Hospice News September 4, 2024
BrightSpring Health Services (NASDAQ: BTSG) has completed its acquisition of the Florida-based nonprofit Haven Hospice for $60 million.
The transaction includes the purchase of two brands, North Central Florida Hospice Inc. and Haven Medical Group LLC. BrightSpring anticipates that Haven will grow into a $15 million EBITDA business, CEO Jon Rousseau indicated in a second quarter earnings call. Integration may take some time due to the need to convert Haven from nonprofit status to for-profit, Rousseau said.
Haven holds hospice certificates of need (CON) for hospice care in 18 Florida counties.
“We are excited to welcome Haven Hospice into BrightSpring, expanding our existing hospice services into the CON state of Florida,” said Rousseau in a statement. “The delivery of compassionate...
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