Hospice News June 12, 2024
The Arizona-based private equity firm Northrim Horizon L.P. has acquired Noble Hospice and Palliative Care for an undisclosed amount.
Northrim is in the process of building out its home-based care platform, with Phoenix-headquartered Noble becoming its first hospice acquisition. The transaction took place through Northrim’s portfolio company ITC, a home-based personal care and community services provider. The company expects more hospice deals on the horizon, according to Jack Lawson, Northrim operating partner and Noble’s new CEO.
The private equity firm takes a long-term view of its investments, which the organization tends to hold indefinitely.
“As long-term business builders, we try to view the world in decades as opposed to three-to-five years, which allows us the luxury to block-out short-term noise...
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