Affinity Hospice Holdings, which is backed by MBF Healthcare Partners, has agreed to acquire Hands of Mercy Hospice of South Carolina, a hospice care company located in Northern South Carolina. No financial terms were disclosed. The deal is expected to close in the next 45 days.
CORAL GABLES, Fla.–(BUSINESS WIRE)–Affinity Hospice Holdings (“Affinity”), a portfolio company of MBF Healthcare Partners II, L.P. announced today the signing of a definitive purchase agreement to acquire Hands of Mercy Hospice of South Carolina (“Hands of Mercy”), a hospice care company located in Northern South Carolina. This is the first acquisition for Affinity in South Carolina and will lay the foundation for future growth and expansion in South Carolina. The acquisition is anticipated to close in the next 45 days, subject to customary regulatory and licensure approvals.
“The team at Affinity is excited with the addition of Hands of Mercy, a quality operator of hospice services. We anticipate immediately leveraging the resources and capabilities at Affinity in South Carolina with this acquisition. Our leadership team has extensive experience working in the South Carolina market and anticipate growing our market share in existing Hands of Mercy markets and expanding swiftly into new markets in South Carolina,” said Ray Shrout, CEO of Affinity Hospice Holdings.
About Affinity Hospice:
Affinity Hospice, a Birmingham, AL based hospice provider, is the leading provider of high-quality end of life care services in Alabama, Georgia and South Carolina. Our mission is to be the market leader in hospice and palliative care, by providing access to high quality specialty services, which embody clinical excellence, outstanding service, and compassionate care. For more information, please visit www.affinityhospice.com.
About MBF Healthcare Partners:
MBF Healthcare Partners (“MBF”) is a leading middle market healthcare private equity fund based in Coral Gables, Florida. Our strategy is to partner with exceptional management teams while leveraging MBF’s operating experience, domain segment knowledge, and tenured relationships to rapidly accelerate value creation. The partners of MBF have substantial operating experience in healthcare and have held senior management positions in both private and publicly traded healthcare companies. The MBF partners have managed and helped build some of the nation’s most innovative and successful healthcare companies such as Strive Dental, Acorn Health, Carisk Partners, Palm Medical Centers, Simply Healthcare Plans, Ramsay-HMO, Physicians Healthcare Plans Inc., Medical Specialties Distributors, CarePlus Health Plans., CAC-Florida Medical Centers, Hospitalists of America, Atlantic Dental, Navarro Discount Pharmacies and Nutri-Force Nutrition. For more information, please visit www.mbfhp.com.