Trinity Hospice, Inc., the sixth largest hospice care provider in the Unites States, announced today it has purchased Hospice of Tennessee from Home Care Solutions, Inc.
Hospice of Tennessee has locations in Nashville, Chattanooga, Dickson and Lebanon, and will operate as Trinity Hospice of Tennessee going forward.
“We are pleased to welcome Hospice of Tennessee into the Trinity Hospice Network and to enter the Tennessee hospice market,” said Charlie Gwirtsman, Managing Director of KRG Capital Partners, a buyout firm headquartered in Denver, Colorado and Trinity’s largest shareholder. “Together with management, we believe that the Tennessee hospice market represents an ideal opportunity for organic growth.”
“Aligning with Hospice of Tennessee affords Trinity an opportunity to expand into a new geographic market. Moreover, the acquisition coincides with our corporate growth strategy,” said Jerry Lyden, Trinity’s Chief Operating Officer. “This strategy underscores the Company’s goal to expand our network throughout southern parts of the country. With the addition of Hospice of Tennessee, Trinity now has a solid footing in Tennessee, a state with enormous growth potential.”
Trinity has evaluated several hospices in the southern geographic market and ultimately selected Hospice of Tennessee for its ability to provide its patients with world-class quality care, officials said.
“Following a significant period of evaluating hospice companies, Trinity Hospice was seen as the right fit for our employees and for our communities,” said Steven Lepley, President of HCSI, “Through Trinity’s commitment towards upholding our philosophy of quality patient care, the company is now better positioned to increase the levels of hospice support provided to patients and their families during these tender end-of-life moments. ”
About Trinity Hospice, Inc.
Founded in 1998, Trinity Hospice "has earned a reputation for providing quality, comprehensive hospice care focused on serving the physical, emotional and spiritual needs of terminally ill patients and their loved ones." With 19 locations in nine states and approximately 1,250 patients, Trinity "is well known for its consistent, high-quality care." Headquartered in Tulsa, Oklahoma,
About KRG Capital Partners
KRG Capital Partners specializes in acquiring and recapitalizing unique and profitable middle-market companies. KRG seeks investment opportunities where KRG’s professionals work in concert with owners and operating managers who are committed to expanding their companies and becoming industry leaders.