Three Oaks Hospice Launches with $21M from Granite Growth, Health Velocity and Petra; Acquires Three Hospice Operations
September 24, 2019
Three Oaks Hospice, a newly formed hospice operator founded in May 2019, completed acquisitions of hospice locations from Total Hospice & Palliative Care, ABS Palliative and Hospice Care, and Fellowship Hospice and secured more than $21 million of private equity. The funding was provided by Granite Growth Health Partners, Health Velocity Capital and Petra Capital Partners to support a Texas-focused platform build and further geographic expansion.
- Buyers
- Three Oaks Hospice, Granite Growth Health Partners, Health Velocity Capital, Petra Capital Partners
- Targets
- Total Hospice & Palliative Care, ABS Palliative and Hospice Care, Fellowship Hospice
- Sellers
- Total Hospice & Palliative Care, ABS Palliative and Hospice Care, Fellowship Hospice
- Platforms
- Three Oaks Hospice
- Industry
- Healthcare Services
- Location
- Texas, United States
- Transaction Type
- Addon
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