Bristol Hospice Taps New CFO, Division President

Bristol Hospice is reshaping its executive leadership with the appointment of Michael Derrick as its new CFO and Brett Jackson as division president. Derrick joined the company last year as senior vice president of finance. He succeeds former CFO Gerry Christenson, who is retiring. Derrick came to Bristol from Tula Health, where he raised more […]

Bristol Names Nurse Melissa Broadway as New Chief Clinical Officer

Bristol Hospice has appointed Melissa Broadway as its new chief clinical officer. A registered nurse, Broadway was most recently the chief operating officer of hospice for Bayada Healthcare. At Bayada, she oversaw hospice operations in 11 states, including five divisions of the company. “Having Melissa join the Bristol family represents a great day for our […]

Bristol Hospice Appoints Alex Mauricio as New CEO

Alex Mauricio, president and chief strategy officer for Bristol Hospice, has taken the helm as CEO. He succeeds the company’s former top executive, Hyrum Kirton, who has transitioned to the board of directors. Mauricio became CEO effective Feb. 1, and he will remain the company’s president. Salt Lake City-based Bristol Hospice, a portfolio company of […]

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 […]

Amedisys Makes Executive Moves; Bristol Hospice Names New CFO

Amedisys appoints new chief strategy officer Home health and hospice provider Amedisys Inc. (NASDAQ: AMED) recently named Nick Muscato as its new chief strategy officer. Muscato previously served as senior vice president of finance for seven years before stepping into the role. Moscato has led the company’s investor relations activities and has played a “pivotal […]

Bristol Acquires Texas-Based Hospice Select

Bristol Hospice has acquired Hospice Select in the Dallas-Fort Worth area for an undisclosed sum. Bristol is a large multi-regional player that has grown seven times larger since private equity firm Webster Equity Partners purchased the company in 2017. The hospice operates more than 45 locations across 13 states, with EBITDA that exceeds $70 million, […]

Bristol Purchases Hope Hospice in Missouri

Bristol Hospice has acquired Missouri-based Hope Hospice for an undisclosed sum in the company’s first deal of the year. This follows nine acquisitions during 2020 and 14 in total since private equity firm Webster Equity Partners purchased the agency in 2017. Hope Hospice in St. Louis was established in the early 2000s. Discussions of a […]

Bristol Hospice Acquires Two California Providers

Bristol Hospice has purchased two California providers from the same owner — A Plus Hospice and NorCal Hospice. Financial terms were undisclosed. The deal comes as companies try to complete their transactions before year’s end, due to the potential for capital gains tax hikes in 2022. Bristol is a large multi-regional player that has grown […]

Small Hospices Could Become Prime Targets for PE Buyers

Private equity investors remain bullish on hospice with no signs of slowing down. However, with a number of high-profile transactions completed or in the works during 2020 and 2021, the number of hospices of scale that are likely to come to market is dwindling. During the next few years, PE firms will likely fix their […]

Hospice M&A Riding High on Demographic Tailwinds, but Staff Shortages Threaten Growth

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 […]