Minnesota-headquartered St. Croix Hospice has moved into the state of Michigan with the purchase of CNS Hospice for an undisclosed amount. The Troy, Mich.-based provider serves the Detroit metropolitan area. St. Croix, a portfolio company of the private equity firm H.I.G. Capital, has been aggressive in pursuing growth during 2020 and 2021. St. Croix opened […]
The hospice mergers and acquisitions market has been burgeoning for the last several years and continues to accelerate. Hospice leads the health care sector in terms of investor interest and valuations, but providers may hit some walls if workforce shortages worsen. Among the driving forces behind this continued acceleration include demographic tailwinds, rising demand and […]
Agape Care has acquired Dublin-Ga.-based Serenity Care for an undisclosed sum, furthering the company’s plans for multi-state expansion. The South Carolina-based hospice provider expanded into that market earlier this year with an Augusta, Ga., location serving 12 counties. Agape is a portfolio company of the Chicago-based private equity firm The Vistria Group. The company’s more […]
St. Croix Hospice, a portfolio company of the private equity firm H.I.G. Capital, has opened a new location in Hudson, Wisc., the company’s fourth de novo thus far in 2021. When selecting a new market to enter, St. Croix looks for symmetries between potential new locations and their existing operations. They estimate the extent to […]
San Diego-based Mission Healthcare has signed a definitive agreement to acquire Silverado Hospice locations in Ventura and San Mateo, Calif., and Salt Lake City. Mission’s footprint historically has been concentrated in southern California, but this year the home health and hospice provider is starting to push north. Financial terms of the transaction were undisclosed. Silverado […]
Hospice providers Agape Care and Embrace Hospice House have entered into agreements with the South Carolina Department of Health and Environmental Control (DHEC) to use their inpatient facilities as medical needs shelters during weather emergencies or disasters. During a catastrophic event that requires residents to evacuate their homes, these providers’ inpatient facilities would temporarily house […]
Chicago-based private equity firm The Vistria Group has agreed to recapitalize and invest in the growth of the post-acute data analytics and machine learning companies Muse Healthcare and Medalogix. Joining Vistria as minority investors are the home health and hospice providers LHC Group (NASDAQ: LHCG), Amedisys (NASDAQ: AMED), and Encompass Health (NYSE: EHC). The dollar amount […]
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 […]
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 […]
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 […]
By continuing to use the site, you agree to the use of cookies. more information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.
