Transaction expands Hospice Source’s geographical footprint into two additional states

Press Release updated: Oct 23, 2017 17:12 CDT

Hospice Source, LLC announced today that it has purchased certain assets of Specialized Medical Services and Premier Medical Corporation in the markets of East Tennessee, New Mexico, and Houston, Texas. This acquisition expands Hospice Source’s geographical footprint into two additional states, expanding its coverage both in the Western and Southeastern U.S. regions.

Jeff West, Hospice Source CEO states, “We are tremendously excited about the opportunity to serve more patients in additional areas, and bring our culture of compassion to the patients of our Hospice Partners. We welcome our new Hospice Partners and the new team members from SMS and Premier!”

About Hospice Source

Based in Carrollton, Texas, Hospice Source is a full-service, national provider of medical equipment (“DME”) and respiratory therapy focused exclusively on the hospice market. Hospice Source currently provides service to patients and hospice providers in eight states from 51 locations. 

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About TCP

Transition Capital Partners (“TCP”) is a Dallas, Texas-based, family office funded, private investment firm. Founded in 1993, TCP has successfully invested in over 40 lower middle market companies spanning a diverse array of industries. TCP is affiliated with the Patterson Thomas Family Office.

TCP partners with management teams to build sustainable value in businesses over the long-term, without the artificial constraints fundraising cycles create for traditional private equity funds. With more than 20 years of proven success, we have a long track record of collaborating with our partners to accelerate the growth of lower middle market companies.

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Source: Hospice Source, LLC

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