Colata Holdings partnered with Texas-based Choice Health at Home (Choice), a regional organization that provides home health, hospice, and rehabilitation. Since entering the partnership with Colata Holdings, Choice, has closed three acquisitions, which expanded its presence in Texas and into Louisiana and Oklahoma. Choice now operates 40 locations.
During the summer of 2020, Choice acquired Home Therapy of Austin expanding the company’s presence throughout Central Texas. In January 2021, it entered the Oklahoma market when it acquired Angelic Hospice in Shawnee, Oklahoma. On June 1, 2021, Choice expanded its presence in Oklahoma by acquiring Restore Home Health, which operates locations in Tulsa, Edmond, Grove, Stigler, and Muskogee.
Choice was founded in 2008 in Tyler, Texas as a rehabilitation service provider organization. It entered home health in late 2012, and launched its hospice segment in 2018. The company’s board is comprised of Choice Founder and Chief Executive Officer (CEO) David Jackson; Ralph Manning, CEO of Coltala; Edward Crawford, president of Coltala; Brad Wiginton, managing director of Trive Capital; and Conner Searcy, managing partner of Trive Capital. Choice is currently seeking acquisition candidates in Texas, New Mexico, Oklahoma, Louisiana, and Arkansas.
The Choice Health at Home investment represents the fifth transaction for Coltala Holdings in 2020. Coltala Holdings, based in Dallas-Forth Worth, Texas, is a holding company focused on acquiring majority ownership in stable U.S. businesses in health care, manufacturing, and business services. Coltala is actively seeking potential acquisition targets that share a passion for operational excellence, continuous improvement, and authentic and principled business stewardship. Coltala builds businesses of significance by establishing a foundation where both Margin and Mission are given equal priority. Trive Capital is a Dallas, Texas based investment firm focused on providing flexible equity and debt capital to strategically viable middle-market companies that exhibit transformational upside potential.
This was reported by Coltala Holdings on June 29, 2021.
Contact information: Beatriz Arana, Communications, Energia Communications for Coltala Holdings, 640 Taylor St, Ste 2550, Fort Worth, Texas 76102; 817-546-4600; Email: Beatriz.firstname.lastname@example.org; Website: https://coltala.com