DCF Advises on the Sale of a Three State Provider of Hospice Services
Premier Hospice & Palliative Care has sold to Abode Healthcare
Deloitte Corporate Finance LLC (“DCF”) is pleased to announce its advisory role as the exclusive financial advisor to Premier Hospice & Palliative Care, LLC (“Premier”) in its sale to Abode Healthcare, Inc. (“Abode”), a hospice and home health services organization backed by Frazier Healthcare (“Frazier”) for an undisclosed amount.
The DCF team assisted Premier in its execution of the transaction, from the initial range of value assessment and development of marketing materials to the identification of potentially interested parties, coordination of the diligence process and assistance with transaction negotiations. This transaction further highlights DCF’s experience in and focus on the rapidly consolidating healthcare industry.
About Abode, Frazier and Premier
Abode Healthcare was founded by Mike McMaude and Frazier Healthcare as a purpose-built initiative to create a differentiated hospice and home health provider. Abode’s subsidiaries operate in VA, AL, UT, ID and AZ under the names AT Homecare and Hospice, Hearts for Homecare and Hospice and the Hospice of North Alabama.
Frazier Healthcare is a health care-focused private equity firm with $1.8 billion under management. Since its founding in 1991, the firm has partnered with over 100 companies. Frazier investments have included Bravo Health (acquired by HealthSpring), CHG Health (acquired by JW Childs), Aspen Education (acquired by CRC), TridentUSA and Elements Behavioral Health.
Premier is a Medicare and Medicaid certified hospice providing end-of-life care services to patients in Arizona, Indiana and California. Founded in 2003 to better serve the needs of terminally ill patients, Premier offers specialized levels of care when medical intervention can no longer offer a cure. This includes palliative care, symptom control, and supportive care for individuals and their families, so that patients may live as comfortable as possible through the end of their lives.