VITAS Healthcare’s acquisition of Covenant Health and Community Services hospice business has emerged as a growth engine for the company. In April, VITAS acquired Covenant’s hospice operations as well as one assisted living facility in an $85 million deal. The transaction brought VITAS into the Alabama market and expanded its geographic footprint in Florida and marked the company’s entry into the assisted living space. Covenant was VITAS’ first deal in several years, but more are likely on the way, VITAS Chairman and CEO Nick Westfall indicated in an earnings call.
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Source: https://hospicenews.com/2024/10/30/covenant-care-deal-a-growth-engine-for-vitas/