Kain Capital Forms New Hospice Holdings Company, Makes First Acquisition

Kansas City-based Hospice Care of America (HCA) was recently acquired by a newly formed holdings company established by the private equity firm Kain Capital LLC. Financial details of the transaction were undisclosed. Kain Capital established PERA Holdings as a way to gain a foothold in the hospice market. HCA marks the company’s first purchase, acquiring […]

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 […]

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 […]

St. Croix Hospice Continues Expansion in Wisconsin

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 […]

St. Croix Hospice Acquires Silverado Location in Illinois

St. Croix Hospice has made its second acquisition in Illinois, a location of Silverado Hospice. St. Croix, a portfolio company of the private equity firm H.I.G. Capital, first entered the Illinois market with the purchase of Hospice Care of America in April. Financial terms of the transaction were not disclosed. California-headquartered Silverado Hospice is currently […]

St. Croix Enters Michigan Market with CNS Hospice Deal

Minnesota-headquartered St. Croix Hospice has moved into the state of Michigan with the purchase of CNS Hospice for an undisclosed amount. The Troy, Mich.-based provider serves the Detroit metropolitan area.  St. Croix, a portfolio company of the private equity firm H.I.G. Capital, has been aggressive in pursuing growth during 2020 and 2021. St. Croix opened […]

St. Croix Hospice Expands with New Wisconsin Location

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 Expands with Iowa De Novo

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 […]

St. Croix Enters Illinois Market with Hospice Care of America Purchase

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 […]