St. Croix Acquires Corpore Sano Hospice in Michigan

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 […]

St. Croix Hospice Continues Missouri Expansion

St. Croix Hospice has expanded in Missouri with a Jefferson City de novo in the central region of the state. This is the company’s seventh Missouri location, bringing the number of counties St. Croix Hospice serves in the Show-Me State to 44. They opened a previous de novo in the city of Independence last March. […]

St. Croix Expands in Illinois, Acquires Lexington Hospice Care

St. Croix Hospice has acquired Lombard, Ill.-based Lexington Hospice Care. The company entered the Illinois market last year through a prior transaction. Financial terms were undisclosed. St. Croix, which is backed by the private equity firm H.I.G. Capital, has been on an expansion blitz for at least the past three years, with a focus on […]

Hospice M&A to Stay Hot as Home Health Picks Up Steam

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. […]

Labor Shortage, Referral Stream Recovery Top of Mind for Hospices

More than 67% of the 203 hospice care professionals surveyed indicated that staffing was their greatest non-COVID related challenge in 2022, according to the 2022 Hospice News Outlook Survey and Report. This is a rise from 33% the prior year. Staffing shortages have long been a thorn in the side of the hospice industry and […]

St. Croix Expands with New South Dakota Location

St. Croix Hospice has expanded into South Dakota, a new market for the Minnesota-based company. The hospice began considering the move in response to feedback from employees who formerly resided in the state. South Dakota is the ninth state to which St. Croix has expanded. The company has a number of staff members who originated […]

St. Croix Hospice Grows With Kansas De Novo

Minnesota-based St. Croix Hospice has expanded in Kansas with a de novo in the Overland Park Community, near the Kansas City metropolitan area. This follows six new locations the company opened in 2021, in addition to seven during 2020. St. Croix is backed by the private equity firm H.I.G. Capital, which acquired the hospice provider […]

Hospice CEOs: Rising Regulatory Scrutiny Could Spur 2022 Acquisition Market

The hospice merger and acquisitions market has been running hot, with activity showing no signs of cooling as 2022 kicks off. Even so, intensifying regulatory pressure could lead a larger contingent of smaller providers to sell, further stimulating the market. M&A activity in the home health and hospice spaces outpaced other health care service sectors […]

St. Croix Expands with Minnesota De Novo

St. Croix Hospice continues to grow, now with a new location in Baxter, Minn. This is the company’s sixth de novo in 2021, following an additional seven that opened during 2020. St. Croix is backed by the private equity firm H.I.G. Capital, which acquired the hospice provider last year from the Vistria Group for an […]

Hospice Fee-For-Service Model Attractive to Investors

Favorable demographics and rising demand are attracting a range of investors to the hospice space, with private equity leading the way in terms of deal volume. However, the fee-for-service payment model within the Medicare Hospice Benefit is also a key driver of buyers’ interest. Value-based payment programs have opened up to hospices in 2021. This […]