Legacy Hospice has expanded in Missouri by acquiring Safe Harbor Hospice for an undisclosed sum. Safe Harbor’s 13-county service region builds on Legacy’s footprint in southeastern Missouri. All told, Legacy now operates 19 locations in seven states, predominantly in rural areas. The company is backed by the Chicago-based private equity firm Prairie Capital. The Safe […]
Regulatory attention heating up in the hospice industry could be impacting buyers’ mergers and acquisitions decisions. Nuances in the regulatory environment can be difficult to navigate, perhaps more so for private equity and venture capital investors that are new to the industry. Changes to federal enforcement practices during the next year could bring some additional […]
A turbulent economy and slight cool-down in deal activity early in the year have led some to question whether the record-high valuations for hospice assets will start to tumble. Like most business sectors, health care has felt the aftershocks of global economic trends such as rising inflation, supply chain disruption, and the continued effects of […]
Disruption in home health reimbursement has an influence on the hospice mergers and acquisitions market, particularly among the rising number of companies offering both services. The most recent example is the 2020 implementation of the Patient-driven Groupings Model (PDGM). Uncertain about how this new payment system would impact their businesses, a number of strategic buyers […]
St. Croix Hospice has acquired Corpore Sano Hospice in Plymouth, Mich., the company’s second location in that state. Financial terms were undisclosed. St. Croix, which is backed by the private equity firm H.I.G. Capital, has been on a growth trajectory for at least the past three years, with a focus on Midwestern markets. In addition […]
Oklahoma-based Hospice provider CompleteOK recently entered the Texas market with the purchase of a license from Avenir Hospice Care for an undisclosed sum. With the license in hand, the company expects to open a de novo in that area within six months. Acquiring a license generally requires less capital than purchasing an entrenched asset already […]
Hospice provider Complete Oklahoma has acquired a license from Houston-based Avenir Hospice Care, establishing the company’s first foothold in Texas. Financial terms were undisclosed. The Complete Oklahoma deal clears the way for the company to launch a de novo in the burgeoning Texas market, according to Alex Veach, director of operations for the M&A advisory […]
Bristol Hospice has acquired Hospice Select in the Dallas-Fort Worth area for an undisclosed sum. Bristol is a large multi-regional player that has grown seven times larger since private equity firm Webster Equity Partners purchased the company in 2017. The hospice operates more than 45 locations across 13 states, with EBITDA that exceeds $70 million, […]
Mergers-and-acquisition activity continues to boom in the hospice space this year. Deal volume may exceed the record number from the prior two years. As many as 61% of the 203 hospice care professionals who responded to a recent Hospice News Outlook Survey and Report said they anticipate that hospice M&A activity will increase during 2022. […]
Traditions Health LLC has purchased Wichita-based hospice and home health provider Serenity Health Management for an undisclosed amount, giving the company a larger foothold in Kansas. While Traditions offers hospice in the Kansas City region, this transaction marks the entry of its home health business into the state. Traditions Health is a portfolio company of […]
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