Traditions Health, LLC, has purchased two hospice companies in Louisiana as well as two home health operations in Oklahoma. The hospice acquisitions – Grace Hospice & Palliative Care and Heritage Hospice – mark the company’s entry to the Louisiana market. The two acquired home health agencies are Traditions Home Care and Secure Home Care. These […]
Bristol Hospice, a portfolio company of Webster Equity Partners, has purchased the California operations of Companion Hospice for an undisclosed amount. Companion will retain its Texas and Arizona locations. The acquisition fills a geographic gap in Bristol’s service area, in which Companion Hospice cares for more than 600 patients per day. Financial terms of the […]
LHC Group, Inc. (NASDAQ: LHCG) has finalized the acquisitions of Grace Hospice in Tulsa, Okla., as well as two affiliated providers in Mesa, Ariz., East Valley Hospice and East Valley Palliative Care. The Grace transaction marks LHC Group’s entry into the Oklahoma hospice market, where the company already has a home health presence. LHC Group’s […]
Public district hospital boards in Washington state have opted not to sell Hospice of the Northwest to a private-equity backed provider. Hospice of the Northwest is a joint venture between Public Hospital District No. 1, Skagit Regional Health, Public Hospital District No. 304, and United General District 304 health care systems. The sale has been […]
Post-acute care company AccentCare and Rosemont, Ill.-based Seasons Hospice & Palliative Care have completed their planned merger, having cleared customary regulatory and governance hurdles. The combined company will provide a full continuum of home-based health care services, including hospice, palliative care, home health care and personal care. AccentCare is a portfolio company of the private equity […]
Post-acute care providers Empath Health and Stratum Health have received approval to merge from their boards of directors, clearing the way for the deal to close. Regulatory approval is pending and is expected to come through in Jan. 2021. Empath and Stratum are parent companies of Suncoast Hospice and Tidewell hospice, respectively. Their merged enterprise […]
Brookdale Senior Living’s (NYSE: BKD) is considering selling off its home health and hospice businesses. The company may seek a private equity-backed, a strategic buyer or a combination of the two, according to a report by PE Hub. Whispers of a potential sale come on the heels of a troubled year for the senior housing […]
Hospice provider The Care Team has acquired InTeliCare Home Health & Hospice in Michigan for an undisclosed amount. The Care Team is a portfolio company of the Denver-based private equity firm Revelstoke Capital Partners. In addition to hospice care, The Care Team providers in-home nursing services, physical therapy, home health care and speech and occupational […]
Private equity-backed hospice and home health provider Traditions Health, LLC has purchased Oklahoma-based Centennial Hospice for an undisclosed sum. The move expands the company’s footprint in the Oklahoma City market. Traditions is a portfolio company of family-owned investment firm Dorilton Capital Advisors. Headquartered in College Station, Texas, the company provides hospice, home health care and […]
Addus HomeCare Corporation (NASDAQ: ADUS) has acquired personal care provider SunLife HomeCare in Tucson, Ariz., for an undisclosed amount. SunLife brings in annualized revenues of $2.6 million. Expansion has been a priority for Addus as the company seeks to build a home health and hospice footprint that matches its personal care operations, its largest business […]