Industry Bulletins | November 23, 2021
The Care Team Hospice & Home Health Expands To Pennsylvania With Acquisition Of Arcadia Hospice Of SEPA
The Care Team (TCT), a hospice and home health provider organization in Michigan and Texas, completed a previously announced acquisition of Arcadia Hospice of SEPA (Arcadia) in Allentown, Pennsylvania, which allowed it to enter Pennsylvania. Financial terms of the transaction were not disclosed. Select shareholders of Arcadia will continue in an advisory role with TCT.
Founded in 2019, Arcadia provides hospice services in southeastern Pennsylvania surrounding the greater Philadelphia metro area. TCT is a portfolio company of Revelstoke Capital Partners (Revelstoke), a Denver-based private equity firm. This transaction is TCT's second acquisition since partnering with Revelstoke and its . . .