Hospice Compassus, a local network of palliative care programs, has acquired Life Choice Hospital, a Pennsylvania hospice company. Though specific terms of the deal were not disclosed, Hospice Compassus has secured $210 million in a senior secured credit facility for the acquisition from CIT Bank. “The combination of Hospice Compassus and Life Choice creates a leading hospice platform with a national scope,” Jim Deal, Hospice Compassus CEO, said in a statement. “CIT has been a financing partner since our inception in 2006, supporting our efforts to grow our organization. We look forward to our continued partnership with CIT.” Following the acquisition of Life Choice’s 24 facilities in 11 states, Hospice Compassus now has 90 locations in 25 states.
Market Pulse transactions shown herein are provided as a matter of public record. These transactions have been compiled from press releases, corporate announcements and other public sources to provide an overview of acquisition and merger activities within the healthcare and life sciences sectors.