Hospice Sources buys Travis Medical’s hospice equipment unit

Hospice Source LLC said Nov. 14 that it has acquired the hospice equipment business of Travis Medical Sales Corp. Financial terms weren’t announced. The hospice equipment division of Travis Medical, located in Austin, provides medical equipment to hospices in Texas. Hospice Source is a portfolio company of Transition Capital Partners.

PRESS RELEASE

PLANO, Texas, Nov. 14, 2016 /PRNewswire/ — Hospice Source, LLC is pleased to announce that it has acquired the hospice equipment business of Travis Medical Sales Corporation (“Travis Medical”).
Hospice Source is one of the nation’s largest providers of medical equipment services focused exclusively on the hospice industry. The hospice equipment division of Travis Medical, based in Austin, is a leading provider of medical equipment to hospices in a number of key markets in Texas. The acquisition further enhances Hospice Source’s customer base and market position in Texas.
“The addition of Travis Medical’s locations and customer relationships allow our company to expand our geographical coverage, and continue to serve a greater number of patients in our home state. We are honored to serve Travis’s partners and patients, and welcome them to the Hospice Source family,” said Jeff West, Hospice Source CEO.
About Hospice Source
Based in Plano, TX, Hospice Source is a full service, national provider of respiratory therapy, medical equipment (“DME”), and Hospice DME IT solutions focused exclusively on the hospice market. Hospice Source currently provides service to patients and hospice providers in 7 states from 42 locations. Hospice Source, LLC is a portfolio company of Transition Capital Partners (“TCP”).
To learn more: www.hospicesource.net
About TCP
Transition Capital Partners (“TCP”) is a Dallas, TX based, family office funded, private investment firm. Founded in 1993, TCP has successfully invested in over 40 lower middle market companies spanning a diverse array of industries. TCP is affiliated with the Patterson Thoma Family Office.
TCP partners with management teams to build sustainable value in businesses over the long-term, without the artificial constraints fundraising cycles create for traditional private equity funds. With more than twenty years of proven success, we have a long track record of collaborating with our partners to accelerate the growth of lower middle market companies.
To learn more: www.tcplp.com