Optimal Health Services Has Been Acquired by Bristol Hospice, a Portfolio Company of Webster Capital
July 18, 2018
Optimal Health Services (“the Company”), a leading regional provider of hospice and home health services in the state of California, has been acquired by Bristol Hospice, a portfolio company of Webster Capital since November 2017.
Cain Brothers served as Optimal’s exclusive financial advisor in connection with the transaction.
Founded in 1992, Bakersfield, CA-based Optimal Health Services provides hospice and home health care via a network of 10 locations serving ~1,200 patients daily across 10 counties in the state of California. The Company has established itself as a leading provider in its respective markets by providing outstanding clinical and customer service, while maintaining the highest levels of compliance.
Founded in 2006, Bristol Hospice is a Salt Lake City, UT-based hospice provider with 11 locations across seven states – California, Florida, Georgia, Hawaii, Oregon, Texas and Utah.
Founded in 2003 and based in Waltham, MA, Webster Capital is a leading private equity firm that invests in the branded consumer and healthcare services industries and provides equity financing, expertise, and a broad contact network for management buyouts and growth capital. Webster is currently investing its forth fund and has raised over $1.5 billion of capital.