Hospice News September 16, 2024
Dallas-based Three Oaks Hospice has reportedly begun seeking a buyer.
The private equity-backed hospice launched in 2019 with more than $21 million in investment dollars from Granite Growth Health Partners, Health Velocity Capital and Petra Capital Partners. Rumors of the potential sale were first reported by the website Ion Analytics, which indicated that Three Oaks generates between $12 million and $15 million EBITDA
“The company is working alongside investment bank Harris Williams, according to four of the sources,” Ion Analytics reported. “The process is in the later stages and is down to a few private equity buyers, three of the sources said.”
Three Oaks completed a number of its own acquisitions in its first two years of operations.
In 2019,...
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