Bristol Hospice, which is backed by Webster Capital, has acquired the Colorado operations of Suncrest Hospice, a for-profit hospice provider. No financial terms were disclosed.
Salt Lake City, Utah (August 20th, 2018) – Bristol Hospice, a portfolio Company of Webster Capital, is pleased to announce its acquisition of the Colorado operations of Suncrest Hospice LLC (“Suncrest” or the “Company”), 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 operate under the name Suncrest.
Bristol Hospice 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.”
The Colorado operations of Suncrest represent the second acquisition by Bristol Hospice this year, following the acquisition of Optimal Health Services earlier in July. Bristol Hospice is headquartered in Salt Lake City, Utah and will provide services from 23 locations across eight states. Webster invested in Bristol Hospice in November 2017 with the goal of providing the highest quality care hospice and palliative care services to meet the physical, psychosocial and spiritual needs of individuals at the end of life.
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 our 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.