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Agape Care Group completes acquisition of Crossroads Hospice Locations in 4 States

Sep 13, 2024•over 1 year ago

Acquiring Company

Agape Care Group

Acquired Company

Crossroads Hospice

FamilyHospitalityHealth Care

Description

South Carolina-based Agape Care Group has acquired several Crossroads Hospice locations in four states including Oklahoma, Missouri, Kansas, and Georgia. The acquisition reinforces Agape Care Group's strategic focus on multi-state expansion and further strengthens its position in the hospice care market.

Company Information

Company

Agape Care Group

About

As a regional leader in hospice and palliative care, Agape Care Group proudly serves more than 2,100 patients across South Carolina and Georgia. The company’s ~1,090 employees are committed to serving with love those touched by an advanced illness, providing comfort and support through compassionate care and meaningful experiences. Agape Care Group offers hospice and palliative services across multiple settings and is renowned for its superior patient-family experience and expertly trained professionals. For more information, visit AgapeCareGroup.com. ABOUT RIDGEMONT EQUITY PARTNERS Ridgemont Equity Partners is a Charlotte-based middle market buyout and growth equity investor. Since 1993, the principals of Ridgemont have invested over $5.5 billion. The firm focuses on equity investments up to $250 million and utilizes a proven, industry-focused investment approach and repeatable value creation strategies. www.ridgemontep.com

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed