LHC Group shows no signs of slowing down on acquisitions. The company announced in June that it would acquire Heart of Hospice from the family-owned investment firm Evening Post Industries (EPI) Group for an undisclosed amount. Heart of Hospice has a 16-location footprint across five states.
Earlier that month, LHC Group agreed to acquire Fruitland, Idaho-based Heart ’n Home Hospice. The acquired company operates six locations in its home state of Idaho as well as four in central and eastern Oregon under two brands: Heart ’n Home Hospice and Treasure Valley Hospice. The transaction marked LHC Group’s entry into the Oregon market and is expected to yield $20 million in annualized revenue. This transaction closed this morning, July 1.
“Heart N’ Home is a leading provider of hospice services in the Idaho and Oregon market,” Kevin Palamara, managing director and Jake Vesely, associate, with Provident Healthcare Partners, told Hospice News in an email. “Not only do they hold significant market share, HnH also developed a unique and thoughtful training system for their employees that allows them to provide best-in-class care in these hard to reach rural communities.”
Provident Healthcare Partners is the M&A firm that advised Heart ‘n Home on the deal.
To access the full article on Hospice News and read Kevin’s thoughts, click on the following link: M&A LHC Group Acquires Three Hospice, Home Health Providers. External Link. Opens in new window.
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Hospice News (HN) is an independent source for breaking news and up-to-date information on the hospice industry. The coverage spans the hospice world specifically, from large, national service providers to independent care companies. Its news and perspective gives industry professionals the information they need to make the best decisions in their day-to-day business operations.
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