M&A Deal Summary

Fortis Health Acquires Hearts for Hospice and Home Health

On April 27, 2021, Fortis Health acquired healthcare services company Hearts for Hospice and Home Health from Abode Healthcare

Acquisition Highlights
  • This is Fortis Health’s 1st transaction in the Healthcare Services sector.
  • This is Fortis Health’s 1st transaction in the United States.
  • This is Fortis Health’s 1st transaction in Utah.

M&A Deal Summary

Date 2021-04-27
Target Hearts for Hospice and Home Health
Sector Healthcare Services
Buyer(s) Fortis Health
Sellers(s) Abode Healthcare
Deal Type Divestiture

Target

Hearts for Hospice and Home Health

American Fork, Utah, United States
website
Founded in 2003, Hearts is a regional provider of hospice and home health services and further builds out Valeo's service area in Utah.

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Buyer(S) 1

Buyer

Fortis Health

Alabama, United States

website


Category Company
Founded 2011
Sector Healthcare Services
DESCRIPTION

Fortis Health provides skilled nursing, end-of-life care, and other related services to patients in home-based settings. Fortis Health is based in Alabama.


DEAL STATS #
Overall 1 of 2
Sector (Healthcare Services) 1 of 2
Type (Divestiture) 1 of 1
State (Utah) 1 of 1
Country (United States) 1 of 2
Year (2021) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-02 Select Home Health

Indianapolis, Indiana, United States

Select Home Health is a provider of patient-centered home health and private duty home care services. Select Home Health was founded in 2010 and is based in Indianapolis, Indiana.

Buy -

Seller(S) 1

SELLER

Abode Healthcare

Durango, Colorado, United States

website


Category Company
Founded 2012
Sector Healthcare Services
DESCRIPTION

Abode Healthcare provides a full spectrum of home health and hospice services in attractive, growing markets across the United States. Abode’s service offerings are thoughtfully tailored to patients and families, with focused attention given to individual needs and preferences. Abode Healthcare was formed in 2012 and is based in Durango, Colorado.


DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
State (Utah) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-31 Premier Hospice & Palliative Care

Phoenix, Arizona, United States

Premier Hospice & Palliative Care LLC, a hospice and home health services organization.

Buy -