Bristol Hospice, a portfolio company of Webster Capital, has acquired the Colorado operations of Suncrest Hospice LLC, a for-profit hospice provider. No financial terms were disclosed. Quadriga Partners advised Suncrest on the deal.
DENVER, Sept. 25, 2018 /PRNewswire/ — Quadriga Partners, LLC (“Quadriga”), an investment bank and transaction advisory group that works closely with companies in the healthcare industry, has announced the sale of the Colorado operations of Suncrest Hospice, LLC (“Suncrest”) to Bristol Hospice (“Bristol”), a portfolio company of Webster Capital. Quadriga served as exclusive financial advisor to Suncrest in the transaction.
Founded in 2011, Suncrest is the largest for-profit hospice provider in Colorado with four locations in Colorado that service an average daily census of 650+ patients. This acquisition does not involve any operations outside Colorado that provide care under the Suncrest name.
Scott Perucca and Tyler Godfrey, founders of Suncrest, commented, “Quadriga was able to deliver a result that significantly exceeded our expectations. We would highly recommend the Quadriga team. They are honest, deliver on their commitments, and provide unparalleled support throughout the entire process. We look forward to an enduring relationship.”
Jason Ficken, Partner of Quadriga, added, “It was a genuine privilege to advise Suncrest on this transaction. Through its unwavering commitment to patient care, Suncrest generated a truly unique growth trajectory, emerging as the clear leader in hospice care for the Rocky Mountain region. We look forward to partnering with Scott and Tyler in the future.”
Bristol CEO, Hyrum Kirton, remarked, “Suncrest has a reputation of delivering exceptional patient care in the Colorado market and we are excited to assist the team in their next phase of growth. Our combined team is comprised of the most talented and compassionate professionals in the industry. We are committed to maintaining the highest clinical standards while continuing to drive growth across new and existing markets.”
For additional information, please contact Jason Ficken at firstname.lastname@example.org or (303) 495-5514 and Greg Throckmorton at email@example.com or (303) 495-5266.
About Quadriga Partners
Quadriga Partners is a middle-market investment bank that works exclusively with companies in the healthcare industry. Headquartered in Denver, Quadriga provides mergers and acquisitions, capital raising, and strategic advisory services. For additional information on Quadriga, please visit www.QuadrigaPartners.com.
About Suncrest Hospice
Based in Salt Lake City, Utah, Suncrest Hospice is a leading multi-state hospice provider focused on providing quality care through its dedicated, compassionate, and highly skilled caregivers. For additional information on Suncrest, please visit www.SuncrestCare.com.
About Webster Capital
Founded in 2003, Webster Capital is a private equity firm that invests in the branded consumer and healthcare services industries and provides equity financing, expertise, and a broad contact network for management buyouts and growth capital. Webster is currently investing its third fund and has raised over $900 million of capital. For additional information on Webster Capital, please visit www.WebsterCapital.com.
About Bristol Hospice
Bristol Hospice operates and manages hospice programs in eight states. The Bristol Programs are designed to promote quality and comprehensive hospice services to patients and families in the communities they serve. The Bristol leadership is committed to the company’s vision and mission in the delivery of hospice services. The Company holds firm to its values and mission – Embracing a Reverence for Life. For additional information on Bristol, please visit www.BristolHospice.com.