St. Croix Hospice, a portfolio company of The Vistria Group, has been acquired by H.I.G. Capital

November 8, 2020

St. Croix Hospice, a portfolio company of The Vistria Group, a leading provider of hospice care across the Midwestern United States, has been acquired by H.I.G. Capital. The partnership with H.I.G. Capital provides St. Croix Hospice with the capital and expertise needed to continue its significant growth trajectory both through continued de novo branch openings and M&A.

Cain Brothers, a division of KeyBanc Capital Markets, served as financial advisor to St. Croix Hospice, highlighting a long-standing relationship with the Company as well as Cain Brothers’ deep expertise in the hospice and post-acute sectors. Cain Brothers previously served as financial advisor to St. Croix Hospice on its sale to The Vistria Group in 2017

St. Croix Hospice provides hospice care across six states in the Midwestern United States. Founded in 2008 and based in Oakdale, MN, the Company operates 35 locations with an average daily census of over 2,000 patients. St. Croix Hospice maintains best in class patient quality scores, and has significant local market density as a provider of choice for health systems and referral sources throughout its footprint. The Company has grown both through acquisitions and a de novo roadmap that has seen the Company successfully open five branches since the beginning of 2020.

The Vistria Group is a Chicago based private equity fund focused on investing in middle market companies in the healthcare, education and financial services sectors.

H.I.G. Capital is a Miami based private equity fund with over $40 billion of assets under management. The firm invests across the manufacturing and services industries. H.I.G. is also an investor in Sage Hospice, a prover of hospice care in Arizona.

For more information, please contact:

Matthew Margulies

Managing Director
(212) 981-6938
mmargulies@cainbrothers.com