Hospices Mobilize Dedicated COVID Teams

Hospices nationwide are designating specific interdisciplinary clinicians who work exclusively with COVID-positive patients to reduce risk to the rest of their staff and vulnerable patient populations. Selecting staff to serve on dedicated COVID teams has involved several considerations and additional measures as hospices work to minimize exposure. “The communities we serve in general are seeing […]

St. Croix Hospice De Novo Extends Footprint in Midwest

St. Croix Hospice, a portfolio company of the Chicago-based investment firm the Vistria Group, has opened a new location in Humboldt, Iowa that will serve patients in 10 counties in that state. With the establishment of this de novo, Minnesota-headquartered St. Croix will serve more than 75% of Iowa counties. Iowa ranks fifth in the […]

Hospice M&A Flourishes in Q1 Despite Outbreak

The first quarter of 2020 has borne out the expectation that the COVID_19 pandemic would have little impact on hospice mergers and acquisitions, at least in the short term. Close to 15 M&A transactions occurred during Q1. This slightly exceeds the 14 transactions that occurred during the fourth quarter of 2019 and beats the total […]

St. Croix Hospice Opens Midwest De Novo

St. Croix Hospice, based in St. Paul, Minn., further expanded its reach of services across the Midwest with a new location in LaCrosse, Wisc. The investment into the state’s hospice market has the potential to impact more than a million senior citizens living in that state. St. Croix is a portfolio company of the Chicago-based […]

St. Croix Hospice Acquires Serenity Care

Minnesota-based St. Croix Hospice has purchased Serenity Care Hospice in Harrison, Mo., for an undisclosed amount. St. Croix is a portfolio company of the Chicago-based private equity firm Vistria Group.  The transaction marks St. Croix’s entry into the Missouri market. Serenity Care Hospice serves about 100 patients daily in five Missouri counties. Executive Director Stephanie […]

Hospice Care of South Carolina Purchases Agape Hospice

Hospice Care of South Carolina (HCSC) has completed the acquisition of Spartansburg, S.C.-based Agape Hospice for an undisclosed sum. HCHC is a portfolio company of The Vistria Group, a private investment firm located in Chicago.  The combined company’s more than 800 employees care for a patient population that exceeds 1,400 people throughout 46 South Carolina counties. […]

Hospices Leverage Machine Learning to Improve Care

Hospice providers are using new machine learning tools to identify patients in need of their services earlier in the course of their illnesses and to ensure that patients receive appropriate levels of home visits in their final days.   While hospice utilization is rising, lengths of stay for many patients remains too short for them to […]

St. Croix Hospice Opens Minnesota De Novo

Minnesota-based St. Croix Hospice has grown its footprint in its home state with a new location in Grand Rapids. St. Croix is a portfolio company of the Chicago-based private equity firm Vistria Group.  St. Croix has been well positioned for growth, opening five de novos in Wisconsin, Nebraska and Minnesota during the past 12 months.  […]

Hospice M&A Market Goes Strong in Third Quarter

The hospice space saw at least 10 hospice merger & acquisition transactions during the third quarter, a slight dip from the second quarter in which 14 transactions took place. Despite this decline, the hospice M&A market continues to go strong. The hospice merger and acquisitions market has been thriving in recent years, with several top […]

St. Croix Hospice De Novo Expands Nebraska Footprint

St. Paul, Minn.-based St. Croix Hospice has expanded its footprint in Nebraska by adding a new location in the state’s Grand Island community. Establishment of the new office resulted from community stakeholder requests for additional hospice services in the area, according to the hospice. St. Croix is a subsidiary of the Chicago-based investment firm Vistria […]