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 […]
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, 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 […]
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 […]
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 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 […]
The Future Leaders Awards program is brought to you in partnership with PointClickCare. The program is designed to recognize up-and-coming industry members who are shaping the next decade of senior housing, skilled nursing, home health and hospice care. To see this year’s future leaders, visit Future Leaders online. Mandy Cogswell, chief clinical officer for Minnesota-based […]
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 […]
The Chicago-based private equity firm The Vistria Group is seeking a buyer for its portfolio company St. Croix Hospice, headquartered in Minnesota, according to a report from the Wall Street Journal. A spokesperson representing Vistria Group made no comment to Hospice News about its plans for St. Croix. St. Croix operates locations throughout Kansas, Minnesota, […]
St. Croix Hospice, a portfolio company of the Chicago-based private equity firm Vistria Group, has opened a de novo location in Iowa, continuing the company’s expansion across the Midwest. The new location will care for patients in nine Iowa counties. St. Croix serves a total of 79 counties in that state, with additional locations throughout […]
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