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 […]
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 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 […]
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 […]
As the volume of mergers and acquisitions in the hospice space continues to skyrocket, St. Croix Hospice, a portfolio company of the private equity firm H.I.G. Capital, has been among the providers fueling a robust market. St. Croix Hospice currently provides services to approximately 2,700 patients from more than 50 locations in Illinois, Iowa, Kansas, […]
The Future Leaders Awards program is brought to you in partnership with PointClickCare. The program is designed to recognize up-and-coming industry members who are shaping the next decade of senior housing, skilled nursing, home health and hospice care. To see this year’s future leaders, visit https://futureleaders.agingmedia.com/. Ashley Arnold, vice president of clinical services, St. Croix […]
St. Croix Hospice, a portfolio company of the private equity firm H.I.G. Capital, has increased its minimum pay for all full-time positions at the agency to $20-per-hour effective Oct. 10. The increase applies to both clinical and back-office staff. St. Croix currently services about 2,700 patients from more than 50 locations in Illinois, Iowa, Kansas, […]
St. Croix Hospice, a portfolio company of the private equity firm H.I.G. Capital, has acquired three Missouri companies from LifeCare Collective — HomeCare of Mid Missouri, Nurses & Company and Transitions Hospice. Financial terms were undisclosed. The deal adds four locations to St. Croix’s footprint, bringing their total number of Missouri offices to six. Texas-based […]
St. Croix Hospice has extended its footprint in Wisconsin with a de novo in the Oak Creek community in the southeastern portion of the state. St. Croix is a portfolio company of the private equity firm H.IG. Capital, which acquired the hospice provider last year for an undisclosed sum. The company has been aggressive on […]
The Future Leaders Awards program is brought to you in partnership with PointClickCare. The program is designed to recognize up-and-coming industry members who are shaping the next decade of senior housing, skilled nursing, home health and hospice care. To see this year’s future leaders, visit https://futureleaders.agingmedia.com/. Abbie Watson, Vice President of Central Operations, St. Croix […]
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