Harris Williams Advises Heart of Hospice, LLC on its Pending Sale to LHC Group, Inc.
June 14 2021 - 4:02PM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces it is advising Heart of
Hospice, LLC (Heart of Hospice), a portfolio company of EPI Group,
LLC (EPI Group), on its pending sale to LHC Group, Inc. (NASDAQ:
LHCG; LHC Group). The transaction is being led by James Clark, Nick
Owens and Michael Mahoney of the Harris Williams Healthcare &
Life Sciences (HCLS) Group.
The acquisition is expected to close during the third quarter of
2021, subject to customary closing conditions.
“The Heart of Hospice team has built a tremendous organization
with a deep commitment to serving its patients and providing the
highest quality end-of-life care,” said James Clark, a managing
director at Harris Williams. “It was a pleasure working with
everyone at Heart of Hospice on this transaction, and we look
forward to following the company’s growth and success as part of
the broader LHC Group platform.”
“Hospice continues to be an attractive sector for investors and
strategic buyers, with strong interest supported by underlying
demographic tailwinds, expanding hospice utilization, a stable
reimbursement environment and resilience through the COVID-19
pandemic,” added Nick Owens, a director at Harris Williams.
Heart of Hospice is a premier hospice platform in the Southeast
providing hospice and palliative care services to end-of-life
patients in 16 regions across Arkansas, Louisiana, Mississippi,
Oklahoma and South Carolina. Heart of Hospice is a highly
mission-driven organization and believes that all hospice-eligible
patients and their loved ones deserve the best care at the end of
life. The company was founded in 2014 via a partnership between EPI
Group and CEO Carla Davis.
EPI Group is a family operating company based in Charleston,
South Carolina. EPI Group and its wholly-owned subsidiary Evening
Post Industries, Inc. began in 1896 as a single newspaper, and now
the group owns and operates businesses in a variety of sectors
throughout the country. EPI Group is an active acquiror, recently
making investments in real estate, healthcare and media. EPI Group
is dedicated to serving its customers, employees and communities
with unconditional integrity, and promises to deliver the highest
standards of service in every capacity it operates.
LHC Group is a national provider of in-home healthcare services
and innovations for communities around the nation, offering
quality, value-based healthcare to patients primarily within the
comfort and privacy of their home or place of residence. The
company’s 30,000 employees deliver home health, hospice, home and
community-based services, and facility-based care in 35 states and
the District of Columbia – reaching 60% of the U.S. population aged
65 and older. As a preferred joint venture partner for almost 400
leading U.S. hospitals and health systems, LHC Group works in
cooperation with providers to customize each partnership and reach
more patients and families with an effective and efficient model of
care.
Harris Williams, an investment bank specializing in M&A
advisory services, advocates for sellers and buyers of companies
worldwide through critical milestones and provides thoughtful
advice during the lives of their businesses. By collaborating as
one firm across Industry Groups and geographies, the firm helps its
clients achieve outcomes that support their objectives and
strategically create value. Harris Williams is committed to
execution excellence and to building enduring, valued relationships
that are based on mutual trust. Harris Williams is a subsidiary of
the PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams HCLS Group has experience across a broad
range of sectors, including healthcare providers; payors and payor
services; outsourced pharmaceutical services; medical device supply
chain; healthcare IT; and pharmacy. For more information on the
HCLS Group and other recent transactions, visit the HCLS Group’s
section of the Harris Williams website.
Harris Williams LLC is a registered broker-dealer and member of
FINRA and SIPC. Harris Williams & Co. Ltd is a private limited
company incorporated under English law with its registered office
at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK ,
registered with the Registrar of Companies for England and Wales
(registration number 07078852). Harris Williams & Co. Ltd is
authorized and regulated by the Financial Conduct Authority. Harris
Williams & Co. Corporate Finance Advisors GmbH is registered in
the commercial register of the local court of Frankfurt am Main,
Germany, under HRB 107540. The registered address is Bockenheimer
Landstrasse 33-35, 60325 Frankfurt am Main, Germany (email address:
hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery
H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a
trade name under which Harris Williams LLC, Harris Williams &
Co. Ltd and Harris Williams & Co. Corporate Finance Advisors
GmbH conduct business.
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Julia Moore media@harriswilliams.com
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