PITTSBURGH, Sept. 12,
2024 /PRNewswire/ -- North Central Florida Hospice,
Inc. and Haven Medical Group, LLC (collectively "Haven Hospice"), a
Florida-based company for
comprehensive hospice care services in 18 counties in north central
Florida completed its sale of
select assets to BrightSpring Health Services (NASDAQ: BTSG), a
leading provider of home and community-based health services for
complex populations, effective September 1,
2024. Haven Hospice's Mission remains unchanged: "Honoring
life by providing comfort, care and compassion to individuals and
families we serve." In a separate but related transaction,
BrightSpring also acquired the Attic Resale Stores.
The Braff Group originated the transaction and served
as the exclusive financial advisor to Haven Hospice.
Haven has been serving advanced illness needs in North Florida since 1979 and has been the
recipient of the Circle of Life Award from the American Hospital
Association for its excellence and innovation and has been
recognized as a Florida Pacesetter for its leadership in promoting
advance directives.
"For 45 years, Haven Hospice has been an award winning and a
premier employer and provider of end-of-life care in north
Florida. Facing a continued
challenging reimbursement and regulatory oversight environment,
Haven has strategically selected BrightSpring as the new caretaker
of Haven's legacy going forward. As a leading and independent
provider of home and community-based healthcare services, they have
significantly more resources available to deliver improved outcomes
with higher levels of satisfaction in a highly competitive provider
marketplace. Haven's Foundation will continue to serve the needs of
their local community through its philanthropic activities,"
commented Mark Kulik, The Braff
Group Senior Managing Director who headed up the deal team.
About The Braff Group:
Founded in 1998, The Braff Group is the leading health care
advisory firm specializing exclusively in behavioral health, home
health, home care and hospice, health care staffing, home medical
equipment and pharmacy services. The firm has completed over 375
transactions and has been repeatedly ranked among the top five
health care mergers and acquisitions advisory firms. Visit
www.thebraffgroup.com and follow The Braff Group on LinkedIn.
Contact: Karen
Cullen, kcullen@thebraffgroup.com
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SOURCE The Braff Group