Sentinel Recapitalizes Hospice Advantage
Sentinel Capital Partners announced that it recapitalized Hospice Advantage. Terms of the deal were not disclosed.
Headquartered in Michigan, Hospice Advantage was founded in 2004 by Rod Hildebrant, a veteran hospice industry executive with more than 35 years of experience, to better serve the needs of terminally ill patients. Hospice Advantage currently operates 56 locations in 10 states throughout the Midwest, Southeast and South.
“Hospice Advantage provides valuable services and compassionate care to terminally ill patients and their families,” said Paul Murphy, a Sentinel partner. “We are thrilled to be partners with Rod Hildebrant, a pioneer of the hospice industry in the U.S., and his team.”
Hospice Advantage built a strong brand name and referral network complemented by a scalable back office operation that includes compliance and quality assurance, billing, human resources, facility development, and information technology. This infrastructure will support further growth in the Midwest and South.
“We are very pleased to partner with Sentinel as we take our company into its next stage of development,” said Hildebrant. “Their proven expertise in healthcare services made Sentinel our partner of choice. We very much look forward to working with our new partners at Sentinel and continuing our leadership in the hospice community.”
Sentinel Capital Partners specializes in partnering with entrepreneurial executives to buy and build lower middle-market companies in the U.S. and Canada.
Hospice Advantage is a hospice care organization that provides end-of-life care, palliative treatment, personal care, and family support services, primarily to patients in their homes.