Webster-backed Bristol Hospice buys Remita Health

Bristol Hospice, a portfolio Company of Webster Equity Partners, has acquired Remita Health, a provider of hospice services in Arizona, California and Nevada.

Bristol Hospice, a portfolio Company of Webster Equity Partners, has acquired Remita Health, a provider of hospice services in Arizona, California and Nevada. No financial terms were disclosed.

PRESS RELEASE

Salt Lake City, Utah (September 9, 2020) – Bristol Hospice, a portfolio Company of Webster Equity Partners, is pleased to announce the purchase of Remita Health in the states of Arizona, California and Nevada; adding the Remita hospice service locations of Orange County, Northern Los Angeles, Central Los Angeles, Inland Empire, Las Vegas and Tucson.
Bristol Hospice CEO, Hyrum Kirton, remarked that, “We are graciously committed to our mission that all patients and families entrusted to our care will be treated with the highest level of compassion, respect and quality of care.  With the addition of Remita Health’s hospice programs we look forward to fulfilling that commitment in the local communities we will be serving. Likewise, we are enthused to welcome a team of like-minded healthcare professionals who are known for their excellence in providing quality patient care. Bristol Hospice is excited to share our specialty care programs like Bright Moments and Sweet Dreams with this team as we strive (together) to provide the best possible hospice care while living the Bristol motto of embracing a reverence for life.”

Larry Nabb, President & Chief Operations Officer of Remita Health also noted that, “We have endeavored to live our company mission daily and deliver compassionate patient-centered care with excellence and dignity. The name “Remita” combines the Latin words “Rem” (purpose), with “ita” (way); our logo even symbolized our ‘purpose’ through a single aspen leaf that encircles and protects the patient’s heart, or ‘way’. We see this heart of hospice and purposeful dedication to excellence in patient care evidenced in Bristol Hospice. Their reputation for care quality is well known and we are looking forward to seeing how our local communities will greatly benefit from all that Bristol Hospice has to offer.”

This transaction represents Bristol Hospice’s ninth acquisition this year and fourteenth overall acquisition by the Bristol platform in partnership with Webster Equity Partners. 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 Bristol Hospice
Bristol Hospice began operations in 2006 and is headquartered in Salt Lake City, Utah. Bristol has a long history of providing exceptional hospice care across the country. With this most recent acquisition Bristol now operates 35 locations across 10 states including: AZ, CA, OR, HI, UT, CO, TX, GA, NV and FL. 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.

About Webster Equity Partners
Founded in 2003, Webster Equity invests in healthcare services companies with high impact growth strategies that deliver the highest quality care and extraordinary service. Webster is currently investing out of its fourth fund with $875 million of committed capital. For additional information on Webster Equity Partners, please visit www.websterequitypartners.com.