Fortis Health has purchased Physiocare Home Health and Hospice, a Medicare-certified home health and hospice provider that operates in Indiana. Grant Avenue Capital — a middle-market private equity firm — provided the equity financing for the transaction. Founded in 2020, Fortis is the owner and operator of home health and hospice locations in both Indiana and Utah. Fortis’ locations include Select Home Health & Hospice in Indiana and Valeo Home Health & Hospice in Utah. Grant Avenue Capital is Fortis’ primary financial sponsor. “Indiana is a core market for Fortis and the partnership with Physiocare enables the company to further expand its service offering,” Alex Ferree, principal at Grant Avenue Capital, said in the press statement.
Read the full article: Fortis Health Further Grows Midwest Footprint with Latest Acquisition //
Source: https://homehealthcarenews.com/2024/01/fortis-health-further-grows-midwest-footprint-with-latest-acquisition