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 […]
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 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, 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, 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 […]
The first quarter of 2020 has borne out the expectation that the COVID_19 pandemic would have little impact on hospice mergers and acquisitions, at least in the short term. Close to 15 M&A transactions occurred during Q1. This slightly exceeds the 14 transactions that occurred during the fourth quarter of 2019 and beats the total […]
Minnesota-based St. Croix Hospice has purchased Serenity Care Hospice in Harrison, Mo., for an undisclosed amount. St. Croix is a portfolio company of the Chicago-based private equity firm Vistria Group. The transaction marks St. Croix’s entry into the Missouri market. Serenity Care Hospice serves about 100 patients daily in five Missouri counties. Executive Director Stephanie […]
Minnesota-based St. Croix Hospice has grown its footprint in its home state with a new location in Grand Rapids. St. Croix is a portfolio company of the Chicago-based private equity firm Vistria Group. St. Croix has been well positioned for growth, opening five de novos in Wisconsin, Nebraska and Minnesota during the past 12 months. […]
The hospice space saw at least 10 hospice merger & acquisition transactions during the third quarter, a slight dip from the second quarter in which 14 transactions took place. Despite this decline, the hospice M&A market continues to go strong. The hospice merger and acquisitions market has been thriving in recent years, with several top […]
St. Paul, Minn.-based St. Croix Hospice has expanded its footprint in Nebraska by adding a new location in the state’s Grand Island community. Establishment of the new office resulted from community stakeholder requests for additional hospice services in the area, according to the hospice. St. Croix is a subsidiary of the Chicago-based investment firm Vistria […]
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