Bristol Hospice, a portfolio company of Webster Equity Partners, is now the leading hospice provider in California, adding Health Essentials, LLC (d/b/a Remita Health) for an undisclosed sum. SV Health Investors, Petra Capital Partners and Bessemer Ventures are all selling Remita Health in this acquisition.
Remita Health provides compassionate hospice and palliative care at six hospice care locations across Arizona, California and Nevada. With the addition of Remita Health, Bristol Hospice will become the leading hospice provider in the state of California (the largest hospice market in the U.S.) by adding four service locations in Orange County, Northern Los Angeles, Central Los Angeles, and Inland Empire, and strategically expands the company’s geographic presence to two new states, Nevada (Las Vegas) and Arizona (Tucson).
Bristol Hospice and Webster Equity Partners have been expanding in California through acquisitions in the past year, according to a search of the data in Deal Search Online. Earlier this year in March, Bristol Hospice added San Diego-based Sojourn Hospice & Palliative Care from Healthy Living Network, LLC. Sojourn Hospice has eight programs in Salt Lake City, Sacramento, Fresno, East Bay, San Jose, Modesto, Redding and San Diego. In 2018, they purchased Bakersfield-based Optimal Health Services, which provides hospice and home health care through its 10 locations serving approximately 1,200 patients daily across 10 counties in California.
