Hospice Source Obtained Respiratory Therapy Home Health

Hospice Source has bought Respiratory Therapy Home Care in the city of Bellflower, Calif, for a sustainable medical equipment firm. In the last five years, this is the 14th purchase of the corporation. Financial conditions have not been revealed.

Dallas-based Transition Capital Partners, a family-based private investment corporation started in 1993, is a portfolio business of Hospice Source. Patterson Thomas Family Office is a partner of the company. In numerous states, Hospice Source works in 62 sites.is dedicated to providing its hospice partners with tremendous attention,” remarked Jeff West, CEO of Hospice Source. “We can expand this enthusiasm for service to a wider range of Southern California hospice patients and hospice partners with the purchase of RTHC. We welcome to the family our new members of our team, hospice partners, and patients.”

For the same reason as many families, private equity, and companies become more interested in the hospice. These primarily consist of family groups that create a firm, pool financial resources, and buy business assets, usually represented by a banker or broker.A family office is more likely than other sorts of purchasers to retain present management and provide far greater autonomy. While the transaction Hospice Source includes suppliers, family offices in the hospice market itself becoming increasingly common.

“In southern California, we were attracted to RTHC for its repute. They look after their hospice partners and patients like we do on a daily basis,” said Hospice News Marketing & Communications Director Clay Hooten, Hospice Source. “This kind of coherence is precious to us.”According to the California Nationwide Hospice and Palliative Care Organization, California’s hospice use among Medicare decedents was up 46.1 percent during 2018 compared to a national average of just over 50%. Utah is 60.5% most commonly used in the country.