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 […]

Diversity Initiatives a Rising Priority for Hospices

Race continues to represent one of the largest barriers to hospice and palliative care. Hospice and palliative care providers are honing in on equity and inclusion, seeking to foster diversity among patients and staff alike. The United States population has grown more racially and ethnically diverse as it ages, according to a U.S. Census Bureau […]

Bristol Hospice Sale Moves Into Second Round of Bids

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 Investment in Hospice Hits All-Time High, Valuations Rising

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 […]

Agape Care CEO: ‘We’re Poised for Multistate Expansion’

South Carolina-headquartered hospice provider Agape Care Group recently moved into Georgia where it will serve 12 counties, marking the company’s first venture outside of its home state of South Carolina. With that de novo under its belt, Agape Care has plans to expand in a number of Southeastern states, primarily through acquisitions.  Agape is a […]

Mission Health Comes Out Swinging in Palliative Care Market

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 […]

Agape Care Group Expands Into Georgia

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 […]

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 […]

P.E. Firm The Vistria Group Seeking Buyers for St. Croix Hospice

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, […]

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. […]