Agape Care Group has acquired two hospices for undisclosed sums — Birmingham, Alabama-based Hope Hospice and Assured Hospice in Cartersville, Georgia.
Agape is a portfolio company of Ridgemont Equity Partners. With the addition of Hope Hospice, the company’s footprint has expanded across 20 Alabama counties. Through the Assured Hospice deal —coupled with a recent de novo in the Gainesville community — Agape covers all 159 counties in the state.
The company’s Georgia locations will rebrand as Georgia Hospice Care.
“We are thrilled to join forces with the Hope Hospice and Assured Hospice teams,” Troy Yarborough, CEO of Agape Care Group said in a statement. “Both have a talented staff with many years of experience in providing superior, patient-focused care to their communities.”
The two deals come on the heels of a series of transactions for Agape.
In October of last year, the company expanded into Alabama and Louisiana with the acquisition of Journey Hospice.
Agape in September 2022 acquired GHC Hospice for a confidential amount. GHC operated locations in South Carolina and Georgia, which are key growth markets for Agape.
Before that transaction, the hospice provider purchased Georgia-based Lanier Hospice in January and Hospice of the Carolina Foothills in May. Financial terms for each of these transactions are undisclosed.
Agape first entered Georgia in 2021 with a de novo in the Augusta community, near the South Carolina border.
Later that year, the company purchased Serenity Care and Integrity Hospice in separate transactions, both in the town of Dublin, Ga. The financial terms for each of those deals were confidential.
Hope Hospice’s decision to move forward with Agape was based on its track record on quality, cultural alignment and the opportunity to pool collective resources, according to Deb Stark, CEO and owner of Hope Hospice.
“Our decision to become a part of the Agape Care family is exciting for the future of hospice care in Alabama,” Stark said. “As a family-owned company, it was important for us to consider not only quality care and resources but also cultural alignment. Agape Care brings a passion to serve that mirrors Hope Hospice’s mission and values. We are looking forward to this journey together and the opportunity to serve more Alabamians who need us.”
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