Fortis Home Health & Hospice has acquired Select Home Health based in Indianapolis, Fortis’ private equity backer Grant Avenue Capital says in a release. “This transaction marks the expansion of Fortis into the Midwest region and is a further example of the company’s flexible and partnership-based approach to acquisitions,” says New York-based Grant Avenue in the release.
Grant Avenue acquired a majority interest in Valeo Home Health & Hospice in Salt Lake City in January, and Valeo acquired Hearts for Hospice & Home Health in American Fork and Ogden, Utah, in April (see HCW, Vol. XXX, No. 17).