HEART 2 HEART HOSPICE CARE LLC

PORTLAND, ORCCN: 381581

YELLOW

CON State

Overall

56.7

Quality

46.7

Compliance

50.0

Operational

50.0

Market

80.0

Contact Information

Address

14020 SE JOHNSON ROAD, SUITE 101

PORTLAND, OR 97267

Phone

(503) 252-5676

Website

No website on file

Administrator

RACHEL ARON, ADMINISTRATOR

Financial & Registry Data

Cost Report (2024)

Revenue$2.8M

Expenses$2.7M

Net Income$0.17M

Cost/Day$118

Provider Details

CountyMultnomah

Ownership TypeFor-Profit

ADC34

ADC Fittarget

Service Area (ZIPs)68

Market TypeUrban

CertifiedNov 10, 2022

County Demographics

65+ Population123,618

% 65+15.3%

Median Income$83,668

Ownership Profile

Complexitycomplex

Owner Count12

PE/Investment BackedNo

Chain AffiliatedNo

Recent Ownership ChangeYes

Classification Reasons

Positive: ADC (34) within target range

Positive: CON state provides regulatory moat

Concern: Quality needs review (score: 47)

Concern: Compliance risk moderate (score: 50)

Outreach Status

Readiness

Monitor - Complete diligence first

Deal Type

Possible platform or large tuck-in

Sell-Side Hypothesis

Complex ownership may create partnership disputes or exit pressure

Rating Sensitivity

Upgrade Triggers

Quality improvement above 70 threshold; Compliance metrics improvement

Downgrade Triggers

Compliance score drop below 40; Quality score drop below 30; CMS enforcement action

Owner Carry-Back Analysis

77/100

HIGH

Independent Ownership+30

Not backed by private equity - more likely to consider creative financing

Standalone Operation+20

Not part of larger chain - owner has full decision authority

Multiple Owners+5

Multiple stakeholders may complicate carry-back terms

Ideal Size+15

ADC 20-60 is perfect for owner carry-back - established but manageable

Recent Change+2

Recent ownership change - may indicate PE flip or distressed situation

For-Profit+5

For-profit structure - owner seeks return, more receptive to deal structures

Prime Owner Carry-Back Candidate

This provider shows strong indicators for owner financing. Single/simple ownership structure, no PE involvement, and ideal operational size suggest the owner may be receptive to a seller note arrangement. Consider approaching with a 10-20% carry-back proposal.

View All Owner Carry-Back Opportunities

Data Quality & Completeness

Completeness Score

85%

Data Quality

HIGH

Confidence

High (0.90)

Missing Fields

quality_stars

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Data Source: CMS Provider Data Catalog Nov 2025, PECOS Q1 2026 • Analysis Date: Jan 26, 2026