Traditions Health has acquired Roswell, Ga.-based Homestead Hospice, which cares for more than 2,000 patients through 26 locations across Georgia, South Carolina, Alabama, Ohio, and Arizona.
Private equity-backed Traditions Health is a portfolio company of the family-owned investment firm Dorilton Capital Advisors. Headquartered in College Station, Texas, Traditions provides hospice, home health care and consulting services to an estimated 5,000 patients in 17 states.
The transaction bolsters the company’s footprint in the southeastern United States, including its first entry into the Alabama market.
“The scale, clinical and operational excellence that is being established with this combination of companies will create significant opportunities and advantages for our patients and employees,” said David Klementz, president and CEO of Traditions. “This is an enormous accomplishment for our organizations, and we could not be more excited to integrate two excellent organizations.”
Traditions Health has been active in the mergers and acquisitions market in recent years, completing close to a dozen transactions in 2019 and 2020. This activity has continued in 2021. Acquiring four companies in January, Traditions Health has continued a growth trajectory.
Texas-headquartered Traditions in October acquired Family Comfort Hospice in Scottsdale, Ariz., the company’s fifth location in that state. Financial terms were undisclosed.
Last month Traditions purchased the Kansas City locations of Lumicare Hospice for an undisclosed sum. Lumicare operates in both the Kansas and Missouri sides of that metropolitan area. The transaction marked Traditions’ entry into both of those markets.
The company earlier this year entered the Louisiana hospice market with the acquisitions of Grace Hospice & Palliative Care and Heritage Hospice early in the year, while also beefing up its home health operations in Oklahoma with the purchase of Traditions Home and Secure Home. Most recently Traditions bought Texas-based Area Community Hospice as well as AmeraCare Family Hospice and Home Health, located near New Orleans.
The company acquired Illinois-based Harbor Light Hospice at the close of 2020, and purchased Oklahoma-based Centennial Hospice for an undisclosed sum, and completed two deals in Sept. 2020, for Physician’s Choice Hospice and Palladium Hospice, as well as the purchase of Oklahoma-based Faith Hospice in August.
| “This combination enables our company to grow and expand our excellent end-of-life care throughout the nation while ensuring continuous and consistent delivery of the best quality of care for our patients,” said Mallie Abdsharafat, CEO and founder of Homestead Hospice. “We have chosen to combine with Traditions because we are like minded and believe in constant improvement of quality of care to achieve the best patient outcome.” |
Companies featured in this article:
Dorilton Capital Advisors, Homestead Hospice, Traditions Health
