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 […]

[UPDATED] Vistria Group to Sell St. Croix Hospice to H.I.G. Capital

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 […]

Non-Traditional Buyers Flocking to Hospice M&A Market

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 Topping Other Health Care Sectors on M&A

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 […]

St. Croix Hospice Opens Second Iowa De Novo in Two Months

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 […]

St. Croix Hospice De Novo Extends Footprint in Midwest

St. Croix Hospice, a portfolio company of the Chicago-based investment firm the Vistria Group, has opened a new location in Humboldt, Iowa that will serve patients in 10 counties in that state. With the establishment of this de novo, Minnesota-headquartered St. Croix will serve more than 75% of Iowa counties. Iowa ranks fifth in the […]