Dallas-based Three Oaks Hospice has acquired Peace Hospice & Palliative Care in Naperville, Ill., for an undisclosed amount. Relatively new to the hospice arena, Three Oaks opened its doors in May 2019 and jumped quickly into the mergers and acquisitions market with the September purchase of three hospices in the company’s home state of Texas. Three Oaks Hospice during 2019 received more than $21 million in private equity from Granite Growth Health Partners, Health Velocity Capital and Petra Capital Partners. Peace Hospice & Palliative Care cares for patients and families throughout the Chicago metropolitan area, providing skilled nursing care, personal care, counseling and physical/occupational therapy to patients suffering from life-limiting illnesses. The transaction makes Three Oaks’ entry into the Illinois market.
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