Home Health & Hospice Week

Plus: Ten-state hospice provider opens a new location.

A private equity-backed provider is adding to its reach with a Lone Star State acquisition.

Frontpoint Health, a portfolio company of Salt Lake City-based Cimarron Healthcare Capital and Phoenix-based Tacoma Holdings, has acquired High Plains Senior Care Group in Texas for undisclosed terms, Frontpoint says in a release.

Frontpoint is a “Home Health and Hospice platform focused primarily on providing care to Medicare Advantage patients in Texas,” it says. The platform operates One Point Health Services in Dallas, Dignity Hospice in Dallas, and Highland Hospice in Houston.

“With the addition of HPSC, Frontpoint’s growth will accelerate throughout Texas and other states in the Southeast with our unique focus on serving the high-growth, underserved Medicare Advantage market,” CEO Brent Korte says in the release.

“The rapid growth of Medicare Advantage enrollment is one of the most impactful trends in modern healthcare,” Korte highlights. “As Frontpoint’s strategic and operational model are uniquely aligned to serve Medicare Advantage patients, we believe our company is well positioned for the future of care in the home.”

Other recent deals include:

In Iowa: Midwestern chain St. Croix Hospice has opened a new location in Clarinda. It’s the Oakdale, Minn.-based company’s fifteenth branch in the state, it says in a release. St. Croix operates more than 65 locations in Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, South Dakota and Wisconsin, it says. The chain helps boost access to hospice in rural areas, it notes.

In Ohio: Lima Memorial Health System has partnered with Bridge Hospice to provide inpatient hospice services at Lima Memorial’s hospital, the health system says in a release. Nonprofit Bridge Hospice is part of the Blanchard Valley Health System, it says on its website.

In Montana: RiverStone Health is closing its 12-bed inpatient facility in Billings on June 30, according to news reports. The health department agency will continue to furnish at-home hospice services. The facility which opened in 2011 is on track to lose $360,000 in the first half of 2024, RiverStone says. “Looking at post-pandemic healthcare, the money’s not there like it used to be,” a RiverStone Health exec noted.

In Indiana and Kentucky: Program of All-Include Care for the Elderly provider BoldAge PACE has opened two Heartland Centers in Evansville, Ind., and Owensboro, Ky. “We are honored to be the first PACE program in history to open two centers on the same day,” says the provider with six locations across New Jersey, South Carolina, Florida, and the two new states.