During the last several years, the hospice mergers and acquisitions market has luxuriated in an upsurge in volume and valuations. The market strength displayed throughout 2016-2018 continued through the boom quarters of 2019, and the M&A advisory firms’ outlook for 2020 was positive. As 2019 closed, however, the firms’ partners could not have anticipated the rapid growth and potential impact of the COVID-19 pandemic. As firms now gear up, taking steps to protect their patients, staff, operations, and bottom lines, they must also face the question of how changing economic conditions may affect the still-flourishing M&A market.
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