It’s been a busy year for Traditions Health, the private equity-backed home health company. So far, the agency has announced five transactions this year, the fifth last week for two different companies, Area Community Hospice and AmeraCare Family Hospice and Home Health. No terms were disclosed.
Area Community is a hospice provider with locations in Plainview and Lubbock, Texas, and AmeraCare is a longstanding home health and hospice provider in the greater New Orleans area, servicing patients for over 20 years through multiple sites.
The acquisition of Area Community expands Traditions’ reach to West Texas and strengthens an expansive and growing presence in the state. The acquisition of AmeraCare establishes a new footprint for Traditions in the Louisiana home health market and complements its existing hospice presence. Traditions’ presence in Louisiana was just established earlier this year with the acquisition of Grace Hospice & Palliative Care (Lafayette) and Heritage Hospice (Hammond).
Traditions Health is a portfolio company of Dorilton Capital Advisors, LLC, a New York City-based private equity firm.