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 […]
Hospice and home health provider Mission Healthcare is making a significant push into the palliative care space in its home state of California, with eyes on interstate expansion. The company launched its program in the Ventura, Calif., region and is now mobilizing to bring palliative care to each market it serves. Mission is a portfolio […]
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 […]
South Carolina-headquartered hospice provider Agape Care Group has expanded into Georgia where it will serve 12 counties. Agape is a portfolio company of the Chicago-based private equity firm The Vistria Group. Agape Care Group’s more than 900 employees care for 1,500 patients annually in South Carolina and now Georgia, providing hospice and palliative care. The new […]
BrightSpring Health Services has purchased Abode Healthcare from Summit Partners with a reported valuation of $775 million, PE Hub reported. The transaction is projected to bring the combined company roughly $6 billion in annual revenue. Louisville, -based BrightSpring’s total value currently rests at approximately $10 billion. Brightspring is a portfolio company of the global investment […]
Private equity firm Webster Equity Partners has officially launched the sale process of its Bristol Hospice asset, according to PE Hub. Bristol is one of the last private equity-backed hospice companies of scale that is likely to come to market in the near future. Bristol is a large multi-regional player that has grown seven times […]
The hospice and home health sectors saw strong consolidation activity at the end of 2020, according to a fourth quarter report from Provident Healthcare Partners. The report indicated that increased private equity transactions and an influx of new deals during 2021 will be attracting interest and driving heightened valuations in a growing hospice market. Private […]
