Where Risk and Opportunity Sit in the Hospice Market

In a market-segmentation analysis for an investor weighing a hospice roll-up, we mapped the entire Medicare-certified hospice universe in the Aequalis platform and tied each agency to its true economic owner. The clinical risk doesn't sit with the large platforms drawing headlines — it concentrates in a small corner of fast-growing micro-portfolios that flag across most of their agencies. A clear risk-and-opportunity map for anyone underwriting scale in hospice.