Fortis Home Health & Hospice has acquired Indianapolis-based Select Home Health for an undisclosed sum. Fortis, a portfolio company of the private equity firm Grant Avenue Capital, will share ownership with Select’s founders, who have reinvested in the hospice, as well as additional, unnamed stakeholders. The acquisition expands the Salt Lake City-based Fortis footprint into the Midwest.

Fortis is a brand of Valeo Home Health & Hospice, which Grant Avenue purchased in January from the skilled nursing facility operator Eduro Healthcare. Financial terms of that deal were undisclosed. It marked the PE firm’s first foray into the hospice and home health space. In Dec. 2020 the firm launched a “home-based care buy and build initiative” to pursue these kinds of investments.

In conjunction with the Select transaction, Fortis announced the appointment of Mike Gregory, a hospice nurse by background, as president and chief growth officer of Fortis.

“The founders of Select built their organization to deliver the highest quality of patient care, which is exactly inline with Fortis’ mission and why we are so excited to partner with them,” Gregory said.

Select provides home health and private duty services. The transaction is Grant Avenue’s eighth tuck-in acquisition this year.

In April, the firm acquired Hearts for Hospice & Home Health in Utah for an undisclosed sum. Hearts was a division of Abode Healthcare, which itself was recently acquired by BrightSpring Healthcare for a reported $775 million, according to PE Hub.

“We plan to accelerate the expansion of Select and our broader home-based care platform, Fortis, through continued investment in the clinical and leadership teams combined with strategic acquisitions, partnerships and de novo launches,” said Buddy Gumina, founder and managing partner of Grant Avenue Capital.