Private equity firms are increasingly targeting hospice care platforms, with five deals completed in recent months. Kinderhook Industries leads the pack with its $1.1 billion acquisition of Enhabit, marking the firm's entry into hospice care. The deals reflect growing demand for home-based care services and specialized hospice programs tailored to specific demographics.

Medicare reimbursement challenges in home healthcare are pushing providers toward hospice services to offset margin pressure. Renovus-backed Superior Health Holdings acquired Pulse Home Health and Hospice in February, while Trive Capital and Coltala Holdings-backed Choice Health at Home acquired Alliant Home Health. These platform-level transactions involve larger organizations with broad geographic footprints.

The Care Team, backed by Revelstoke Capital, acquired select hospice operations from Traditions Health in December, while Linden Capital's Agape Care Group bought Community Hospice of South Alabama in November. These deals demonstrate ongoing consolidation at local and regional levels in hospice care.