A federal judge in Delaware has ordered home health and hospice provider VitalCaring and its private equity backers to share future profits with Encompass Health (NYSE: EHC) and Enhabit Inc. (NYSE: EHAB). The case has a long circuitous history that dates back to 2022 when Encompass Health spinned off its home health and hospice business […]
VitalCaring Group CEO April Anthony has a track record of building home-based care powerhouses, making her newest venture a company to watch as its emerging brand comes together. The gestation of Texas-based VitalCaring has been years in the works, but it built its clinical foundation around July 2021, when its three principal owners — Anthony […]
Agape Care Group Appoints M&A VP Alex Ferguson has stepped into the role of senior vice president of mergers and acquisitions at Agape Care Group. The South Carolina-based hospice and palliative care provider is a portfolio company of the private equity firm Ridgemont Equity Partners. In his new role, Ferguson will assess and prioritize M&A […]
Philadelphia-based First Docs is poised for multi-state expansion after securing new investment dollars from the private equity firm Webster Equity Partners. First Docs is a physician-led internal medicine practice that offers a range of health care services and frequently collaborates with hospice, palliative care, and home health providers, among others. The amount of Webster’s investment […]
St. Croix Hospice has expanded into South Dakota, a new market for the Minnesota-based company. The hospice began considering the move in response to feedback from employees who formerly resided in the state. South Dakota is the ninth state to which St. Croix has expanded. The company has a number of staff members who originated […]
St. Croix Hospice, a portfolio company of the private equity firm H.I.G. Capital, has opened a de novo in Duluth, the second largest metropolitan area in the company’s home state of Minnesota. Demographic tailwinds offer strong support for hospice businesses in Minnesota. Seniors aged 65 and older comprise 15% of the Minnesota population, according to […]
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 […]
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 […]
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