Agape Care Group, Portfolio Company of Ridgemont Equity Partners, Enters Alabama and Louisiana With the Acquisition of Journey Hospice
Agape Care Group (Agape Care), the best hospice and palliative care provider in the Southeast and a company owned by Ridgemont Equity Partners, announced today that it has bought Birmingham, Alabama-based Journey Hospice. With this acquisition, Agape Care can now serve people in Alabama and Louisiana. This strengthens its position as the South’s and Southeast’s leading hospice and palliative care provider.
Agape Care Group Acquires Journey Hospice
With the addition of Journey Hospice, the Agape Care Group family of brands now offers hospice and palliative care in five states. Every day, nearly 3,700 patients are cared for by 1,500 employees.
“We are excited to welcome the Journey Hospice team to the Agape Care Group family. Our two organizations’ values deeply align, making this a natural fit,” said Troy Yarborough, chief executive officer of Agape Care Group. “We are both committed to providing personalized, patient-focused end-of-life services, and this union will allow us to even further raise the standard of patient care, particularly in areas that lack access to quality health care.”
Journey Hospice helps people in 13 parishes in Louisiana and eight counties in Alabama. With this acquisition, the two organizations will be able to combine their resources and give patients and their families in the Southeast high-quality, compassionate care.
The CEO and owner of Journey Hospice, April Holcombe, said, “We’re excited to join the Agape Care family and continue to treat each patient with compassion and care. As a family-owned company, it was important to us to only consider a team with the highest standards of care. Agape Care is what’s needed.”
In the near future, Journey Hospice will keep using the name it has now. No one knows what the deal is about. Agenda Health, which is a service that helps with health care mergers and acquisitions, gave advice to Agape Care Group.
More About Agape Care Group
Agape Care Group is proud to serve nearly 3,700 patients in North Carolina, South Carolina, Georgia, Alabama, and Louisiana. They are a leader in hospice and palliative care in the area. The company’s 1,500 employees are dedicated to helping people with advanced illnesses in a caring way by giving them comfort and support through compassionate care and meaningful experiences. Agape Care Group provides hospice and palliative care in a number of different settings. It is known for its excellent care for patients and their families and its highly trained staff.
Ridgemont Equity Partners bought Agape Care Group from the Vistria Group in October, with Harris Williams advising Agape. We asked James Clark, a managing director with the investment bank, to share his insights on M&A in hospice and palliative care.https://t.co/URLrfpUDRO pic.twitter.com/sWHZewAFzH
— Mergers&Acquisitions (@TheMiddleMarket) November 23, 2021
About Ridgemont Equity Partners
Ridgemont Equity Partners is a middle market buyout and growth equity investor in Charlotte. Since 1993, the people who run Ridgemont have put more than $5.5 billion into investments. The firm focuses on equity investments of up to $250 million and uses a proven, industry-focused investment approach and repeatable value creation strategies.
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