Waltham, MA (November 30, 2017) â€“ Webster Capital is pleased to announce its acquisition of Bristol Hospice (â€œBristolâ€ or the â€œCompanyâ€), a multi-regional hospice provider with a premier reputation dedicated to delivering quality, compassionate care for patients and their families.
Founded in 2006, Bristol Hospice provides hospice and palliative care services to meet the physical, psychosocial and spiritual needs of individuals at the end of life. The Company is headquartered in Salt Lake City, Utah and has 11 locations across seven states. Bristol partners with national organizations and academic institutions to develop its best-in-class compliance programs and processes.
â€œWe are excited to partner with Bristol to assist them in continuing to focus on high quality care and patient satisfaction while addressing the growing national demand for hospice servicesâ€ said John Garbarino, Partner at Webster Capital. â€œThe Company has an exceptional track record and is well-positioned to capitalize on a range of expansion opportunities in the coming years.â€
CEO, Hyrum Kirton, said â€œWe look forward to partnering with Webster in our next phase of growth. The Webster team brings a wealth of experience in multi-site healthcare services and shares our core values of respect, compliance, compassion and quality.â€
About Webster Capital
Founded in 2003, Webster Capital is a private equity firm that invests in the branded consumer and healthcare services industries and provides equity financing, expertise, and a broad contact network for management buyouts and growth capital. Webster is currently investing its third fund and has raised over $600 million of capital. For additional information on Webster Capital please visit www.webstercapital.com.
About Bristol Hospice
Bristol Hospice operates and manages hospice programs in seven states. The Bristol Programs are designed to promote quality and comprehensive hospice services to patients and families in the communities they serve. The Bristol leadership is committed to the companyâ€™s vision and mission in the delivery of our hospice services. The Company holds firm to its values and mission â€“ Embracing a Reverence for Life. For additional information on Bristol please visit www.bristolhospice.com.