Ziegler, a specialty investment bank, served as financial advisor to Birmingham, AL-based Hospicelink on its merger with StateServ Holdings.
Hospicelink was founded in 2011 by a team of DME, hospice, and technology veterans who believed there were better ways to manage durable medical equipment (DME) spending while enhancing patient care. Hospicelink has created a nationally recognized, award winning technology and service organization specifically designed to enhance and foster the unique relationship between hospice companies and DME providers.
Founded in 2004 and based in Tempe, AZ, StateServ is a DME benefit management provider offering the leading technology-enabled cost containment platform for the post-acute care market. Through a national network of 1,300 DME provider locations, along with 21 company-owned warehouse facilities, StateServ offers the full spectrum of DME benefit management solutions to more than 550 hospice providers in 46 states.
Chris Hendrickson, managing director in Ziegler’s Corporate Finance Healthcare practice, commented, “Hospicelink’s platform data analytics provide meaningful efficiencies and transparency to the hospice segment and I anticipate these attributes will deliver a meaningful value proposition to other DME marketplaces.”
Ziegler supported Hospicelink in new client development and was engaged to exclusively advise the company in 2017.
