Buyer: Hospice Cloud
Seller: Genesis Healthcare
Sector: HME, Hospice, LTC
ATLANTA and RICHLAND HILLS, Texas â€“ Genesis Healthcare Services and Hospice Cloud, two providers of HME to hospice organizations, have merged, company officials announced.
The acquisition of Atlanta-based Genesis Healthcare helps Richland Hills, Texas-based Hospice Cloud, which owns and operates 60 service centers and has partnerships with more than 200 HME providers, maintain its position as a market leader providing HME for the hospice industry.
The addition of Genesis Healthcare expands our presence in the Southeast and supports our vision of delivering the most comprehensive DME solution to our hospice patients and their partners,â said Bill Monast, president and CEO of Hospice Cloud.
Indianapolis-based Home Health Depot, an HME provider, is the parent company of Genesis Healthcare. It became the majority shareholder of the five-location company in 2012.
Genesis Healthcare represents the third major acquisition in a little over a year for Hospice Cloud.
Hospice Cloud, a management platform and network for providers offering HME to the hospice industry, is the brainchild of National HME, a provider of HME to hospice organizations in the Dallas Forth Worth area.
Tailwind Capital, a growth oriented middle-market private equity firm, is the lead investor in National HME and Hospice Cloud.A