Hospice News December 3, 2021
Fortis Home Health & Hospice has acquired Indianapolis-based Select Home Health for an undisclosed sum. Fortis, a portfolio company of the private equity firm Grant Avenue Capital, will share ownership with Select’s founders, who have reinvested in the hospice, as well as additional, unnamed stakeholders. The acquisition expands the Salt Lake City-based Fortis footprint into the Midwest.
Fortis is a brand of Valeo Home Health & Hospice, which Grant Avenue purchased in January from the skilled nursing facility operator Eduro Healthcare. Financial terms of that deal were undisclosed. It marked the PE firm’s first foray into the hospice and home health space. In Dec. 2020 the firm launched a “home-based care buy and build initiative” to pursue these kinds of...
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