Bristol Hospice Sale Moves Into Second Round of Bids

The sale of Bristol Hospice by private equity backers Webster Equity Partners is moving into the second face of the acquisition process. The remaining bidders are all private equity firms, with strategic buyers stepping out of the process after the first round, which took place last week, PE Hub reported. Bids are reportedly reaching as […]

BrightSpring Moves Into Hospice Space with Abode Healthcare Acquisition

BrightSpring Health Services has purchased Abode Healthcare from Summit Partners with a reported valuation of $775 million, PE Hub reported. The transaction is projected to bring the combined company roughly $6 billion in annual revenue. Louisville, -based BrightSpring’s total value currently rests at approximately $10 billion. Brightspring is a portfolio company of the global investment […]

Webster Gets Ball Rolling on Bristol Hospice Sale

Private equity firm Webster Equity Partners has officially launched the sale process of its Bristol Hospice asset, according to PE Hub. Bristol is one of the last private equity-backed hospice companies of scale that is likely to come to market in the near future. Bristol is a large multi-regional player that has grown seven times […]

Private Equity Bullish on Hospice in 2021

The hospice and home health sectors saw strong consolidation activity at the end of 2020, according to a fourth quarter report from Provident Healthcare Partners. The report indicated that increased private equity transactions and an influx of new deals during 2021 will be attracting interest and driving heightened valuations in a growing hospice market. Private […]

Encompass Committed To Hospice Growth While Weighing Spin Off, Sale

Encompass Health (NYSE: EHC) will continue to pursue hospice expansion as the company considers a strategic repositioning of its hospice and home health assets. Encompass announced in December that its leadership was pondering a spin off or other action for hospice and home health.  Other options under consideration include a potential merger, sale, initial public […]

Webster Equity Partners Plans Sale of Bristol Hospice

Private equity firm Webster Equity Partners is considering the sale of Bristol Hospice, which operates 35 locations across 10 states, PE Hub has reported. Bristol’s EBITDA is in excess of $70 million, indicating that the company is about seven times larger than when Webster first acquired it in 2017, according to PE Hub. That degree […]

Bristol Acquires Companion Hospice California Locations

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 […]

Potential Hospice of the Northwest Sale Cancelled

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 […]

Non-Traditional Buyers Flocking to Hospice M&A Market

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 […]