Webster Equity Partners Plans Sale of Bristol Hospice

Private equity firm Webster Equity Partners is considering the sale of Bristol Hospice, which operates 35 locations across 10 states, PE Hub has reported. Bristol’s EBITDA is in excess of $70 million, indicating that the company is about seven times larger than when Webster first acquired it in 2017, according to PE Hub. That degree […]

Hospices Step Up to Vaccinate Staff for COVID-19

Hospices are facing a flurry of challenges as the first wave of coronavirus vaccines rolls out across the United States. With distribution processes varying from state to state, hospices nationwide are implementing diverse methodologies as the impacts of COVID-19 vaccination processes reach into operations and bottom lines. Vaccinations began Dec. 14 across the country as […]

CFO Phenneger: ST. Croix Hospice Poised for Steady Growth

Stephen Phenneger has been named president and CFO of St. Croix Hospice, where he has served as acting CFO since March. Phenneger was acting CFO during the sale of St. Croix to the private equity firm H.I.G. Capital by previous owner the Vistria Group, a Chicago- based investment firm. He previously served as executive vice president […]

St. Croix Opens Nebraska De Novo

St. Croix Hospice has launched a de novo location in Norfolk, Nebraska, extending the company’s footprint into the northeastern region of that state. St. Croix is a portfolio company of the private equity firm H.I.G. Capital. St. Croix has been on a solid growth trajectory during 2020 and into this year. The company expanded last […]

St. Croix Hospice Appoints Stephen Phenneger as CFO

Private equity-backed St. Croix Hospice has appointed Stephen Phenneger as president and chief financial officer. He has been serving as interim CFO since March 2020 and has been actively involved in the hospice’s response to the COVID-19 pandemic. Phenneger was acting CFO during the sale of St. Croix to the private equity firm H.I.G. Capital […]

Hospice Leaders’ 2021 Predictions: Industry Change is Accelerating

In the midst of sweeping industry-wide change, hospices are still contending with the ongoing COVID-19 pandemic that has affected almost every aspect of their businesses. As this difficult year comes to a close, hospice leaders are looking ahead to 2021 with their minds on leveraging the expansion of telehealth, encouraging equitable access to care, industry […]

St. Croix Hospice Innovates to Keep Patients, Families Connected

St. Croix Hospice, a portfolio company of the private equity firm H.I.G. Capital, is taking a new approach to helping patients stave off the adverse effects of social isolation at the end of life. The company’s InTouch Family Connection Program is designed to help patients connect with family and loved ones both virtually and in […]

[UPDATED] Vistria Group to Sell St. Croix Hospice to H.I.G. Capital

The Chicago-based private equity firm the Vistria Group has agreed to sell St. Croix Hospice to an affiliate of the investment company H.I.G. Capital for an undisclosed amount. Vistria’s portfolio focuses on health care, education and financial services. Minnesota-headquartered St. Croix has a substantial Midwestern footprint that extends across six states and has been on […]

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 […]

St. Croix Hospice Launches Weekly COVID-19 Testing

Hospice providers have ramped up staff screening procedures as the novel coronavirus swept its way across the nation earlier this year. The pandemic continues to build speed with spikes in cases and death counts. St. Croix Hospice is among the providers boosting their infection control procedures. The hospice recently implemented weekly COVID-19 testing among staff […]