Charter Health Group Acquires Hospices in Nevada and Arizona

Charter Health Care Group, a portfolio company of the private equity firm Pharos Capital Group, has purchased St. Luke’s Home Hospice in Las Vegas and Phoenix-based Arizona Select Hospice for an undisclosed sum. Both of those providers were part of the VeraCare Hospice system. California-based Charter provides a range of post-acute care services that include […]

Experts Predict No COVID-19 Impact on Hospice M&A

During the last several years, the hospice mergers and acquisitions market has luxuriated in an upsurge in volume and valuations. The market strength displayed throughout 2016-2018 continued through the boom quarters of 2019, and the M&A advisory firms’ outlook for 2020 was positive. As 2019 closed, however, the firms’ partners could not have anticipated the […]

St. Croix Hospice Acquires Serenity Care

Minnesota-based St. Croix Hospice has purchased Serenity Care Hospice in Harrison, Mo., for an undisclosed amount. St. Croix is a portfolio company of the Chicago-based private equity firm Vistria Group.  The transaction marks St. Croix’s entry into the Missouri market. Serenity Care Hospice serves about 100 patients daily in five Missouri counties. Executive Director Stephanie […]

Cornerstone Acquires Hospice of Missoula

Cornerstone Healthcare, a subsidiary of hospice, home health and senior living company the Pennant Group (NASDAQ: PNTG), has purchased Montana-based Hospice of Missoula for an undisclosed amount, marking the company’s first foray into that state’s market.  Pennant indicated that the company intended to seek out further acquisition opportunities throughout 2020, targeting strategic and underperforming organizations […]

Hospice, Home Care Providers Empath Health and Stratum to Merge 

Empath Health, owner of Suncoast Hospice, and Stratum Health, which operates Tidewell Hospice, plan to merge their two companies with an anticipated integration date of January 2023. The two Florida-based companies intend to build a combined, hospice-based integrated care network that would provide home- and community-based services to patients suffering from serious and chronic disease […]

Three Oaks Hospice Purchases Peace Hospice & Palliative Care

Dallas-based Three Oaks Hospice has acquired Peace Hospice & Palliative Care in Naperville, Ill., for an undisclosed amount. Relatively new to the hospice arena, Three Oaks opened its doors in May 2019 and jumped quickly into the mergers and acquisitions market with the September purchase of three hospices in the company’s home state of Texas. […]

Investors Lean Towards Hospice Amid Disruption in Home Health Space

Investors and companies seeking strategic acquisitions are showing rising interest in an already booming hospice M&A market as they await the fallout from home health care’s transition to the Patient Driven Groupings Model (PDGM), according to an analysis by Provident Healthcare Partners, an investment bank focused on the middle market in the health care space. […]

Prairie Home Hospice to Acquire Fieldcrest Assisted Living

Marshall, Minn.-based Prairie Home Hospice & Community Care has agreed to purchase Fieldcrest Assisted Living, located in nearby Cottonwood, Minn. Assisted living is a growth area for hospice. Between 2011 and 2019 hospice utilization overall rose by 35%; however, hospice utilization in assisted living facilities increased by more than 100%, according to a 2019 report […]

Hospice Saw Largest 2019 M&A Deals in Care-at-Home Sector

Hospice led the charge on mergers and acquisitions during 2019. Dollar amounts for hospice transactions surpassed those in similar markets such as home health care, even though fewer deals occurred last year in the hospice, home health care and home care spaces than in 2018, according to a new quarterly M&A report from advisory firm […]

Hospice Care of South Carolina Purchases Agape Hospice

Hospice Care of South Carolina (HCSC) has completed the acquisition of Spartansburg, S.C.-based Agape Hospice for an undisclosed sum. HCHC is a portfolio company of The Vistria Group, a private investment firm located in Chicago.  The combined company’s more than 800 employees care for a patient population that exceeds 1,400 people throughout 46 South Carolina counties. […]