H.I.G. Capital to acquire hospice services provider St. Croix Hospice from Vistria
Florida-based private equity firm H.I.G. Capital said that one of its affiliates has agreed to acquire St. Croix Hospice from Vistria, for an undisclosed price.
St. Croix Hospice is a provider of hospice services across six contiguous states in the midwestern US. Founded in 2008, the company is based in Oakdale, Minnesota.
H.I.G. Capital will carry out the transaction through its H.I.G. Advantage fund.
Alok Sanghvi, a Managing Director at H.I.G. Capital said: “Over the years, as society has more openly and honestly talked about end-of-life care, we have seen more individuals choosing hospice when faced with a terminal diagnosis, and more families reporting that hospice helped their loved ones pass gracefully.
“We’re honored to be partnering with Heath and the St. Croix team to continue to support their important work of providing compassionate hospice services.”
H.I.G. Capital to acquire hospice services provider St. Croix Hospice from Vistria. Photo courtesy of truthseeker08 from Pixabay.
St. Croix Hospice claims to support patients, their families, and caregivers when they require the most, with its round-the-clock hospice care. The company has branches across Iowa, Kansas, Minnesota, Wisconsin, Missouri, and Nebraska.
Heath Bartness – Founder and CEO of St. Croix Hospice said: “We are delighted to partner with the H.I.G. team as we continue on St. Croix’s journey to provide high quality end-of-life care and advocacy to patients, their families and their caregivers. Like our last partners at Vistria, H.I.G. shares our vision of providing compassionate, comprehensive care to individuals with terminal illnesses”.
Triple Tree and Edgemont served as financial advisor to H.I.G. Capital while Ropes & Gray was the legal counsel on the transaction. For Vistria, the financial advisor was Houlihan Lokey, while Winston was the legal counsel for the deal.