The Chicago-based private equity firm the Vistria Group has agreed to sell St. Croix Hospice to an affiliate of the investment company H.I.G. Capital for an undisclosed amount. Vistria’s portfolio focuses on health care, education and financial services. Minnesota-headquartered St. Croix has a substantial Midwestern footprint that extends across six states and has been on […]
Health care technology company WellSky, which works extensively in the hospice and post-acute care space, has inked a definitive agreement to purchase CarePort Health from its parent company Allscripts (NASDAQ: MDRX) for the sum of $1.35 billion. CarePort develops software platforms designed to better connect post-acute care providers with payers. The acquisition is expected to […]
A joint venture between LHC Group (NASDAQ: LHCG) and CHRISTUS Health has acquired CHRISTUS Santa Rosa Hospice in San Marcos, Texas, for an undisclosed sum. Santa Rosa will rebrand as CHRISTUS Hospice — Central Texas following the closing of the transaction, expected Nov. 1. Joint ventures form the cornerstone of LHC Group’s hospice mergers and […]
Post-acute company Charter Health Care Group has purchased Vitality Home Healthcare in Denver and Salt Lake City-based Heartwood Home Health & Hospice for an undisclosed sum. These transactions make four hospice acquisitions to date in 2020 for Charter Health. Charter is a portfolio company of the private equity firm Pharos Capital Group. The company provides […]
Maryland-based Hospice of the Chesapeake has acquired Hospice of Charles County for an undisclosed sum. The organization has also created a new brand identity, though its name will not be changing. This transaction makes Hospice of the Chesapeake one of the largest providers in their region. “We are grateful to the Hospice of Charles County […]
Bridges Health Services is merging with Las Vegas-based home health and hospice companies Gentlecare Home Health and Renaissance Hospice and Los Angeles-based home health and hospice companies Supreme Healthcare Inc. and Supreme Hospice Inc. Bridges Health Services was founded by Carolyn Romero, a home health and hospice nurse. The more than 10-year-old company has a […]
Pharmacy services giant PharMerica has acquired OnePoint Patient Care (OPPC). OPPC provides medications and pharmacy benefits management services to more than 350 hospices nationwide. Financial terms were undisclosed. OPPC operates out of 15 locations nationwide. The company offers same-day local dispensing and delivery through owned pharmacies in all 50 states, serving as many as 32,000 […]
Private-equity firms have been investing heavily in hospice during the past few years, a trend that is not expected to slow. However, a new crop of investors are also moving into the space such as search funds and family offices seeking to capitalize on rising demand and the promise of demographic tailwinds as the population […]
The Pennant Group (NASDAQ: PNTG) has purchased Harmony Hospice in Las Vegas. Harmony was one of three affiliated hospices. Pennant Group acquired the other two earlier this year. The transaction closed on Oct. 1, and financial terms were kept confidential. Pennant, which owns and operates hospice provider Cornerstone Healthcare, in 2019 was spun off from The […]
Hospice and home health provider LHC Group (NASDAQ: LHCG) has acquired Santa Rita Hospice in Aurora, Colo. Santa Rita will rebrand as At Home Hospice and will share space with At Home Healthcare, LHC Group’s home health agency in that community. Financial terms for the asset purchase were undisclosed. Santa Rita’s average daily census is […]
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