Agape Care Group Acquires GHC Hospice

Hospice provider Agape Care Group has acquired GHC Hospice for an undisclosed sum, furthering the company’s goal of multistate expansion through the Southeast. South Carolina-headquartered Agape is a portfolio company of the private equity firm Ridgemont Equity Partners. Geography was a key consideration in their newest transaction. GHC serves patients in South Carolina and Georgia, […]

Agape Care Purchases Lanier Hospice in Georgia

South Carolina-headquartered Agape Care is steaming forward with its plans for multi-state expansion with the acquisition of Lanier Hospice in Georgia for an undisclosed sum. The deal extends Agape’s footprint to 98 Georgia counties, covering 65% of the state. Agape is a portfolio company of the private equity firm Ridgemont Equity Partners, which last October […]

Vistria Group Sells Agape Care to Ridgemont Equity Partners

Private equity firm the Vistria Group has sold hospice provider Agape Care Group to Ridgemont Equity Partners. Financial terms were not disclosed. The deal follows a period of accelerated growth for Agape, which has completed multiple acquisitions in its own right since Vistria purchased the company three years ago. Agape’s footprint covers 45% of Georgia […]

St. Croix Hospice Purchases Three Companies from LifeCare Collective

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 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 Hospice Opens Missouri De Novo

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 […]

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 […]

Hospice Topping Other Health Care Sectors on M&A

Hospice providers are charging ahead with merger and acquisition transactions this year despite taking a few financial punches from the COVID-19 pandemic. While the larger health care M&A market saw more disruption, hospice activity proceeded apace according to a new report from Provident Healthcare Partners. Acquisitions in the health care services sector slowed significantly in […]