never been hotter. That is, of course, if a seller has all of its clinical records and compliance documentation in order.
2018 was a turbulent year for the Behavioral Health Composite, up nearly 25% through March, only to fall in the last quarter -- down 36% for the year.
Many people assume that when the subject of “exit” comes up with a business owner, we are discussing the owner’s retirement. This is not always true, and assuming it is true creates problems for owners, their companies, and their families.
The Behavioral Health Composite was down 4.0% for the month of October. The S&P 500, by comparison, was down 7.3% during the same period.
If you intend to exit by selling your company, either to an outside buyer (a competitor, private equity group, etc.) or an inside buyer (one or more employees), the price you receive at sale will likely be closely tied to the company’s earnings. The higher the earnings, the higher the likely sale price.
Few business tools are as overlooked and under appreciated as the organizational (“org”) chart. Likely, you have diagramed one for your company.
The number one goal most business owners wish to achieve at exit is to reach personal financial freedom. (We define financial freedom as reaching a point where working is a personal choice, not an economic necessity.)
Acadia Healthcare (ACHC), American Addiction Centers (AAC), and Universal Health Services (UHS) – was down 9.6% for the months of August and September.
This is, in fact, the first time in more than a decade that home health, home care and hospice are all selling at relative high valuations.