#United States #Denver #Revelstoke #The Care Team #Traditions Health

The Expansion of Care: Revelstoke Capital Partners and the Care Team

In a significant move within the healthcare sector, Revelstoke Capital Partners, a private equity firm focused on healthcare investments, has facilitated an acquisition that will reshape the landscape for hospice and palliative care services in the United States. This strategic acquisition was made by The Care Team, a provider devoted to end-of-life care, which has now taken over select hospice and palliative care operations from Traditions Health, a recognized provider with services spread across 16 states.

This acquisition includes operations in Illinois, Indiana, Nebraska, Ohio, and Virginia, strategically enhancing The Care Team's existing locations in Michigan, Indiana, and Pennsylvania. The addition of Traditions Health allows for an expansion not only in service offerings but also geographical reach—an essential factor in ensuring that quality healthcare reaches more patients in need across the Midwest and MidAtlantic regions.

“As the country’s population ages, the demand for high-quality hospice and palliative care continues to rise,” stated Anthony Hayes, a Partner at Revelstoke. He further expressed confidence in The Care Team’s capabilities, encapsulating the spirit of this acquisition with, “we are thrilled to support The Care Team’s efforts to grow thoughtfully through this strategic acquisition.” This sentiment underscores the commitment of Revelstoke to enhance healthcare services in an era where such needs only increase.

The merger is expected to foster a collaborative culture that aligns both organizations' missions to deliver compassionate care, ensuring an increase in access for patients and their families. Dan Shoemaker, the CEO of The Care Team, expressed excitement about the integration of Traditions Health's skilled providers into their operational framework, recognizing the vital role these professionals will play in enhancing the patient care experience. “This combination allows us to expand our hospice mission, reach, and team to continue making a meaningful difference in our communities,” he said.

The implications of this acquisition go beyond immediate operational enhancements. As more healthcare providers adapt to the evolving landscape, Revelstoke and The Care Team demonstrate a proactive approach to identifying growth opportunities that align with their mission. The existing expertise of Traditions Health's team members will be harnessed to create better outcomes for patients and families alike, ultimately enriching the communities served.

Along with the acquisition by The Care Team, multiple other Traditions Health locations and services are being targeted by various regional hospice and home health services providers, indicating a broader trend toward consolidation in the healthcare sector. This movement suggests that larger entities are positioning themselves to offer comprehensive care across wider geographic areas, responding to the increasing complexity of healthcare needs.

Operating from Farmington Hills, Michigan, The Care Team has developed a notable reputation for providing comprehensive hospice care that focuses on pain and symptom management, daily assistance, and emotional and spiritual support—critical elements that family members find reassuring during difficult times. Their comprehensive approach ensures a holistic method of care, meeting each patient and family where they are in the health journey.

The vision of Revelstoke Capital Partners extends beyond mere investment; since its inception in 2013, the firm has aimed to build industry-leading companies in healthcare services, technology, and wellness sectors. With assets totaling around $6.2 billion, Revelstoke’s strategic acquisitions, including a striking 204 since its formation, reflect a dedicated commitment to shaping the future of healthcare delivery.

In conclusion, the acquisition of Traditions Health’s assets by The Care Team, supported by Revelstoke Capital Partners, marks a promising development in the realm of hospice and palliative care. It not only represents a strategic expansion within the healthcare industry but embodies a proactive response to rising care demands for an aging population. This acquisition stands as a testament to the evolution within healthcare services, highlighting a collective approach towards leveraging resources for enhanced patient care.

About Revelstoke Capital Partners:

Revelstoke is a prominent private equity firm composed of seasoned investors dedicated to the healthcare industry. They aim to partner with entrepreneurs and executive teams in executing effective organic and acquisition growth strategies, ultimately building exceptional healthcare companies.