Legacy Hospice, backed by the Chicago-based private equity firm Prairie Capital, has expanded in Missouri with its acquisition of Safe Harbor Hospice for an undisclosed sum. Safe Harbor’s 13-county service region builds on Legacy’s footprint in southeastern Missouri.
Safe Harbor began exploring a potential sale back in 2020. Agenda Health advised Safe Harbor in the deal. Financial terms were not disclosed.
“In looking to expand our geographical footprint in Missouri, Safe Harbor Hospice is a natural extension of the services we currently offer in southeastern Missouri,” said Legacy Hospice CEO Clark Blair. “We are excited about the opportunity to partner with an organization that shares our Mission to provide the highest quality end of life care to patients.”
Founded in 2000, Safe Harbor Hospice is a single location hospice in Fredericktown, Missouri. Safe Harbor serves Bollinger, Cape Girardeau, Crawford, Franklin, Iron, Jefferson, Madison, Perry, Reynolds, St. Genevieve, St. Francois, Washington and Wayne counties of Missouri.
Legacy Hospice was established to provide home care for terminally ill patients. The company’s team of nurses, aides, social workers and chaplains work together with the caregiver and patient to develop a patient-centered plan of care that provides symptom management, emotional and spiritual support. Since February 2021, Legacy has organically grown its census by more than 63%, and the company expects this growth to continue.
According to data captured in the LevinPro HC database, this acquisition marks the 17th Home Health & Hospice (HH&) transaction of 2023. This is an approximately 26% decrease from the same time frame of 2022 when 23 HH&H acquisitions were reported.
