Agape Care’s New M&A VP, New CEO Takes Helm at Community Hospice

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 […]

First Docs to Expand Nationally With Private Equity Backing

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 Expands with New South Dakota Location

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 […]

Saint Croix Expands Footprint in Minnesota

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 Opens Missouri De Novo

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 Moves Into Hospice Space with Abode Healthcare Acquisition

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 […]

Webster Gets Ball Rolling on Bristol Hospice Sale

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 […]

Private Equity Bullish on Hospice in 2021

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 […]

St. Croix Hospice Innovates to Keep Patients, Families Connected

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 […]