Wisconsin-headquartered Legacy Care Partners Inc. has acquired Superior Home Health and Superior Hospice of Texas. Financial terms were undisclosed.
Combined, Superior’s home health and hospice businesses operate seven locations that serve 50 Texas counties and more than 500 cities. The transaction expands Legacy’s existing footprint in Texas. The company also provides care in Florida, Michigan and Wisconsin.
“We extend a warm welcome to Superior Home Health and Superior Hospice into the Legacy Care Partners family,” Brian McDonald, CEO and president of Legacy Care Partners Inc., said in a statement. “This strategic acquisition positions us to broaden our impact in Texas, ensuring that more communities have access to the high-quality health care services they deserve.”
Hospice utilization in Texas runs high, with 143,284 Medicare decedents using these services in 2021, according to the U.S. Centers for Medicare & Medicaid Services (CMS). Only California and Florida had higher volumes of hospice decedents, at 156,000 and 154,521, respectively.
Seniors 65 and older represent 13.4% of the Lone Star State’s overall population, according to the U.S. Census Bureau.
“As Superior approaches its 20th anniversary, this business combination enhances and leverages synergies, expanding and strengthening the Superior brand as a subsidiary of Legacy Care Partner Inc.,” Belinda Juarez, president and founder of Superior Home Health and Superior Hospice, said in a statement.
Legacy Care Partners offers home care, assisted living, memory care, hospice and funeral services. The company is the result of a reverse merger between Trailblazer Resources Inc. (TBLZ:OTC/BB) and Legacy Care Partners LLC. A reverse merger occurs when a private firm goes public by purchasing an existing public company.
As of 2023, the company is in the process of relisting on the OTC/QX exchange with long-term plans to list on the NASDAQ. The over-the-counter (OTC) market is a decentralized market where securities that are not listed on major exchanges are traded directly by a network of dealers.