A California-based home health and hospice services provider has acquired Arlington-based Carrington Hospice Care.
The acquisition of the Dallas-Fort Worth provider by Irvine-based Jet Health Inc. will position Carrington for more growth, the company said in a joint statement from Elsie Johnson and Dorothy Ojirika, who founded Carrington in 2018.
“The Dallas-Fort Worth health care landscape is rapidly shifting toward providers that provide multiple home-based care service lines,” the statement says. “Joining Jet Health allows the company to address this move and helps expand the depth of their offerings. Jet Health has established a solid reputation for quality patient care and service throughout Texas, and aligning with the company will advance our market leadership position.”
Financial terms of the acquisition were not disclosed.
The combined companies will have 40-plus Dallas-Fort Worth employees, according to a spokeswoman for the companies.
Carrington will operate under the name Klarus Hospice, in keeping with Jet Health’s Texas brand, the spokeswoman said.
The acquisition marks Jet Health’s second one in the hospice arena and furthers its strategy to offer hospice care in the current home health markets it serves, said Stacie Bratcher, Jet Health CEO.
“By providing our home health patients a choice to remain in our care as they transition to hospice, we will improve the continuity of care and overall patient satisfaction of those we serve,” Bratcher said. “This acquisition affords Jet Health the opportunity to better service both our patients and referral sources in the Texas marketplace and to continue to grow Jet Health’s hospice offering throughout our geographic footprint.”
Funding for the transaction was provided by SV Health Investors and Health Enterprise Partners. Stradling Yocca Carlson & Rauth, of Newport Beach, Calif., acted as legal counsel to Jet Health. American Healthcare Capital of Marina Del Rey, Calif., served as acquisition advisors to Carrington Hospice Care, Inc.
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