St. Croix Hospice, a portfolio company of the private equity firm H.I.G. Capital, has opened a new location in Hudson, Wisc., the company’s fourth de novo thus far in 2021. When selecting a new market to enter, St. Croix looks for symmetries between potential new locations and their existing operations. They estimate the extent to […]
St. Croix Hospice, a portfolio company of the private equity firm H.I.G. Capital, has opened a de novo in Duluth, the second largest metropolitan area in the company’s home state of Minnesota. Demographic tailwinds offer strong support for hospice businesses in Minnesota. Seniors aged 65 and older comprise 15% of the Minnesota population, according to […]
Chicago-based private equity firm The Vistria Group has agreed to recapitalize and invest in the growth of the post-acute data analytics and machine learning companies Muse Healthcare and Medalogix. Joining Vistria as minority investors are the home health and hospice providers LHC Group (NASDAQ: LHCG), Amedisys (NASDAQ: AMED), and Encompass Health (NYSE: EHC). The dollar amount […]
Trends in market share growth can demonstrate how well hospices were able to recover from the headwinds brought on by the coronavirus pandemic. New data from Trella Health indicate that in many cases large national organizations were able to return to pre-pandemic admission levels faster than smaller companies and nonprofits. Nationally, Amedisys Inc. (NASDAQ: AMED) […]
St. Croix Hospice, a portfolio company of the private equity firm H.I.G. Capital, has launched a de novo location in Sioux City, Iowa. This is the company’s third de novo during 2021. St. Croix opened seven new locations during 2020 and has been active in the mergers and acquisitions market. The company moved into Illinois […]
Crossroads Hospice & Palliative Care has launched a new technology platform to help reduce the plague of social isolation afflicting patients alongside the COVID-19 pandemic. The new Crossroads Connections program targets patients residing in the long-term care setting, where pandemic-related restrictions have often prevented patients from seeing loved ones as well as hospice staff. Crossroads […]
Minnesota-based St. Croix Hospice has entered the Illinois market through the acquisition of Hospice Care of America in the city of Rockford. Financial terms of the transaction were not disclosed. St. Croix’s approximately 800 employees care for more than 2,200 patients daily out of 39 locations in seven Midwestern states. The organization is a portfolio […]
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 […]
Private equity interest in the hospice sector has been gaining momentum in recent years, raising the stakes in hospice deals and stepping up competition for acquisition targets. Private equity transactions and an influx of new deals during 2021 could drive up hospice valuations that have already reached record highs. The hospice market remained extremely active […]
St. Croix Hospice, a portfolio company of the private equity firm H.I.G. Capital in Missouri, has expanded with a de novo in the city of Independence, further building its footprint in the western portion of that state. H.I.G. Capital acquired St. Croix from PE firm the Vistria Group last year for an undisclosed amount in […]
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